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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 3 / 720 | 
                
    
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A portion of employment tax is deductible while sales and use tax offers no deduction, if you have not included it in gross income. Paying taxes on time will prevent you from losing a deduction and possibly your business.
Setting up a retirement plan is a key tax decision. Many different plans allow you great flexibility in the amount you place in the plan...
        
        
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Many different plans allow you great flexibility in the amount you place in the plan. A sideline or moonlighting business can offer the opportunity to make use of retirement programs. Social Security is one of the easiest taxes to control and should be part the plan selection process.
Make sure you are operating a business and not a hobby...
        
        
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            General points of the essay
            
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