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Tax returns and filing instructions have been prepared for 1000's of individual clients each year.
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A variety of small business tax returns are prepared each year.
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Tax Tips Small Business
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Reimbursing Your Employees for Business Expenses
What method should you choose?
Attracting and keeping good employees is a goal in any business. One way to make life easier for your employees is to have an easy to use reimbursement plan. Travel, transportation, moving, and educational expenses are common reimbursable expenses. As the employer, you have the option to set up an accountable or nonaccountable reimbursement plan. Under either plan, you can deduct many of the business expenses paid to or for employees. However, the plan you choose can make a big difference to your employees.
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Small Business Quick Tip
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Like Kind Exchange
If you are disposing of property used in your business, you may want to consider a like-kind exchange to defer the taxable gain on the sale.
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Tax Tips Personal
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Did You Move This Year?
Your moving expenses may be deductible
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If you moved this year because of a change in your job location or because you started a new job, you may be able to deduct the reasonable expenses of moving household goods and personal effects to your new home. The expenses of traveling to the new home including lodging expenses, are also deductible. Meals, however, are not.
Personal Quick Tip
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Teacher Expenses
If you are a teacher who spent your own money for classroom supplies, you can take a deduction for up to $250 of those costs.