Seven Things To Do For Your Business Before December 31

1. Pay outstanding bills. If you’re on the cash method of accounting, doing so entitles you in most cases to deduct these payments in 2002, reducing your net income and minimizing your taxes. If you’re short of cash, charge expenses to your business credit card—you can deduct the charges in 2002 even though the credit
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GSA closes loophole to the benefit of small business

GSA’s FAR Deviation Closes Small Business Contracting Loophole Policy to Require Size, Status Certification Before Option Periods Are Exercised WASHINGTON, DC – Businesses holding government contracts will soon be required to certify their size and status each time an option period is exercised under the terms of a new policy announced today by the U.S.
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