Small Business Tips

Business Driving – Mileage Log = No Deduction

Business Driving – Mileage Log = No Deduction

Two recent Tax Court cases show why it’s so important to keep contemporaneous mileage logs when claiming deductions for business driving. “Contemporaneous” means updated at least weekly. In ...Read more

Are Automobile Accidents Tax Deductible?

Are Automobile Accidents Tax Deductible?

An automobile accident can be a physically, emotionally and financially jarring experience. In a study by the National Highway Traffic Safety Administration, the human and financial costs of car ...Read more

What Are Your Chances of Getting Audited By the IRS?

What Are Your Chances of Getting Audited By the IRS?

There are few things taxpayers dread more than getting audited by the IRS. But is this fear justified? Just what are the chances you’ll be audited? ...Read more

5 IRS Audit Red Flags Every Business Owner Should Know

5 IRS Audit Red Flags Every Business Owner Should Know

Ever wonder why some tax returns are probed by the Internal Revenue Service while most are ignored? ...Read more

Corporation, LLC, Partnership or Sole Proprietor?

Corporation, LLC, Partnership or Sole Proprietor?

One of the most important decisions you'll ever make is how to legally organize your business. There
 are several alternatives, and the form you choose will have a big impact on how you're taxed, ...Read more

10 Gorgeous Gadgets & Accessories for Road Warriors

10 Gorgeous Gadgets & Accessories for Road Warriors

You’re out there on the road, somewhere between a sales call and a pit stop. Driving while you work, working while you drive. It’s not easy but someone’s got to do it. To make the miles tick by ...Read more

Tax Basics for Real Estate Brokers

Tax Basics for Real Estate Brokers

The federal income tax law recognizes that you must spend money to make money. Virtually every real estate agent or broker, however small his or her business, incur some expenses. Even an agent or ...Read more