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...]
Depreciation
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Tax tips for the S corporation owner with a home office
Do you operate your business as an S corporation? Do you also claim the home-office deduction? If you’re answering “yes,” here’s some very good news… With the right tax planning, you can sell your home (containing the office) and defer or completely eliminate your tax bill, including recapture for any depreciation that you claimed! Want to find out how? Easy! Read my new … [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...]
What you need to know about depreciation now!
When it comes to depreciation and Section 179 deductions, what Uncle Sam giveth, Uncle Sam taketh away. You see, the tax law grants you some nice depreciation deductions, but then recaptures or otherwise taxes them. This means you need to do some careful tax planning in order to save money. How should you start? By reading my brand new article titled Tax Tips: Depreciation … [Read more...]
How to slash your tax bill when you sell your home
Thinking about selling your current home or vacation property any time soon? Then my new article is for you! You see, I’ll explain easy steps you can take right now to prepare for (or completely avoid!) the tax hit you may have to take when you sell. For example, I’ll explain why you should never rely on the home-sale gain-exclusion to shield all of your profit. And I’ll … [Read more...]