Where is Your Tax Home?

If your job requires you to travel from time to time, some of the expenses that you incur while traveling away from home may be entitled to tax deductions. In…

Bookkeeping and Accounting for Starters

At the outset, startups and new businesses have to operate with limited resources, sometimes making difficult choices between operational outlays and administrative needs. However, no matter how strapped you are…

Getting Started with Your Very Own Business Venture

A great start-up business always starts out as an idea, but you have to transform that idea into action. That’s where many individuals can start to feel overwhelmed. It’s understandable…

Know What Kind of Documents are Needed When Claiming Business Travel Expenses

It is clear that taxpayers can deduct regular travel expenses when the trip is entirely business related. Additionally, if the taxpayer is on a domestic business trip and made personal…

Visiting Your Dream Destination While Winning the Audit: Here’s How You Do It

Taking a trip to the destination of your dreams sounds fun, but nothing is more fun that taking a trip while winning the resulting audit at the same time. Yes,…

How Important is Recordkeeping in Claiming Your Deductible Business Expenses?

What sets a stress-free business owner apart from a stressed-out one during tax time? Records. Some may think that records are nothing more than pieces of papers, but when it…

Dining, Drinking, Merrymaking—Know When Your Entertainment Expenses are Deductible

Dining, Drinking, Merrymaking—Know When Your Entertainment Expenses are Deductible

Business isn’t always about the dull stuff. In fact entertainment is a part and parcel of most businesses, and the good news is that most entertainment expenses are actually deductible….

How to Effectively Manage Business Risks

Risks are normal in any business. Even the most successful businesses today had to deal with certain threats in the past that almost laid their success on the line. Sometimes,…

Employment Matters: The Difference Between Contractors and Employees

When there’s extra work that needs to get done and there are no sufficient employees to do the job, companies usually hire more workers to keep up with the customer…

How to Simplify Business Taxes

If the only purpose of the tax system is to raise the government’s revenue, it could have been simpler. Unfortunately, its goals include ensuring efficiency, fairness and enforceability, influencing social…