Can I Deduct my Work Clothes?
November 8, 2017
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To get right to it, the answer is most likely “no.” The IRS has very strict rules for what type of clothing can be deducted. While
Resources
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Deducting Travel Expenses When You Use Public Transit
July 17, 2017
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If you use your personal vehicle for business purposes – except for commuting! – you may qualify to deduct the mileage that you travel. But what
Coworking Memberships and Home Offices
June 7, 2017
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Occasionally, I’m interviewed for articles elsewhere. Recently, I spoke to the good people at Deskpass about the tax implications of where you work. In this
Can I Deduct my Coffee? Understanding the Meals & Entertainment Deduction
April 27, 2017
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One of the most common questions I get pertains to doing work in coffee shops. Many entrepreneurs head to their local coffee place to meet
Cost of Goods Sold: Labor
November 13, 2015
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Resources IRS Publication 334, Tax Guide for Small Businesses (Chapter 6) 2014 Instructions for Schedule C Cost of Goods Sold and The Tax Gap Why
Retirement: The SEP-IRA
July 20, 2015
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Resources IRS Simplified Employee Pension Plan (SEP) Home Page IRS Publication 560, Chapter 2: Simplified Employee Pensions (SEPs) Rate Table for the Self-Employed Why YOU
Who Gets a Form 1099-MISC?
January 13, 2015
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Resources: 2014 Form 1099-MISC Instructions to Form 1099-MISC Why YOU Should Care: If you paid an individual, Limited Liability Company, Partnership, or Estate $600 or more
Charitable Donations and Your Business
November 20, 2014
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Resources IRS Publication 526: Charitable Contributions IRS Publication 561: Determining the Value of Donated Property How Small Business can get Tax Deductions for Charitable Giving
Depreciation: Section 179 Deduction
November 14, 2014
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Resources IRS Publication 946: How to Depreciate Property 2013 Form 4562, Depreciation and Amortization Instructions to 2013 Form 4562 Why YOU Should Care Generally, you are
Depreciation: The Basics
October 29, 2014
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Resources The IRS’s Brief Overview of Depreciation IRS Publication 946: How to Depreciate Property 2013 Form 4562, Depreciation and Amortization Instructions to 2013 Form 4562
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