Looking for ways to reduce your overall tax burden for the current year? If you’re a business owner with a calendar tax year, consider paying bills now before the new year. This includes the electric bill, phone bill, rent, health insurance and employee bonuses. Don’t forget about office supplies and small equipment that you might need – year-end sales provide great savings and if you pay by year end, you can claim the tax deduction for this year.
Still confused about the business expense deduction for meals and entertainment under the Tax Cuts and Jobs Act (TCJA)? In the months following the new law, taxpayers and tax professionals alike weren’t sure what the new limits and restrictions would mean for businesses. In October of 2018, the Internal Revenue Service (IRS) offered transitional guidance on the rules….
It’s the sixth day of our 12 Days of Charitable Giving. Our featured charity, Feeding America, tackles the problem of America’s hungry. Think you know what hunger looks like? Check out these statistics and find out how to help.
If you’re contemplating a move in 2008 (despite the crazy housing market), consider these spots. These towns are where Money magazine says the best places to live in 2007 are: 1 Middleton, WI 2 Hanover, NH 3 Louisville, CO 4 Lake Mary, FL 5 Claremont, CA 6 Papillion, NE 7 Milton, MA 8 Chaska, MN…
You can make up your own mind. Here are the facts: Today, I received an official looking letter from the “Indemnification/Disbursement Division” of “The Offices of Government Insured Loans.” This is not a federal agency – despite the fact that the company is trying very hard to look like it with their kraft brown envelopes…
Over the weekend, John Bell thought he’d go for a run. He ended up at the center of controversy over the government shutdown and what it means for taxpayers. How did that happen?
Obama and McCain continue to battle it out about the issue that most Americans seems to care about right now: the economy. To hear each talk, it just can’t get much worse (can it?). McCain spins Obama’s tax proposal as “the biggest tax increase since World War II.” Obama compares McCain’s plan to that of…