Have you heard of the home office deduction? The TCJA changed eligibility, but this common deduction can still be very useful for business owners.
Tax law changes have many individuals asking “what’s the benefit of W-2 over 1099?” It’s important to remember that these two employment classifications come with differences that are more significant than just income and write-offs.
Estimated payments are a useful tool to limit tax liability at filing and avoid additional and costly penalties. Do you think you may need to make estimated payments?
The mileage deduction is a tax write-off used to offset the cost incurred through using a personal vehicle for business purposes. Are you taking advantage of this valuable deduction?
TCJA provides for a number of significant changes affecting individuals, businesses, trusts, and estates. Here are the top 5 changes that will affect most tax payers.