December 8, 2017

Many of the small business owners would love to take precautionary steps to avoid tax audit rather than living in fear all the time. There are several reasons why IRS can audit one company instead of another one. Some of them are more complicated than you think, some o...

November 17, 2017

Being an entrepreneur requires a lot of time and dedication. Most of the small business owners wear several hats. CEO, manager, employee, computer tech ... the list goes on. Sometimes you become overwhelmed with secondary tasks rather than spending time with your clien...

November 15, 2017

Many entrepreneurs start their business from their home, garage, or a basement. However, not everyone meets the criteria to claim the home office deduction. There is a simple explanation when you can use home office deduction.

IRS states that you have to meet 2 conditi...

November 10, 2017

Every year the government of the United States makes changes to the tax laws. At the end of 2016, Congress of the United States cut off some of the credits and deductions.  Here is what can affect your 2017 tax return:

1. Mortgage Insurance Premium Deduction

Mortgage Ins...

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