If you're a savvy entrepreneur or a small business owner running two businesses simultaneously, you're likely looking for ways to maximize your tax deductions. Fortunately,...
Investing in a franchise can be an excellent way to start a business, benefiting from an established brand, support system, and proven business model. However, beyond the operational...
Posted by Pat Raskob on 08/11/2023
After Hurricane Katrina, it became quite common for Congress to enact tax legislation that provides tax relief for victims of natural disasters. The Internal Revenue Code's (IRC)...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/19/2021
When you file your business taxes, you may be gathering information and asking yourself what is deductible and not. Income tax deductions benefit your business because they lower your...
Starting a business can be an exciting new adventure for those with an idea who wish to be self-employed. There are several things to consider, however, when you are opening...
The IRS has announced the 2020 standard mileage rates for commercial, medical, and other users of a car and the 2020 vehicle values that limit the application of specific rules to...
Posted by YourIRSTaxAdvocate.com on 02/15/2020
What a great time of year it is, the weather is starting to warm up, we have March Madness, and most important(lol) the end of the tax season. Tax season doesn’t have to be a...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
The sale of a business involves the selling of separate assets. These assets are the property held by the company that is primarily used for investments and for the usual useful business...
Posted by J.R.'S TAX SERVICE on 04/03/2019
You feel wholly free after completing your tax filing. It is like a heavy load taken off your shoulder but it is not yet time to celebrate. Tax professionals have advised taxpayers...
Posted by John Pournaras Agency on 05/30/2018