Tax Deductions

Are These Tax Deduction Mistakes Costing Your Small Business Money?

Are you throwing away money due to tax deduction mistakes? Doing your small business taxes is never a pleasant experience (well, it may be if you’re an accountant). This year’s taxes could be even more nerve-racking than normal since the Tax Cuts and Jobs Acts (TCJA), which took effect in January 2018, made some substantial …

Are These Tax Deduction Mistakes Costing Your Small Business Money? Read More »

Owe The IRS Money This Year? Know Your Options

Owe The IRS Money This Year? Know Your Options For some taxpayers, tax season means a consistent refund. However, for C-suite executives and business owners who have to write a check to the government, tax season represents dealing with changing uncertainty.  Uncertainty because changing tax rules have made previous deductions (entertainment deduction) obsolete and slashed …

Owe The IRS Money This Year? Know Your Options Read More »

Digital Marketing Activities That Are 100% Deductible

Digital Marketing Activities That Are 100% Deductible Digital marketing professionals have a lot of opportunities to lower their tax obligations through qualified expense deductions. That is because, as they are performing marketing duties and growing their business, they are incurring necessary business operating expenses. A variety of digital marketing activities are 100% deductible, including: contractor …

Digital Marketing Activities That Are 100% Deductible Read More »

Is Your Child Ready for a Paycheck? Hire Your Kids and Get a Tax Break

Children can be difficult, but they all become worth the trouble at tax season. From tax deductions to credits, there are many tax codes designed to lighten the burden for parents. If you own a business, there is another way to save big using your children: by paying them and then writing off the expenses. …

Is Your Child Ready for a Paycheck? Hire Your Kids and Get a Tax Break Read More »