Essentially, I am looking for significant yet sensible approaches/areas for business tax deductions.?

Question

Tax deductions generally come when earnings are reinvested, back into the businesses. Based on projections, the year should end in a 225K to 275K net profit (this incorporates costs + a maximum IRA). W/ tax-code section-179 in play, a business can deduct ~100K w/in a single tax/yr rather than via the typically longer, multi-year depreciation process. New equipment purchases should absorb ~ 100K; this in turn will allow the business to act on the benefits of section-179. Efficiently utilizing the remaining ~200K is the challenge. Developing & exercising viable & legitimate investment/deduction opportunities is in a sense the goal. Most ideally, I had hoped that the additional funds could serve as a business investment in the form of a business property down-payment (i.e., for a new corporate office). A balloon down payment, to my understanding, however, can not be, as in section-179, taken as a deduction entirely w/in the same year. I am requesting feedback on the topic, and I hope that those with stronger backgrounds/experience will shed light on my self and the group. Clever (above-board) strategies that promote tax deductions are certainly welcome.

Answer 1

"Tax deductions generally come when earnings are reinvested, back into the businesses." Based upon this statement alone, you have little concept of how business operates. Hire a CPA.

"(this incorporates costs + a maximum IRA)" This only solidifies my point. An IRA has nothing to do with business profits. Hire a CPA.

Answer 2

I agree with the previous answer totally. Hire a CPA