The Quagmire of Depreciation
If you are a Small Business Owner or Self-Employed Person, there's one especially lucrative tax break that not only puts…
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Tag: Business Expenses
Cutting Down Your Trade Show Budget
Whenever a recession or volatility threatens the economy, companies immediately look at where they can cut budgets. Without much forethought,…
How To Drive The IRS Crazy
Looking for an easy way to increase your business deductions? Look no further than your driveway.
Business Expenses
Business Expenses In general, the IRS Code No. 162 allows deductions for all necessary and ordinary expenses your you incur…
Effect of Expenses
Most costs fall into three general categories: business and office expenses; salary and personal taxes; and, benefits and profit margin.…
Rearrange Your Affairs For Maximum Tax Savings
One way to maximize your business profits is by reducing your taxes. Frequently, income and other taxes could be lowered…
Reporting Your Depreciable Property
Hi Wayne: Can I ask you for one more piece of advice? (Two parter)(all on Schedule C) I bought several…
Carpe Diem — Seize The Per Diem Method (and Throw Away Your Receipts)
The mantra of tax record-keeping has remained relentlessly burdensome for decades: "No Receipt, No Deduction". But fear not, you who…
Quickbooks Question + Mileage Deductions
I have a question about payroll items and tax tracking categories in QuickBooks. I have JUST ME and I'm an…
Tax Questions Answered: eBusiness Deductions
Hi Wayne, I've had 3 CPAs all give me different answers, and a forth one flatly refuses to believe that…
