How Small Businesses Write Off Equipment Purchases
From time to time, an owner of a small business will purchase equipment, office furnishings, vehicles, computer systems and other items for use in the business.
2018 Standard Mileage Rates Announced
As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2018 optional standard mileage rates used to calculate the deduct
Will Your 2018 Withholding Be Right?
One of the first trouble spots of the new tax reform is the W-2 withholding for 2018. Passage of the new law in late December hasn’t given the IRS much ti
New Tax Law Cracks Down on Home Mortgage Interest
For years, taxpayers have been able to deduct home mortgage interest on their primary and second homes as an itemized deduction, subject to certain limitations.
Medical Deductions & The New Tax Law
The Act’s final version retained the itemized deduction for medical expenses even though the original House version would have done away with this deducti
9 Best Ways to Start a Business Budget to Spur and Guide Growth
Building a business is a process that requires careful attention to many individual points, all with the goal of increasing customers, improving products, and b
Tax Reform Central: All About the Tax Cuts and Jobs Act
After over 30 years of little changes to the tax code, the “Tax Cuts and Jobs Act” (H.R. 1) delivered a major change to the law for 2018. The change
If You Owe the IRS a Lot of Money, You May Not Want to Plan Any Out-of-the-Country Trips
As promised several months back, the IRS has begun to crack down on seriously delinquent taxpayers. A law passed on Dec. 4, 2015, requires the IRS to notify the
QuickBooks Tip: Tracking Time in QuickBooks
If your company sells services, you can track the time spent providing them in QuickBooks.
It’s Tax Time! Plan Ahead For Your Appointment
If youâre like most taxpayers, you find yourself with an ominous stack of âhomeworkâ around TAX TIME! Unfortunately, the job of pulling together the recor