If you and your employees plan on traveling for business this year, there are multiple factors to keep in mind. Under the current tax law, certain requirements for out-of-town business travel within the United States must be met before you…
The home office tax deduction is for self-employed individuals who use part of their home exclusively for business activities. Unfortunately, W-2 employees who work from home full time are not able to take advantage of this tax deduction. Prior to…
Obtaining a six-month extension to file is relatively easy process, and there are legitimate reasons one might want to do so; however, there are also a few downsides to be aware of. If you need more time to file your…
As a small business owner, tax planning is a critical component of financial management. However, the tax code can be convoluted and challenging to navigate. As a result, it's easy to overlook deductions and credits that could significantly reduce your…
