From the category archives:

Taxes

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, youve been too busy to keep up with it. While the tax code allows for business related driving to [...]

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, isnt it an instant invitation to the Internal Revenue System to perform an audit?
Although this is commonly thought, it is not the case. [...]

You may work from home part time. Or, you may work from home full time, but do not make a large profit. In either case, you may not be able to consider hiring a tax professional to handle your tax planning. The question you should be asking, though, is can you afford [...]

Are you unsure that you are getting all of the small business deductions that you should be getting? If so, then consider what the top ten deductions for small business are and find out if you are applying for them.
First, the most overlooked is that of car deductions such as traveling to business meetings [...]

There are several ways to benefit from employing your child in your business. First, in order for this to happen, you must be a sole proprietor or be in a partnership where you and your spouse are the only partners. Then, if you hire and employ your children for you, you can deduct [...]

It can be difficult for anyone to keep track of the costs of telephone conversations especially in this day and age of cell phones. Yet, those that receive calls at their home regarding business, especially if you have your home office there, can easily deduct these costs as business expenses at tax time. [...]

Social Security is less than an ideal situation for most small business owners. That is because if you are self employed, then you will still need to file social security for you and your employee (you also being an employee.) That means that you have to file at twice the amount. This [...]