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The question of whether to purchase or lease vehicles never comes with a cut-and-dried solution; there are too many gray areas. Here, we will concentrate on vehicles used for business purposes, not those strictly for personal use. Read More »
If you are approaching retirement age, you’ve probably spent a fair amount of time thinking about and planning what you want to do when you get there. Some seniors will be happy with the traditional preconceived notions of gardening, fishing, playing golf and traveling, but, for many others “The Golden Years” are an opportunity to implement some of the ideas they’ve kept on a back-burner for years. Often, this translates into turning a hobby or avocation into a full-fledged business. Read More »
If you’re a small business owner, the one thing that haunts you even more than actually doing your taxes is the fear of being audited. Audit anxiety doesn’t just apply to the taxpayer with something to hide, it is an equal-opportunity concern. No one likes the idea of “the man” going over every figure, receipt and deduction with a bright light and a fine-toothed comb. So, is there anything you can do to reduce your chances of an IRS audit? Try these seven tips to help keep the tax man away. Read More »
In the last post, we talked about some common tax deductions for a small business. Today, let’s look at a few that aren’t as obvious. Deductions vary for every business and allowable deductions can change from one year to the next. For this reason, its very important to always make sure you are using up-to-date tax software or a professional accountant to find all the deductions you are entitled to for your small business. Read More »
It’s here– tax season is upon us. If you are like most businesses, there is one word swirling through your mind these days– deductions! We are all looking for as many deductions as possible to reduce the amount of our hard-earned dollars we need to hand over to Uncle Sam. Small businesses have plenty of deductions available to them. So, dig out your receipts and let’s see what you can save. Read More »
