If your sole proprietorship or contract work business is booming and you can barely keep up, it may be time to hire your own employees. Once your business decides to hire its own...
So, you have finally retired and are all set to sit back and relax when you are suddenly slapped with a tax return form. Managing taxes with a fixed income in retirement can be quite...
The US tax system is continuously growing as the government is constantly adding new rules to close loopholes and increase tax revenues. Yet, there remain many strategies people can...
When it comes to tax season, self-employed individuals often envy their employed relatives and friends, wishing they could mechanically input data in a W-2 form and be done with their...
What Is A Business Expense?
Business expenses are those vital purchases and expenditures you must make when owning and operating a business. Due to the fact that these are...
Under the IRS rules, a taxpayer is allowed to deduct expenses related to business use of a home, but only if the space is used “exclusively” on a “regular basis”....