IRS Audits on Entertainment Deduction
Here’s a true tax story that you will find interesting. John Henry is engaged in an IRS audit, and he [...]
Expense Your Business Costs Using the Safe Harbor Method
For 2018, you can elect the de minimis safe harbor to expense assets costing $2,500 or less ($5,000 with audited [...]
S Corporation and Health Insurance
You and your S corporation continue to enjoy good news in 2018 when it comes to your health insurance. And [...]
Deduct Business Mileage by Setting Up a Home Office
The IRS gives you two possible strategies for turning otherwise personal mileage into business mileage: Going to a temporary work [...]
What You Need to Know About the Kiddie Tax
When it comes to college planning, our lawmakers created some real traps. One big trap is the kiddie tax. This [...]
Never Run Out of Small Business Content Ideas
Years ago when you first dreamed of having your own business, it might never have occurred to you that you’d [...]
Save Money by Buying Antiques
Here’s a good business rule to follow: buy low and sell high. That’s good, but the three-step process below is [...]
How the IRS Can Use Form 1099-K to Audit Your Business
Form 1099-K reports credit card sales to the IRS and also gives the IRS another audit weapon. The rules have [...]
Changing Course? Follow These Guidelines
Changing an organization’s direction is difficult, but sometimes it’s necessary. Whether your company has two employees or 20, pay attention [...]
Writer’s Block?
Vanquish it with these tips! Writers of all kinds sometimes fall prey to blocks. Whether you’re writing a book, a [...]