Educating Business Owners about Tax Deductions.
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...
Rent or Buy in 2022?
As interest rates rise and home prices remain at all time highs across the country, many clients are reaching out with the question - "Should we buy now or rent?" Surveys show that most people still want to buy a home. The National Association of Realtors in 2021...
What else can I deduct?
Perhaps its easier to answer that question by talking about what you absolutely CANNOT deduct. The one that always shocks and horrifies clients is clothing. I know, its seems counter intuitive but that is tax law. Just because you are a limo driver and wear a suit or...