top of page
ARTICLES
Search

Can you Itemize Deductions on your Tax Returns?
If your deductions exceed your standard deduction, you can itemize. Consider deducting your mortgage interest, taxes, and medical expenses.
Mar 21

Home Office Tax Deductions: What Business Owners Need to Know
Maximize tax savings with home office deductions. We’ll help you claim them correctly, determine eligibility, and optimize your return.
Mar 7

How to Deduct Local Transportation Costs for Your Small Business
Deduct travel between business sites but not commuting. Self-employed can claim costs now; employees must wait until 2026, pending tax law.
Feb 5

When Can You Deduct Business Meals and Entertainment?
Business party food & beverages may be 100% tax-deductible! Learn the rules for deducting business meals and entertainment expenses.
Jan 15

Maximizing Tax Deductions for Business Travel: A Guide for Business Owners
Deduct business travel costs like transport, lodging, and meals (50%) if necessary, reasonable, and documented. Rules vary; get advice!
Dec 10, 2024

Deducting Vehicle-Related Expenses: What You Need to Know
TCJA limits vehicle deductions however, self-employed CAN claim work miles, while others can only claim medical, charity, & military moves.
Nov 7, 2024

Lower your Tax Bill with Year-End Tax Strategies
Plan tax-saving strategies for 2024. Maximize deductions, delay income, contribute to retirement, and donate smartly from IRAs.
Oct 9, 2024

Home Office Tax Deductions
Remote work is on the rise. Self-employed? You may qualify for tax deductions if you use your home office regularly and exclusively.
Oct 8, 2024


Year-End Tax Planning
The end of the year is fastly approaching. Here are some strategies business owners can adopt to reduce their tax bill.
Sep 10, 2024

When do Valuable Gifts to Charity Require an Appraisal?
If you donate valuable items to charity and wish to claim a tax deduction, you may need a gift appraisal. Here's what you need to know.
Jul 10, 2024

Selling an Appreciated Vacation Home - Tax Scenarios
Owning a home that has increased in value is typically beneficial. However, the federal income taxes owed from the sale can be complex.
Jul 2, 2024


Keys to Less Painful IRS Audits - With Case Study
Thorough record-keeping and legitimate business expenditures are very important for less painful IRS audits.
Apr 17, 2024


Tax Rules for Vacation Rental Properties
Are you purchasing a vacation rental house or already own one? You might be curious about the tax implications of renting it out.
Apr 8, 2024

Take a Business Trip with your Spouse? Here’s What you Should Know about the Business Expense Write Off
As a traveling business owner with your spouse, you may consider claiming your travel expense as deductions. Discover what is deductible.
Mar 14, 2024

Build a Tax Favored Retirement with an IRA
Do you have a traditional or Roth IRA? Did you know your contributions can be used as a tax deduction? Learn how.
Mar 7, 2024

Donate to Charity Last Year? Support your Tax Claims with the Proper Documents
Did you donate to charity last year? Make sure you have the proper documentation in order to submit along with your returns.
Feb 12, 2024

Claiming Medical Expenses as Tax Deductions
Some of your medical expenses will be deductible on this year's federal income tax return. But did you know you could claim more? Read more.
Jan 22, 2024

Reduce your 2023 Tax Bill in these 4 Ways
If you’re concerned about your 2023 tax bill, here are four quick strategies that may help you trim your taxes before year end.
Dec 7, 2023

Business Vehicles & the Tax Depreciation Rules
If you operate a business vehicle, you may wonder how depreciation tax deductions are determined. Read to understand more on how to deduct.
Oct 25, 2023

Casualty Loss Tax Deductions
Before the TCJA, eligible casualty loss victims could claim a deduction on their tax returns; however now, there are restrictions. Read More
Oct 20, 2023
bottom of page