Browsing Tag

tax deductions

Small Business, Corporate Tax and Reinvention Steps

Why corporate taxes are bad for the USA, (or any country) and solutions on small business savings According to the US Public Interest Research Group Education Fund, at least 362 major corporations in the United States maintained…

Don’t Forget That Business Car Deduction

There are two ways to approach your business car deduction, but make sure you keep solid records Here's how to write off optimized deductions for business vehicles. Choose the right accounting method to maximize savings:…

Summer’s Coming, Planning a Company Outing?

Now is the time to plan for a company party, office party or event, follow these 3 simple rules and deduct 100% of your next company gathering Whether it's an office party or office event here are some basic tips to impact your bottom…

Eyes Open For Depreciation & Write-Offs

Small businesses need to think strategically, as it may be a good year for equipment upgrades- take advantage of section 179 What is section 179? An IRS set of guideline for write-offs and deductions. What is the business  benefit?…

Finally! A New Home Office Tax Deduction

Take advantage of a new law for simplified home office tax deduction. There's good news for small-business owners who keep home offices and wanted to take advantage of the home office tax deduction when filing their taxes.…

Tax Deductions That Survived After 2011

Here are six provisions to help filers of 2012 returns Thanks to the passage of the American Taxpayer Relief Act of 2012 (ATRA), many tax provisions that expired in 2011 were retroactively extended (or made permanent) and are…

10 Business Tips For A Less Taxing Filing Season

Preparation, organization and forethought will ease small business challenges at Tax Time Tax filing can be daunting for any small business but it doesn’t have to be. During my tenure at the IRS I’ve recommended the…

Deducting Business Expenses

Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business is operated to make a profit. What Can I Deduct? To be deductible, a business expense must be both…

Business Tax Essentials

Business expenses, electronic filing and other IRS tips for small and medium businesses The management and mentors of Latin Business Today will be providing a weekly column of timely topics provided by the IRS. These tax tips…