Wouldn’t it be great to be able to take a tax deduction for your vacation? Combine vacation with a business trip and maybe you can. But, for expenses to be tax deductible, they must meet certain requirements. It’s a good idea to know what those requirements are before you plan your travel. Add It on […]
Archives for October 2017
What to do Before You Start Your Business
Are you interested in starting a new business? Make sure you do plenty of research and have a firm business plan ready before you take the plunge. Making the Transition If you have signed a noncompete or confidentiality agreement with your current employer, review it carefully to […]
ARE YOU PROTECTING YOURSELF FROM TAX IDENTITY THEFT?
The IRS has thwarted some identity theft attempts, but thieves are still stealing billions of dollars every year from taxpayers. Another annual income tax deadline has come and gone. Maybe you had to pay in, but perhaps you were owed a refund. If the latter is true, did you receive it? A lot of taxpayers […]
Understanding the Home Office Deduction
The home office deduction has the potential to be a wonderful money-saving option for business owners operating from an office in their house, apartment, or other residence, but you have to first make certain you qualify for it. The IRS is quite specific about which businesses meet the requirements, so it pays to fully understand […]