Friends! Buy a car, truck, van, or SUV today! No. I’m no car salesmen. I’m an accountant. But I still think “Buy Now!” is good advice when it comes to business vehicles. You see, if you’re planning to purchase a car, truck, van, or SUV for business use, there are tremendous tax advantages to buying before the end of 2014 — especially since you’re up against the highest … [Read more...]
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How to turn your vehicles into huge deductions
Here’s good news for small-business owners! Because your cars, SUVs, trucks, and vans are large-ticket business expenses, they can generate enormous tax deductions for you! In fact, these deductions can add up to tens of thousands of dollars, if you act by the end of the year. Yes. Time is running out, but you can still create highly profitable year-end business tax … [Read more...]
When it’s smart to ignore the tax law
Don’t get me wrong! I’m very much in favor of following the tax law to the letter. But there is one section of the law that you shouldn’t take seriously. It’s the part that gives you the impression that saving your receipts isn’t always necessary. While the law may not always require receipt-keeping, Uncle Sam always requires proof. And if you don’t have receipts, you’ll … [Read more...]
Little known but easy ways to increase vehicle tax deductions
Do you own more than one vehicle? And do you use just one vehicle for business? Then I’ve got good news for you… If you play your cards right, you may be able to claim some hefty tax deductions using assets you already own! Whether you operate your business as a proprietorship or as a corporation, don’t miss the money-saving information we’ve got waiting for you. I … [Read more...]
Give the IRS an inadequate mileage log and it will crush you
Don’t let what happened to Jim and Martha Flake happen to you. Because of bad recordkeeping, they attracted the attention of the IRS. The result? They had to visit with an IRS agent every two weeks for about a year! How can you stay on Uncle Sam’s good side and avoid the two mistakes that got the Flakes in hot water? Easy. Read my new article titled Tax Tips: IRS Asserts … [Read more...]