Whether you are the sole proprieter of a small business or in charge of financing or acquisitions for a huge, sprawling business empire, making business purchases is always a good idea. Within reason, of course -- spending the whole budget in one fell swoop is the recipe for disaster, as you need something to run on. Business purchases are good in the long run, though, because they help the business reduce taxes. Simply put, business purchases can be written off as tax deductibles. That means that the more business purchases you make, the less taxes you have to pay come tax time because you … [Read more...]