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PROFIT CENTER Sole proprietors who pay taxes on their salaries via personal income taxes miss out on a business tax break. A word of caution, however: Don���t forget that when you pay yourself, you���ll owe taxes on that salary. ���Always make sure to consider how much you���re going to owe when you pay yourself, and plan ahead for that tax bill, come April,��� Mann advises. Automobile Expenses: Does your business own a vehicle? Do you use your own vehicle for business ��ISTOCKPHOTO.COM savings are available to building owners who lease some space to another entity. ���If you can set up a separate LLC for the building, and lease some space to yourself as a tenant and some to another business, you���ll save, because some of your income won���t be subject to some of the taxes associated with self-employment,��� she says. Salaries: Owners who have established their businesses as sole proprietorships pay taxes on their salaries via personal income taxes. But, unfortunately, they���re missing out on a business tax break. If they were set up as an LLC, they could count their own income as a business expense. ���As an LLC,��� says Knight, ���you can allocate your payments to yourself as a salary rather than a draw, so you can expense that as a labor cost.��� Give Your Clients the Gift of for Mother���s Day! Beauty Quantum Technology Brings Immediate and Long Lasting Results in a Small Unit!! spa & salon equipment ULTRACAVITATION .K]RI:DYH3HQHWUDWLRQ ��:HLJKW/RVV ��&HOOXOLWH5HGXFWLRQ; ��%RG\&RQWRXU; ��)DFHDQG%RG\7UHDWPHQW ��8VHU)ULHQGO\ $ $ 120000 RADIO FREQUENCY ��.K]RI:DYH3HQHWUDWLRQ ��)DFHDQG%RG\/LIWLQJ ��,PPHGLDWH5HVXOWV ��6NLQ)LUPLQJ7LJKWHQLQJ ��8VHU)ULHQGO\ ��7ZR$GDSWDEOH +HDG$WWDFKPHQWV Radio Frequency and Cavitation Cream with purchase of any of these units FREE 2oz. 7ROO)UHH��_ZZZ%DQG%1FRP��VDOHV#%DQG%1.com dayspamagazine.com/freeinfo ��� Use FreeInfo #29 94 DAYSPA | MARCH 2013 7ZRVSHHGVIRUGHHSFOHDQVLQJ )RXUDWWDFKPHQWV%ULVWOH %UXVK0DNHXS5HPRYDO 6SRQJH6NLQ5HVXUIDFLQJ 3RPH]IRUURXJKDUHDV:DWHU SURRI+DUGWUDYHOLQJFDVH %DWWHULHVLQFOXGHG$$ Free sample from ���Remedios��� Skin Care 120000 everything you need NEW!! Super Clean Brush $ 3000 We offer the best quality equipment for the best price, rated # 1 in customer service 2012! )LQDQFLQJ$YDLODEOH��6H+DEOD(VSDxRO