Tax Write-Offs: Retirement
The end of tax season is near! If you have not done so already, your last day to file taxes is April 18. Small business owners are...
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- Feb 14
- 2 min
Tax Write-Offs: Do You Have a Home Office?
If you do, read this blog! Self-employed workers, contractors, freelancers, and telecommuters require a home office to conduct business...
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- Feb 7
- 1 min
Tax Write-Offs: Do Travel Expenses Fall Under the Tax-Deductible Umbrella?
Definitely! If your business requires you to travel outside of the parameters of your usual place of business, the expense would qualify....
9 views0 comments
- Feb 4
- 1 min
Tax Write-Offs: Are Phones and Internet Tax-Deductible?
They sure are! Expenses paid to power the business with internet and phone service can be written off to lower small business owners’ tax...
18 views0 comments
- Feb 2
- 1 min
Tax Write-Offs: Can Salaries and Benefits Count as Tax Deductions?
If you answered yes, you got it right! Small business owners with employees can write off their workers’ salaries, benefits, and...
15 views0 comments
- Jan 31
- 1 min
Tax Write-Offs: Is Rent Tax-Deductible?
Yes, it is! Business owners that rent a building, office space, warehouse, or another type of business property may be able to deduct...
20 views0 comments
- Jan 21
- 2 min
Tax Write Offs: What Moving Expenses Are Deductible?
Besides being stressful and requiring a lot of planning, moving to a new place also takes money. Costs for moving companies, advance...
23 views0 comments
- Jan 17
- 2 min
Tax Write Offs: Depreciating Assets can Lower your Tax Bill
Depreciation is a method where the cost of fixed and tangible assets is allocated over time. Depreciation effectively measures how much...
10 views0 comments
- Jan 14
- 1 min
Tax Write Offs: Benefits for Higher Education
Small businesses that provide their workforce with educational benefits may be able to fully deduct the associated costs of offering this...
8 views0 comments
- Jan 12
- 2 min
Tax Write-Offs: Use your Vehicle as a Business
Costs associated with operating a business vehicle are tax-deductible under certain qualifying circumstances. You may qualify to deduct...
8 views0 comments
- Dec 16, 2021
- 2 min
Tax Write-Offs: Business Insurance, Let's Talk About It
Business insurance can be completely deducted from your taxes! However, like any other tax deductions, it will need to meet certain...
11 views0 comments
- Dec 13, 2021
- 2 min
Tax Write-Offs: Wait, Business Meals Are Tax-Deductible?!?
That's right! Business meals for employees and clients can be considered tax-deductible! However, there are stipulations you will need to...
14 views0 comments
- Dec 6, 2021
- 2 min
Tax Write-Offs: Working From Home, Do You Qualify?
Due to the COVID-19 pandemic, many workers were required to work from home. What was once unfamiliar territory for those whose routine...
20 views0 comments
- Jul 2, 2021
- 1 min
Changes are Coming: What You Need to Know About the Global Tax Overhaul
It was announced early Thursday that a group of 130 nations has come to an agreement to a worldwide tax minimum on corporations. This...
8 views0 comments
- Jun 12, 2021
- 1 min
Tax Tips: The IRS and Crypto Taxation
The IRS is on a mission to obtain funding to pursue those who are evading cryptocurrency taxes. To help with their plan, the IRS believes...
4 views0 comments
- May 7, 2021
- 2 min
Top 10 Series: Why You Need a Tax Preparer!
It Makes Dollars and Sense! Your tax preparer will get down to the most minute detail so that not tax credit or deduction is missed. This...
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- Nov 5, 2020
- 1 min
Biden vs. Trump: A Brief Overview of Each Nominee's Tax Plans
Both former Vice President Joe Biden and President Donald Trump approach the 2020 presidential election with plans on how to allocate...
19 views0 comments
- Feb 24, 2020
- 1 min
Weekly Tax Tips for Business People #3
1) Consider switching from the accrual method to the cash method of accounting if you meet the qualifications! Under the cash method, you...
12 views0 comments
- Feb 22, 2020
- 1 min
Weekly Tax Tips for Business People #2
1) Keep repairs separate! Ordinary rep: and maintenance on business equipment and buildings are deductible business expenses....
4 views0 comments
- Dec 30, 2019
- 2 min
Weekly Tax Tips for Business People #1
Weekly Tax Tips for Business People #1
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