Tax Deduction Expenses: Car Tax Deduction

Many people that operate their own business or think of starting a business ask the question, can I take a car tax deduction on my tax returns.  The answer would be yes even for sales tax on car purchases, if you use your vehicle in your company or business, but only for that purpose.  You [...]

Business Tax Deductions: List of Tax Deductions

Tax Tips: Dirty Dozen – February 2010 Many people in a trade or business usually wonder about a list of tax deductions.  What can I deduct and what is allowed.  The most important is the expenses you incur in operating a trade or business as long as it is operated to make a profit.  An [...]

Tax Deductible Expenses

How many people really know which type of expenses they may use on their tax returns for tax deductible expenses?  Many itemize their tax deductible expenses may only know a small amount of numberous tax deductions that are allowed by the IRS.  For the average household with no assets to deduct this may not matter, [...]

Home Office Deduction

Home Office Deduction  I do have some experience in writing about home office deduction for small businesses.  We are a small business and work out of our home.  When filing your taxes and claiming a home office deduction the space must be exclusively for your business.  We have consulted with our accountant on which items [...]

Overlooked Tax Deductions

Owning your own business is one secret in your favor when it comes to tax laws, it’s to your advantage.  As a business owner, there are hundreds of deductions that are available.  Some business owners are not aware of the various tax deductions that are allowed.       Hire a professional to review your tax [...]

Tax Deductions for Businesses

TAX TIME IS HERE Tax time is right around the corner for individuals, small business owners and corporations.  All are looking for any type of tax break they can deduct out of the thousands of pages of the federal tax codes.  Many are going through their income and expenses to see where their bottom line [...]

Forming a Business

When people are out of work or tired of their existing job they consider forming their own business.  Which type of business structure and what to sell or service to offer is the big question.  First decide what you are interested in and what type of experience you may have.  Second is which form of [...]