Taxes Articles

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    Want to Avoid an Audit? Make Sure Your Home Office Is IRS Compliant

    by on May 14, 2015

    The home office deduction is a tax benefit granted to small business owners who use part of their home for business purposes and meet IRS requirements. Deductible expenses that qualify under the home office deduction include everything from repairs, to mortgag…

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    How to Write Off a Vacation on Your Taxes

    by on May 8, 2015

    Are you longing to spend some time on a sun-soaked beach, but can’t afford the expense? If done properly, the IRS allows business owners to write off some aspects of their vacation expenses, even if the trip isn’t used solely for business purposes. Here are th…

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    What Happens When Your Business Owes the IRS Money?

    by on April 14, 2015

    In a perfect world, everyone would qualify for a refund come tax season. Unfortunately, small businesses frequently owe the Internal Revenue Service (IRS) money at the end of the fiscal year. And while it’s understandable that an entrepreneur may struggle to…

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    S Corporation Owners: Avoid These Tax Traps

    by on April 13, 2015

    S corporation owners enjoy limited personal liability and a beneficial pass-through tax structure. However, they also face unique tax restrictions that don’t apply to other business entities. Here are some S corporation tax no-nos to avoid to stay on good term…

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    9 Tax Scams That Could Hurt Your Business in 2015

    by on April 1, 2015

    The IRS recently released its list of tax scams for 2015, nine of which have implications for small-business owners. Be on guard against these scams this tax season.
    1. Phone Scams
    If your business receives an aggressive and threatening phone call from someo…

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    5 Mobile Apps for Tax Season

    by on March 3, 2015

    Mobile apps seem to make everything easier, don’t they? With tax time upon us, let’s look at some of the mobile apps that can help you save time filing your taxes and finding the financial resources you need for your business.
    TurboTax Mobile App
    If you’ve …

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    What You Can and Can’t Write Off With Business Travel

    by on February 26, 2015

    For many small business owners, traveling a few times a year (or even as often as every week) is a necessity. Fortunately, you can deduct many of your business expenses on your taxes. Knowing which are and aren’t eligible for write-off can save you a lot of he…

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    5 Major Small Business Tax Mistakes to Avoid

    by on February 25, 2015

    Taxes are a challenge for many small business owners. What’s tax-deductible? What would cause the IRS to audit you? With so much going on in your world, it’s easy to make mistakes with your small business return. Here are some of the biggest issues that tax pr…

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