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Setting Up a Home Office
Working from home—full time or occasionally—has become the norm for many business owners. It’s been my norm for more than 35 years. And with the ... -
5 Surprising Tax Rules Every Business Should Know
When you’re in business, you kind of assume that all of your expenses are fully deductible. But this assumption is wrong. The tax law imposes ... -
Get Ready for Federal, State, and Local Changes in 2020
To paraphrase Bob Dylan, the rules are a-changin’ and businesses should prepare for new government rules and regulations. Here are some things to look for ... -
Business and Tax Rules for Veteran Entrepreneurs
Here are some business and tax rules unique to veterans. Veterans Day, November 11, is a federal holiday that has come to be a day ... -
Unraveling Conflicting Tax Rules for Active versus Passive Business Owners
It is commonly accepted wisdom that tax rules are complicated. This belief is well supported by the conflicting tax rules that apply to business owners, ... -
When 'NOT' to Elect First-Year Expensing
The Tax Cuts and Jobs Act dramatically increased the dollar limit on first-year expensing (the Section 179 deduction) for the purchase of equipment and other ... -
New Rules for Writing Off Equipment, Vehicles, and More
The Tax Cuts and Jobs Act of 2017 made a variety of favorable changes in the rules for deducting the cost of buying certain items ... -
What the Tax Cuts and Jobs Act Means to You
On December 20, 2017, Congress passed the largest piece of tax legislation in many years. It makes dramatic changes for individuals and businesses. But it ... -
Tax Deductions for Cybersecurity
Cybersecurity describes measures you take to protect your computer and information from unauthorized access. Concerns about cybersecurity are relatively new. According to the dictionary, the ... -
Reimbursing Employees for Business Travel
If your employees go out of town on company business, likely the company is picking up the tab. From a tax perspective, there are certain ...
