Let’s get started by asking you two questions Do you need a replacement business car, SUV, van, or pickup truck? Do you need tax deductions this year? If you answered “yes” to both questions, here are some ideas for you…
Did your children under age 18 help you in your business this year? Did you pay them for their work? You should pay them for the work—and pay them on a W-2. Why? First, W-2 wages paid by the parent…
You can reap major tax savings with the heavy vehicle and home-office combo. The heavy vehicle produces quick deductions. The home office that qualifies as a principal office eliminates commuting miles, and such an elimination can dramatically increase your business-use…
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