Tax lessons from the 2009 filing season
You've just filed your 2008 tax return and the last thing you
likely want to think about is the next filing season. However, it
never hurts to have a leg up, and with the end of filing season and
How Do I? ... Keep a log for automobile expenses
If you use your car for business purposes, you may have learned
that keeping track and properly logging the variety of expenses you
incur for tax purposes is not always easy. Practically speaking,
No bright line between businesses and hobbies
Businesses benefit from many tax breaks. If you are in business
with the objective of making a profit, you can generally claim all
your business deductions. If your deductions exceed your income for
Client FAQ - Gifts to employees
Q: The holidays are approaching and I would like to consider giving
gifts of appreciation to my employees. What kinds of gifts can I
give my employees that they would not have to declare as income on
Should your company operate as an LLC?
Limited liability companies (LLCs) remain one of the most popular
choice of business forms in the U.S. today. This form of business
entity is a hybrid that features the best characteristics of other
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