4 Business Expenses You Can Reduce Today

pennyBusiness expenses can get out of hand quickly. Sometimes, you forget to budget for things that can add up. We’re here to tell you what four business expenses you can reduce today.

1. Energy costs

Do you work in an office? How old is it? When was the last time the insulation was updated? Do you turn all the lights off when you leave?

As a Texas based company, we know that you can’t get much work done in the heat. But, if you use heating or air-conditioning in your office, you should make sure your air-conditioning and heating units don’t have to work as hard when no one’s there. Turn the thermostat up or down when you leave and adjust it again in the morning when you get it. Make sure you turn off computers and lights when you leave. And, if you’re just starting out an office, think of investing in  energy saving equipment, like more efficient monitors, modems, and even light bulbs.

2. Payroll

As an entrepreneur, you are working with a limited budget. Before you go out and start hiring employees, take a look at the projects you want those employees to handle. Are they all permanent or long term? If not, you might want to hire out on contract rather than having a permanent employee.

3. Research

Small businesses and entrepreneurs get a whole range of tax breaks, deductions, and benefits. We’ve mentioned some on this blog, like hiring your children. But, think about all the business expenses you incur, like travel, or business lunches, or conference fees. Are you making sure those are all reflected in your taxes? Take some time to research the benefits available to you and make sure you’re taking full advantage.

4. Shop around

If you find that you are in need of something for the office, don’t settle on the first price you find. If you’re looking for something like office furniture, you can always buy secondhand. If you need a modem or router, check more than one retailer. With the Internet, it’s easier than ever. You can also look for places that offer small business rewards programs or discounts.

What are some ways you save money around the office? What’s your biggest business expense you forgot to budget for? Share in the comments!

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Posted on September 15, 2014, in Biz Tips, business tips, Energy, Entrepreneur, Small Business and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

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