Tax record retentionHow Long Should You Keep Business Tax Records?

Do you have boxes full of old tax records?  You’re probably thinking of trashing those old records come spring cleaning time. continue reading→

health insurance tax creditTake Advantage of the Small Business Health Care Tax Credit

Interested in a tax credit for up to 50% of the cost of your small business health insurance premiums? continue reading→

business expense deductions5 Things You Need to Know About Deducting Business Entertainment Expenses

Deductions for business entertainment expenses can be confusing and are often audited. So before you start booking a “business” vacation in the Bahamas… continue reading→

small-business-tax-planning-(2)Find Taxes Inordinantly Taxing? Take These Steps to Make it Easier

When asked to name the one aspect of their business they find least appealing, business owners invariably choose ‘taxes’; not just paying them, but everything that goes along with them… continue reading→

home-office-tax-deductions-(2)What Are the Most Common Home Office Tax Deduction Mistakes?

The home office tax deduction is a special deduction offered to self-employed individuals or employees who use their home for business.  In order to claim a deduction an individual must use part of his/her home as a business office… continue reading→

small-business-health-care-tax-credit-(2)How Does the Small Business Health Care Tax Credit Work?

Are you taking advantage of the Small Business Health Care Tax Credit?  This tax credit was first instituted in 2010 and set to continue until 2013.  A new, more advantageous, version of the credit will be available in 2014… continue reading→

IRS Form 1099KWhat is a Form 1099K?

Form 1099K is the IRS’ way of tracking payments made through third-party credit card processers and payment systems like PayPal, Amazon & Google. These are relatively new forms and it’s important to make certain that you… continue reading→

small-business-auto-deductionsDeducting Business Auto Expenses

Running a business keeps you very busy, which is why some kinds of necessary tax documentation tends to be inadequate or get lost easily.  Business auto expenses are one area that is an important deduction… continue reading→

The-words-Moving-Day-and-a-date-circled-on-a-calendar-with-a-redTax Deductible Moving Expenses

If you’re moving because of a job change, some of that expense may be tax deductible continue reading→