One thing is certain besides taxes….you probably will want to stay on IRS’s good side! Here are some common items you may come upon this tax season. These are a few terrible tax surprises and how to handle them! Alimony Collected Now that you made it through the divorce you will also have to accept […]
Business Tax Preparation
Tax Time! Time to File your Taxes!
It’s that time of the year again! People need to start thinking about their taxes. Wednesday, January 30th marks the beginning of tax season for 2013. The IRS had originally planned for tax season to begin on January 22nd, but the fiscal cliff debate pushed the start date back. Everyone needs to start organizing and preparing […]
IRS Releases 2013 Refund Information as Tax Season Approaches
Though the holidays are currently in full swing tax season is lurking around the corner. The IRS has just alerted the public that they expect refunds to be processed as quickly in 2013 as they were in 2012. In 2012, 90% of taxpayers received refunds in less than 21 days. The amount of the average […]
How to Deduct Business Travel: Part 2
You’ve traveled for business, and now it is time to figure out your business travel deductions. What is “ordinary and necessary” and can be deducted on your business tax return? Transportation Flight, train, and car travel to and from the convention or meeting is deductible. Travel by boat, such as an ocean liner or cruise […]
How to Deduct Business Travel: Part 1
If you’ve traveled for a conference or visited a client, what can you deduct as costs for your business? Here are some tips to help you separate your personal and business travel expenses, so your business tax preparation will not be hampered by what to count. The purpose of the trip must be primarily business […]