How to Handle Vehicle Costs on Your Tax Return Each Year the IRS determines standard mileage rates that taxpayers can use to deduct vehicle expenses incurred for work, for medical reasons, or in the service of a qualifying charity. The standard mileage is a simple way...
Keeping Your Small Business Deductions Legitimate Every dollar counts when you are working for yourself as an independent contractor or small business owner. At tax time, you will want to minimize your taxable income as much as possible by deducting eligible business...
COVID 19 has turned the world upside down and affected just about every aspect of our lives. Here are a few important pieces of information to know about your 2019 taxes as a result of the pandemic. Though we are taking the mandated steps to avoid spreading the virus,...
Each year we prepare hundreds of tax returns on behalf of clients and have noticed that it doesn’t take much complicate your tax return. Filing your tax return can be simple for many people who have only employment income and a handful of expenses to report. But it...
Easy Tips to Organize Your Expenses If you are like every other small business owner out there, you probably started the year off with good intentions of keeping your paperwork and expenses better organized this year. After all, you remember how painful dealing with...
