Educating Business Owners about Tax Deductions.

What is “Per Diem” for business tax deductions?

I often get asked by taxpayers - "Is it better to use Per Diem rates for business travel deductions?" and with all things business and taxes, my answer is, "it depends". Per diem refers to a fixed daily allowance the IRS allows to a taxpayer for business travel. The...

Income Tax Payment Plans do not affect your credit score

True!  If you are on a payment plan with the IRS, this will not affect your credit score. There are millions and millions of Americans on payment plans with the IRS. Now I must say, if you can avoid a payment plan and pay your taxes timely, that is ofcourse the very...

Tax Deductible Travel Plans?

Well taxpayers, it seems the theme of tax deductible holiday plans is everywhere I look. I was reading Kiplinger's June magazine issue and I found results of a survey they had done. The survey showed: 30% of all travelers plan to work remotely during their vacation...

International travel has specific tax deduction requirements

There are different travel deduction rules when traveling outside the US. Yes!  Did you know that?  For those of you who want to take advantage of all these deductions, I highly recommend you take my 8 hour That's deductible program. I will make sure that you leave...

Get AHEAD with your 2022 Taxes

I am honored to have worked with Maryalene LaPonsie and Jennifer Ortiz on this article which appeared on USA News today. We were talking about how taxpayers can get ahead in their 2022 income taxes. One choice is to throw money at the problem by signing up for...

IRS opens Taxper Assistance Centers this Saturday, May 14th

If you'd been struggling with an IRS issue and unable to reach anyone on the phone, this may JUST be the solution for you......the IRS is opening their Taxpayer Assistance Centers - these are their local in person offices, this Saturday, May 14th from 9am to 4pm. Go...

Digital Nomads – Can you deduct your Travel expenses?

Even in the aftermath of COVID, digital nomads are still growing as a community. Anyone working remotely without a permanent residence is now a digital nomad. Is that you? One may guess that all travel expenses are deductible for digital nomads as they travel around...

Offer your team benefits – what do they really want?

On Fridays I review my financial information for the week, the good, the bad and the ugly. One of the expense items I notice is that I am offering a 401k pension plan to my team but very few are choosing to use it. Hmnn, what would my team prefer? So next week we will...

Be an Advocate for your Health and your Money

Yesterday both my mom and I went for our annual checkups to our dermatologist. I left the appointment quite pleased with the doctor and the discussion we had about sunscreen and marketing. My mom left the meeting frustrated because the doctor had recommended she stop...

Money Day Advice – Don’t touch your Tax Savings account

Taxpayers, I love Money Day!  This is the day of then week when I "touch" my money. Today is Money Day. This has been a tough money week with many unforeseen expenses like exploding items and broken iphones and a side swiped car. Wow. It happens. Rather than bury my...

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FREE GUIDE: Business Use of Home

Some expenses are deductible whether or not you use your home for business. Others are deductible only if the home is used for business. Download your FREE guide to find out!

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