Tag: tax deductions

10 Tips for Organizing Your Home Office

Last Updated: Apr 9, 2018A disorganized office makes you less productive and can contribute to stress. Even if you don’t consider yourself a “neat freak,” getting organized can really pay off. These 10 tips can help you organize your home office. Does your home office look like a picture of beauty—maybe something that belongs on […]

Depreciation Changes in the Tax Hike Prevention Act

The Tax Hike Prevention Act passed in late December of 2010 extended many “Bush era” tax rates that were set to expire in 2010 and reinstated some tax deductions and credits that had expired in 2009.  Today, I’ll review two changes included in the Tax Hike Prevention Act that will allow your business to write […]

Cars, Homes & Tax Deductions

The economic drought has stunted many nonprofits’ ability to serve their communities – just when their services are most needed.  As traditional donation streams dry up, charities are reeling to uncover new revenue springs.  One example of a creative, business-like solution has been Habitat for Humanity’s Cars for Homes Program.  This program allows for the […]

Depreciation Changes in the Tax Hike Prevention Act

The Tax Hike Prevention Act passed in late December of 2010 extended many “Bush era” tax rates that were set to expire in 2010 and reinstated some tax deductions and credits that had expired in 2009.  Today, I’ll review two changes included in the Tax Hike Prevention Act that will allow your business to write […]

Lower Your Business Taxes

Tax Deductions A tax deduction (tax write-off) is an expense that a business owner is entitled to subtract from their gross income, resulting in lowering their taxable income (the amount on which they are taxed on.) There are three types of deductions in tax return: personal, business and investment deductions. Business deductions are based on […]

Lower Your Business Taxes

Tax Deductions A tax deduction (tax write-off) is an expense that a business owner is entitled to subtract from their gross income, resulting in lowering their taxable income (the amount on which they are taxed on.) There are three types of deductions in tax return: personal, business and investment deductions. Business deductions are based on […]

Business Expenses and Tax Deduction

Business Expenses – What Expenses are Tax-Deductible? The more business expenses you legitimately deduct, the lower your taxable income will be. Here is a summary of business expenses that you may deduct to lower taxable profit. Business ExpensesExpenses to Run BusinessAuto Expenses (Cars and Trucks)Legal and Professional ServicesCommissions and FeesTravel ExpensesMeals and EntertainmentEducation ExpensesTaxes and […]

Business Expenses and Tax Deduction

Business Expenses – What Expenses are Tax-Deductible? The more business expenses you legitimately deduct, the lower your taxable income will be. Here is a summary of business expenses that you may deduct to lower taxable profit. Business ExpensesExpenses to Run BusinessAuto Expenses (Cars and Trucks)Legal and Professional ServicesCommissions and FeesTravel ExpensesMeals and EntertainmentEducation ExpensesTaxes and […]