If you own fixed property that is legally under your name or your businesses name, you may be subject to real estate tax. Find out how to calculate your tax bill!
Tax extensions are available to request an automatic 6 month extension for filing purposes. To be understand, read more here.
Purchasing mortgage insurance can be a deductible expense. To find out if your mortgage insurance is deductible read more here.
If you pass the substantial presence test, you will be considered a U.S. resident for tax purposes and would be subject to taxation in the United States.
Office space may be deductible. To find out if your office, building, home office or coworking space is eligible read more here.
Tax preparation fees are usually deductible. Find out what tax preparation fees are eligible for deductions. Read more here.
The Section 179 deduction allows you to fully deduct certain qualifying property in the year purchased. To better understand, read more here.
Purchasing books, magazines and subscriptions for business purposes can be deductible come tax time. To better understand, read more here.
If you have incurred office expenses like printing and postage, you may be eligible for deductions. To see if your office expenses can be deducted read on.
Credit card and merchant fees are sometimes deductible on your taxes. To find out more, and how to ensure you qualify, read here.
As a business owner, you may be eligible to deduct repair and maintenance expenses you incur in the course of operating your business.
Everything you need to know about tax form 1099s and the major differences. As a business, it's important to issue these properly. Read more here.
The list below covers a handful of deductions that generally will not be allowed or eligible. To view this list click here.
Adobe Creative Suite and other tools designers use for their business are tax deductible with the software and online subscription tax deductions.
Despite the tax benefits of hiring a contractor, you should carefully consider how the people you hire should be classified. Read how this can affect you.
If you contribute to a traditional IRA you could be eligible for deductions come tax filing time. Read more on how to be eligible here.
Know the difference between business expenses and personal expenses. By knowing the difference you can get the most from your tax return.
If you paid personal property taxes last year you may be eligible to deduct the payments you made on your tax return. Read more here.
Commissions paid are generally fully deductible business expenses. Find out how much of a deduction your line of business can receive.
Collecting debts owed can come at a collection expense. These expenses will generally be deductible. Read more here.
Donating to charity can actually save you money on taxes, aside from giving you personal joy. Read more on information about deducting charitable donations.
As an entrepreneur you may be able to benefit from deducting appraisal costs. By keeping track of appraisal expenses, you can save time come tax time.
Depending on how you rent your property, you can technically be considered a host or a landlord. These classifications have different deductions.
You may be eligible to deduct auto expenses if you use a vehicle for your business. Ensure that actual vehicle expense deduction is right for you.
Most businesses will incur some sort of legal and professional expense during a given year. This shouldn't be overlooked! Read more here.
Not all casualty and theft losses are deductible. If you incur a casualty or theft loss, you need to know how to proceed. Read on here for more information.
In certain circumstances, a bad debt expense can be fully deductible. Read how this may apply to the industry you are in.
If you're engaged in rental activities, there are numerous deductions available to you. Understand what your Operating Expenses are, click here.
A standard deduction is a fixed dollar amount defined by the IRS that varies based on your filing status. Here's what to know about standard deductions.
Dental and Medical expenses are deductible on your tax return. Read more to see what medical and dental expenses can be included.
Costs incurred to receive supplies and send products to customers are most likely deductible. Find out more about freight and shipping cost deductions here.
As a business owner you are allowed to deduct certain business gift costs, subject to limitations of course. Learn how to deduct business gifts.
Business owners entertain customers, employees and clients over meals every now and then. Meals may be deductible as a business expense. Read more.
Health insurance premiums you pay for yourself and your family may deductible. Here's what you should know about self employed health insurance deductions.
If you travel for a convention, seminar or trade show, you may be able to deduct certain things. Ex. Sometimes travel, food, lodging and the event itself.
The fees your bank may charge including but not limited to wire transfer fees, check fees, overdraft fees, and service charges can be deductible.
Business owners that own vehicle for business purposes are able to deduct the cost / value over a 5 year period through depreciation. Read more here.
If you engaged in rental activities, knowing whether or not your rental income is passive or active will affect how much you're able to deduct.