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Home Sweet Home Office Deductions

Home Sweet Home Office Deductions

Work from home regularly? Many people do these days. Thanks to technology, an increasing number of executives and business owners find that working from home can be just as productive as heading into the office. You can even get a tax deduction for your home office if...

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Giving Back And Your Taxes

Giving Back And Your Taxes

‘Tis the season for giving, but consider how recent tax changes affect your charitable contributions before you open your wallet. Whether your donations result in lower taxes depends on highly individualized factors. Seemingly huge tax breaks may not pan out for even...

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How Employee Theft Could Destroy Your Business

How Employee Theft Could Destroy Your Business

If you’re a business owner, you may feel that you’ve built up a sixth sense when it comes to choosing the right business partners and customers. Fraud is all around us these days, after all, and it’s important to know who to trust. But it’s not just strangers who find...

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Five IRS Audit Mistakes To Avoid

Five IRS Audit Mistakes To Avoid

The IRS audits about 1 million taxpayers each year. While the agency is understaffed, that doesn’t mean you’ll slip through the cracks. IRS software automates the selection process now by flagging returns that show abnormalities: Perhaps the return deviates from...

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Small Contractor Tax Relief: Do You Qualify?

Small Contractor Tax Relief: Do You Qualify?

If you’re a small business contractor with annual gross receipts averaging $25 million or less in the past three-year period, the recent tax changes may have given you a valuable leg up. The small contractor exemption threshold has increased for the first time since...

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Passing Down Your Family Business

Passing Down Your Family Business

If it’s the latter, emotions can further complicate matters. Family business owners are often caught without a safety net when the sons or daughters they always envisioned running the business one day are either unwilling or unable to do so. Click To...

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