Tax Savings for Rewarding Your Employees
There’s really nothing more valuable to a business than good employees, particularly those who stick with you for years and [...]
Tax Savings Plan for Your Child’s College Education
Funding your retirement and paying your child’s college education are two of the biggest financial challenges you’ll face in your [...]
Business Mileage Deduction
When it comes to your tax records, there’s one record that you really should keep, and it’s easily overlooked. It’s [...]
Buying a Business? Tax Planning for Noncompete Agreement
When you buy a business, you probably don’t want the former owners competing with you—at least not for a while. [...]
IRS to Limit Passport for Unpaid Taxes
As you know, whether traveling for business or pleasure, you need a valid passport for most trips outside the United [...]
Offer in Compromise
Do you owe Uncle Sam more than you can pay? Perhaps for this tax year, prior tax years, or a combination [...]
Renting Your Home to a Corporation
Here are answers to six questions I’ve gotten about the big tax benefits of renting your personal residence to your [...]
Trading or Selling Your Old Business Vehicle
Since you report your business income and expenses on Form 1040, Schedule C, you have a unique tax-planning possibility when [...]
Tax Audit Tips for Travel, Entertainment, and Education
We have a question that you likely do not want to hear: how would your travel, entertainment and education tax [...]
Misclassifying W2 Workers As 1099 Contractors
One potential business tax reduction strategy is to hire independent contractors instead of employees. If a worker’s classification fits within [...]