The President recently signed the biggest tax reform law in over 30 years. When you file your 2018 tax returns — about a year from now — your tax return will look very different. And because most changes don’t happen until then, we have some time to learn about […]Read more
Tax deductions can make all the difference when it comes to saving money for your small business. Here are some of the most overlooked tax deductions for small businesses.
Startup Expenses Deduction
It’s possible that you could deduct your startup expenses for your business such […]Read more
Tax time can be very stressful and not just for the people preparing the returns. Positive coping mechanisms are one method that people use to deal with the increased tax time stress. According to the Mayo Clinic, stress can effect you in the following ways: Headaches, muscle tension […]Read more
From being too charitable to claiming the home office deduction, beware these tax audit red flags.
1. You’re very charitable.
Be careful not to overstate your good deeds. The IRS has calculated the average donation level for each income range, so anything that […]Read more