IRS Audits on Entertainment Deduction
Here’s a true tax story that you will find interesting. John Henry is engaged in an IRS audit, and he [...]
Expense Your Business Costs Using the Safe Harbor Method
For 2018, you can elect the de minimis safe harbor to expense assets costing $2,500 or less ($5,000 with audited [...]
S Corporation and Health Insurance
You and your S corporation continue to enjoy good news in 2018 when it comes to your health insurance. And [...]
The 10% Solution: Painless Retirement Savings for All
Many people insist they simply can’t save for retirement. They say that by the time they receive their paycheck, the [...]
Reject Rejection and Aim High
Businesswoman and author Deborah Rosado Shaw rose from poverty to create a multi million dollar umbrella-making business. A native of [...]
Deduct Business Mileage by Setting Up a Home Office
The IRS gives you two possible strategies for turning otherwise personal mileage into business mileage: Going to a temporary work [...]
What You Need to Know About the Kiddie Tax
When it comes to college planning, our lawmakers created some real traps. One big trap is the kiddie tax. This [...]