Although personal income tax is fairly straightforward and simple, that of doing your own small business tax may be a bit more…challenging. If you do want to keep your own tax books and file your taxes at tax time, take this into consideration.
The best way to do so would be to invest in a quality [...]
You start out the year planning to keep a notebook in your car to write down all of your mileage when you visit clients or have to head to that important meeting. By February, you’ve been too busy to keep up with it. While the tax code allows for business related driving to be tax [...]
Can Your Software Programs Be Deductions?
The small business tax world offers many benefits. Software programs and other subscriptions that you have for your business DO apply as deductions to your business expenses.
Originally, the cost of software and other such subscriptions had to be deducted only through depreciated cost over a full three year period. Now, [...]
Plenty of people find themselves shaking in their boots when they consider whether or not to add that tax deduction of their home office to their tax return. After all, isn’t it an instant invitation to the Internal Revenue System to perform an audit?
Although this is commonly thought, it is not the case. If you [...]