Top Tax Write-Offs That Could Get You in Trouble with the IRS

From travel expenses to paying wages to family members, there's no limit to what people will try to write off at tax time for the sake of their business. But where do you draw the line? Which write-offs you're trying to write off go too far?

5 Tax Deductions Small Businesses Shouldn’t Fear Taking

Every tax-filing season, most Americans go on a quest to find as many tax deductions as possible. At the same time, many small business owners and independent contractors leave money on the table because they fear that certain tax deductions will draw the attention of auditors.

Tax Tips & Deductions for Food Truck Owners

Do you serve up hot subs, fresh salads, and sweet treats around town in your decked-out food truck? If so, you’re part of the...

Home Office Deduction Changes for 2013

If you use your home for business, there are expenses you can deduct on your tax return. The home office deduction is available to both home owners & renters alike. The home must be used by a self-employed individual or an employee who works from home for his employer's convenience.

6 Tips for Taxpayers Starting a New Business

Anyone starting a new business should be aware of his or her federal tax responsibilities. Here are several things you should know if you plan on opening a new business this year.

Sales Tax Non-Compliance: What’s Your Exposure?

An entrepreneur’s dream is to start her own business and witness it grow. First, she wants to see it grow locally. And then, she...

2015 Midyear Tax Tips: What Tax Moves to Make Now

While it may seem like New Year's Day was just the other day with the giant ball falling in Times Square, we're already halfway...

Revenues and Profits Are Not the Same

You can't assume an increase in revenues leads to increased profits. Sometimes an increase in revenues has no effect or a negative effect on profits.

Why You Shouldn’t Do Your Own Bookkeeping

Having to deal with bookkeeping matters will mean that your focus will be pulled away from more important things like acquiring new customers and getting your company name out there.

How Can Your IRS Tax Refund Benefit Your Small Business?

If you filed your taxes with the IRS on time this year and were due back money in the form of a tax refund, there's a good chance you have received that refund check by now—either via direct-deposit or in your mailbox.

Most Popular