I was just reminded of this great idea, so I’m sharing it. One we, as a business, don’t fully employ- because we want to decide over the course of the year whether an item is worth more to us as a deduction this year or next.
Continue reading Write it off!
So, you’ve decided. You ARE going to start your new business. You are on your way to hiring folks, offering your services and products. Exciting times.
Continue reading Startup Costs?
I am sure you are all knee-deep into arranging all your receipts (I am sure that it’s not just my clients that use shoe boxes or banker’s boxes) since taxes are due (corporate/partnership/trust due in 39 days, individuals in 73 days), here are a few hints if you are involved in a business (that means you make a profit 3 out of 5 years- otherwise the IRS considers it a hobby).
Continue reading Business filers- don’t forget these travel deductions
