Tax returns and filing instructions have been prepared for 1000's of individual clients each year.
A variety of small business tax returns are prepared each year.
Here are a few quick tips to help you reduce taxes
Open a separate business checking account. Many small business owners don't realize the complications that can arise from using their personal checking account to pay for business expenses. If business expenses are mixed in with personal expenses, the IRS may disallow them.Read more ...
|The optional standard mileage rate for the business use of an automobile is 54 cents per mile in 2016.|
Nontaxable combat pay is considered compensation
Members of the military serving in Iraq, Afghanistan, and other combat zone localities can now put money into an IRA, even if they received tax-free combat pay. Under the Heroes Earned Retirement Opportunities (HERO) Act,
|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.|