Setting Your Salary: What's The Right Amount?
One of the greatest perks of owning a small business is flexibility. You can set your own hours and salary. You can plot the firm’s trajectory without consulting your boss, upper management, or even...
View ArticleHow To Trim Vacation Costs
Summer is a time for family reunions, barbeques in the backyard, and completing outdoor projects. Summer is also a season for vacations — tooling around the Grand Canyon, visiting grandparents in...
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Tax Tips For Your Vacation Home
Planning to rent out your vacation getaway? When it comes to taking advantage of the tax benefits, timing is an important factor. Here are two points to remember. The fourteen-day-or-ten-percent test....
View ArticleWhat's New: Animal-Rescue Volunteers Win Tax Deduction Case
If you provide care for stray or feral animals in your home for an IRS-approved charity, you may be able to take a tax deduction for your out-of-pocket expenses. A recent U.S. Tax Court judge ruled...
View ArticleTax Tip Tuesday! Check The Tax Rules For 529 Plans
If you are thinking of opening a 529 college savings account for yourself or your child, a review of the tax rules should be on your to-do list. Here’s a summary. Qualified tuition programs — the...
View ArticleTax Tip Tuesday: Recordkeeping Is Required For "Listed" Property
You may be more familiar with the term “listed property” in the context of real estate, but the term also applies to some business assets — and affects the records you need to take deductions for those...
View ArticleDon't Overlook Deductions For Charitable Work
Many taxpayers give much more than just cash to their favorite charity. Many also provide their time, travel, meals, and other “out of pocket” expenses in order to assist the charity in doing good...
View ArticleNine Tips For Better Tax Recordkeeping
Did pulling your records together to complete your 2011 tax return reveal shortcomings in your system? Here are nine tips that can improve your recordkeeping and help minimize your taxes. 1. Maintain a...
View ArticleDeveloping Low-Cost, High-Impact Marketing Materials
Small businesses and start-ups are often faced with budgetary restrictions that can mean a constant tightening of the belt. Most businesses cut back on marketing in times of economic stress. But the...
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