Business Start-Up Tax Deductions: What Expenses Can You Write Off?
Dear Future Business Owner: Starting or buying a business often requires significant spending before the business officially opens. Fortunately, the tax law allows you to deduct at least some of these costs instead of waiting until you sell the business to receive a tax benefit. In general, you may deduct up to $5,000 in qualifying […]
Bookkeeping for small businesses | Why is it important?
Bookkeeping for small businesses – small business bookkeeping can help your business in more ways than just keeping proper financial records. Read this article to learn more about how small business bookkeeping can help you get ahead!
The Advantages of Accountable Plans
Employees often incur business expenses such as travel, business use of their homes, telephone, meals and auto expenses, in the course of their job. Some or all of these expenses may be reimbursed by their employers. There are strict tax rules concerning what qualifies as a legitimate reimbursement and what is considered additional compensation. Under […]