Bye-Bye Entertainment Deduction

Bye-Bye Entertainment Deduction

I have a handful of clients who have utilized the meals and entertainment deduction over the years to treat clients and build relationships. Many are not aware that this deduction was majorly modified under the new tax laws. Prior to January 1st, 2018, businesses...
The 5 BIGGEST Small Business Tax Oversights

The 5 BIGGEST Small Business Tax Oversights

I talk to small business owners every day, this is a collection five most common areas I help them understand. Required Taxes Many small business owners often do not realize the many types of taxes that apply to their business such as Federal Income Tax, State Income...
Top 2 Missed Business Tax Deductions

Top 2 Missed Business Tax Deductions

Every year at tax time I find many small businesses overlook these two super easy deductions! #1 MILEAGE Yup, currently in 2017 you can deduct 53.5 a mile for Business mileage. Click HERE to find current rates. What is Business Mileage? Driving to post office to check...
Holiday Party Deduction

Holiday Party Deduction

Soon it will be the most wonderful time of the year. Hosting a holiday party is a great way to boost holiday spirit and employee morale. It’s even better when you can deduct the cost of the celebration. How can I deduct 100% of the cost? You read that right, you can...
The Mystical Home Office Deduction

The Mystical Home Office Deduction

Who can take this deduction? Self-Employed or Small business owners who meet the following two rules: You must use the space exclusively and on a regular basis to conduct business. You must use the space as your principle place of business. Employees who meet the two...

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