Taxes for Businesses

Believe it or not, we’re already halfway through the year, 4th of July has already passed… Not sure how that happened! But now is a great time to give your records a little tax review to stay on top of everything while your memory is fresh! It’s also a good way to see if you’re […]

Depreciation is a wonderful thing. When done the right way, your rental real estate property bringing you income can be turned into a loss for taxes. This strategy is probably the most commonly used with physical land and buildings, but there are many more things that can be considered, for example: Appliances Parking structures Landscaping […]

Updated June 2018 The dreaded five letter word…. AUDIT…. Something many of us fear and have thankfully never experienced. Those that have, well, tell us your story. What was it that triggered the IRS to come knocking to make sure you were telling the whole truth and nothing but? The more money you make, the […]

Updated June 2018 What could be better than writing off a great trip to a place you’ve always wanted to travel, and making money while you’re there? How about writing off food?? Ok, food may be a distant second to traveling, and we’ll talk about writing off trips in another post. But, writing off meals […]

We’re back with a few more tax saving strategies to keep you and your small business healthy and wealthy! Deduct business losses If you have any capital gains on investments, you can subtract any losses you’ve incurred to minimize any taxes owed on your gains. If you have no gains, you can still take losses […]

The age-old question! How do I make money? And we’re not talking about the measly average $30-50k per year. We’re talking about the $millions that many people dream about – more like $30-50k per week! What’s very interesting is that many people talk and dream about these $millions, “if I had the money I’d be […]