For most people, owning a home is like moving a step up the American-dream ladder. It is indeed wise of you to buy a home instead of continuing to pay hefty rent. Your home is an excellent investment in the long run because it helps you not only build up an equity but also garner […]
5 Small Business Tax Deductions to Consider
It’s tax season and as uncanny as it may sound, hundreds of small businesses happen to overpay their taxes. The major reason behind this phenomenon is that the business owners miss out on numerous legitimate deductions. John Gregory, tax practitioner and founder of 1040Return.com, shares 5 tax deductions for small business to […]
5 Little Known Tax Deductions that Are Worth Taking
When it comes to filing taxes, it’s important to look for deductions that can be taken beyond the most common ones. Deductions are one of the ways that people can reduce their tax liability. While accountants may know the full scoop on the many deductions that are available, most individuals doing their taxes do […]
Make the Most of Your 2010 Tax Deductions
T minus seven days and counting… U.S. taxes are due on April 18 this year, and maybe those three extra days will help you find some last-minute tax deductions. I know I’m going to be looking for them. I’ve been writing for the Taipan Publishing Group for a number of years now, but in […]
5 Tax Breaks You Weren’t Thinking of For Your Small Business
Small business owners everywhere know the importance of running a tight ship. Rent, labor, and operating costs all hit smaller companies the hardest, so keeping cash drainage to a minimum is key. Tax breaks, deductions, and credits are crucial for keeping small operations afloat. As helpful as these can be, they also have a […]
How Trump’s Tax Reform May Affect Your Taxes
Tax season isn’t everyone’s favorite time of the year, but don’t let a new reform overwhelm you. President Trump’s Tax Reform Act was passed on December 22nd, 2017. The Act is designed to cut income tax rates, it doubles the Standard Deduction, and eliminates many personal exemptions. The individual changes became effective January 1st, 2018, […]
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