Tips to Avoid IRS Audit for Small Business
Let’s face it - nobody wishes for extra attention from the IRS. Most of us probably wish they’d forget we [...]
Turn Your Home Office Expenses Into Tax Deductions
You likely know that the home-office tax deduction provides tax savings to business owners. It turns otherwise nondeductible personal expenses [...]
New Health Insurance Rules for Small Businesses
Finally, the health insurance rules that apply to small businesses make more sense and allow some benefits. Beginning January 1, [...]
Getting Rid of IRS Interest and Penalties
Owing taxes isn’t fun and the IRS has a unique talent for making it even worse by tacking on interest [...]
Tax Rules for Deducting Your SUV as a Business Expense
You can reap major tax savings with the heavy vehicle and home-office combo. The heavy vehicle produces quick deductions. The [...]
How to Deduct Business Travel Expenses
When it comes to travel expenses related to your business, the IRS allows you to deduct two types: local and [...]
Which Authority Does the IRS Follow?
As you know, we are on your side. We're bringing this up because we want you to know that if [...]
Buy & Sell Agreement: Protect Your Business
If you are buying a business that will include more than one co-owner, you need a buy-sell agreement—period. You have [...]
Can You Deduct Related Party Losses?
Here’s a tax rule that can make you unhappy. If you sell property to a related party, you may not [...]
Deductible Back-To-School Expense
Parents: Some of your back to-school expenses might actually be tax deductible. For example, if you make annual donations to [...]