Are You Ready to File (or Extend) Your 2024 Personal Return?
Tax season officially started on January 27. Many people procrastinate filing their returns — or...
Posts about
business deductions
Small Businesses: 5 Last-Minute Tax Breaks to Consider for 2024
The deadlines for filing 2024 tax returns (or extensions) are fast approaching. Has your small...
Dispelling 10 Federal Tax Myths and Misconceptions
In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and...
Ready, Set, File: 8 Tax Deductions You Might Not Know About
Years ago, many taxpayers itemized deductions instead of claiming the standard deduction. But fewer...
Refresher on First-Year Section 179 Depreciation Deductions
Internal Revenue Code Section 179 potentially allows significant first-year depreciation deductions...
Company Holiday Parties: Celebrate the Tax Breaks
Are the costs of holiday parties tax deductible? Despite a recent crackdown on business...
Business Owners: Failure to Substantiate Donations Can Be Costly
Charitable donations can provide businesses with significant tax savings. But for gifts over a...
Updated Guidance on Business Vehicle Depreciation
The rules for deducting depreciation expenses on vehicles used for business purposes have been...
Deductions for Temporary Out-of-Town Work Assignments
The general rule for out-of-town business travel expenses is that you can deduct them as long as...