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6 Commonly Overlooked Tax Deductions to Maximize Your Return

Success

“Can a dead person deduct medical expenses?” “Can ” These are just a few of the numerous requests Andy Phillips, director for the Tax Institute at H&R Block in Kansas City, Missouri, fields when tax time rolls around, as his clients muddle their way through what can and can’t count as a deductible expense.

Expenses 198
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Who’s Stuck With The Bill?

Allwork

The rise in working remotely comes with several costs, which include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software. There are various models that companies are using to cover these costs of working remotely.

Expenses 313
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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

While the dust from the 2023 tax filing season has long since settled, if you are a freelance worker, independent contractor , or digital nomad, now isn’t the time to forget about your taxes. Firstly, it is the simplest and least expensive form of business to set up and maintain. While celebrating U.S.

Legal 261
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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

bumps the tax credit up to 100%, which applies to businesses with 50 or fewer employees (other credits apply to companies with 51 to 100 employees). There were also lots of scam promotions promising companies ridiculous credits and returns. You can also fax e-filing waiver requests to 877-477-0575.

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Things You Can Do As A Small Business Owner To Limit Your Tax Liability

Eco-Office Gals

A good example of a disregarded entity is the limited liability companies. A limited liability company is protected from liabilities that is in case a business owner has debts the creditor does not have the right to the assets of the LLC. For example, you decide to make payments for most of your January expenses in December.

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Best Business Technology for Small Businesses & Their Owners (28 ideas from them to you!)

Stephanie LH Calahan

OneNote: My Filing Cabinet In The Clouds. create notebooks and files just like I would with paper, but now it is all organized on my computer. We were trying to figure out a way for my Associates and I to share files within my home office but also with my business partner that lives about 20 minutes away.

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Creating Your Freedom Business - Expert Panel Shares Tips (Part 3)

Stephanie LH Calahan

I always synch all of my files from my main Mac computer in my home office to Dropbox so that I am sure to have all of them handy while on the road by using the app on my phone and tablet. It is worth the extra expense. Note: Mention of these products/companies does not mean that I personally endorse them.