Business Deductions
-
Getting a new business off the ground: How start-up expenses are handled on your tax return
Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020 through June 2021,…
Read More: Getting a new business off the ground: How start-up expenses are handled on your tax return -
Recordkeeping DOs and DON’Ts for business meal and vehicle expenses
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or…
Read More: Recordkeeping DOs and DON’Ts for business meal and vehicle expenses -
Launching a small business? Here are some tax considerations
While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Many of these people start…
Read More: Launching a small business? Here are some tax considerations -
If you run a business from home, you could qualify for home office deductions
During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there,…
Read More: If you run a business from home, you could qualify for home office deductions -
New law doubles business meal deductions and makes favorable PPP loan changes
The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic. It also contains…
Read More: New law doubles business meal deductions and makes favorable PPP loan changes -
Drive more savings to your business with the heavy SUV tax break
Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in mind. A cap on deductions.…
Read More: Drive more savings to your business with the heavy SUV tax break
Stay current on weekly blogs by following our social media posts on LinkedIn, Facebook, and Twitter.