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Reduce Your Business Expenses

If you’re running your own business, perhaps there’s no better time than the present to look for ways in which you can reduce your total expenses, without sacrificing the quality of your products or services.

The Entrepreneur website has listed 50 ways to save money by way of traditional and web marketing expenditures, location expenses, office overhead and insurance costs, and even tax and financial tips.

Some examples:

13. Buy recycled printer cartridges. Check Google or your Yellow Pages for a local recycled printer cartridge supplier;

25. Use independent contractors. Employers generally don't have to withhold or pay any taxes on payments to independent contractors. But be very careful that your independent contractors fit the definition provided by the IRS or you could face penalties, and;

48. Time your payments. Ask suppliers if they give discounts for early payment. If not, it's to your advantage to pay your bills-including utilities, taxes and suppliers-as late as possible without incurring a fee.

Read all of the tips here.

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