Jun.28, 2022
Vehicle expenses: Can individual taxpayers deduct them?
It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also can deduct them...
Jun.21, 2022
Establish a Tax-Favored Retirement Plan
If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement...
Jun.13, 2022
Standard Mileage Rates Increase
As gas prices continue to soar, the Internal Revenue Service (IRS) announced on June 9 an increase in the optional stand...
May.3, 2022
Want to turn a hobby into a business? Watch out for the tax rules
Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if y...
Apr.20, 2022
Thinking about converting your home into a rental property?
In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re th...
Feb.14, 2022
Keeping Meticulous Records is the Key to Tax Deductions and Painless IRS Audits
If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. ...