Sometimes we take it for granted but the truth is that the more tax deductions you can legitimately get, the lower your taxable profit will be. So, the goal should be to get as many...
If you operate a small business and have the need to control and manage every small detail of that business, you may be inclined to do your business taxes by yourself, without the...
Posted by James Wells EA MBA Tax Office on 01/06/2016
Tax deductions can prove to be very beneficial for your small business setup. Not only do they put extra money in your pocket every year, but they also provide you various personal...
Whether you are self-employed already or thinking about going down the independent route, an important consideration of this status is how to lower your taxes. Granted, this is an...
Posted by BHATIA & CO, INC, CPAs on 11/19/2015
Rental income An owner of a rental property is eligible for tax deduction from the earnings of gross rent provided the owner makes the following expenses in the current fiscal year....
Posted by ERNIE BUSTAMANTE on 10/30/2015
Considered as one of America’s greatest crimes, senior financial fraud has left both the elderly and their children worried. A recent survey found that people in America,...
Top 20 things that you can deduct from your taxes As soon as it is time to file your tax returns, your face changes color and you grumble and mutter to yourself while filling...
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”....
Posted by East Harlem Tax Service on 05/23/2015