If you operate your own home business, then you are probably aware that there a few drawbacks to being self-employed. Working for yourself often means that you lose many workplace benefits, such as group insurance, sick leave, paid vacations, etc. …Continue reading →
Everyone wants to know about itemized deductions. It sounds like something for the very rich and not us commoners, but itemizing can bring benefits if you meet the qualifications to claim enough deductions. Here is some general information about itemizing …Continue reading →
WHAT IF YOU LOST THE RECORDS TO BACK-UP YOUR TAX DEDUCTIONS – OR NEVER HAD THEM?
Auditors are notorious for saying, “No documentation? No deductions.” In fact, when a taxpayer loses a deduction in audit, the most frequent reason is that he or she did not have records to prove they qualified for it.
You may already know how wonderful it can be to work from home, but do you realize how many home based business tax advantages exist? Here in the United States, many people operate home based businesses just to take advantage …Continue reading →