For most small business owners, the 2023 tax season is behind them. But with increased funding for the IRS to step up audits of small businesses, … Read more about How to Protect Yourself from Audit Risk
10 Ideas for Avoiding Waste
Benjamin Franklin said it best: “Waste neither time nor money, but make the best use of both. Without industry and frugality, nothing will do, and … Read more about 10 Ideas for Avoiding Waste
Multiple Businesses: Thorny Tax Traps
Today, many go-getters aren’t satisfied running one business. They pursue multiple ventures at the same time. There may be various reasons for this, … Read more about Multiple Businesses: Thorny Tax Traps
5 Things to Remember about the Home Office Deduction
The pandemic caused many small business owners to abandon their offices—and the rent for them—in favor of working from home and allowing staff to do … Read more about 5 Things to Remember about the Home Office Deduction
Working from Home Due to COVID-19: Tax Implications
If you are self-employed and conduct business from home, you may be eligible to take a home office deduction. There are strict tax rules governing … Read more about Working from Home Due to COVID-19: Tax Implications
Do’s and Don’ts for the Home Office Deduction
According to the SBA, about 50% of all businesses in the U.S. are home-based. More specifically, 60.1% of all businesses without paid employees are … Read more about Do’s and Don’ts for the Home Office Deduction
