The good news… Uncle Sam offers eleven possible education tax benefits that can save you a lot of money. The bad news… With all those choices it can be hard to know which tax benefit makes the most sense for you. That’s why my new article makes “must” reading. It simplifies things by explaining how you can qualify for one of just two outstanding tax credits. The … [Read more...]
Employees
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How to use the tax-free supper money allowance
When you or your employees have to work late, it’s a real morale buster. But you can provide a big morale booster… and grab yourself a nice tax deduction if you know the law. You see, the IRS offers a 100% deduction when you provide a qualifying “supper money” meal-allowance to those dedicated employees who work overtime. (I know that not everyone calls it “supper” any more… … [Read more...]
Another way to create 100% deductions for employee meals
They say that “there’s no such thing as a free lunch.” However… If you know the tax law you can deduct 100% of the cost of food and drink when you provide business meals for employees. Yes. I know. Most business meals qualify for just a 50% deduction. But, like I said, Uncle Sam will pick up the whole tab if you know the rules. And in my latest article I’ll tell you about a … [Read more...]
How to avoid the independent contractor trap
Do you hire independent contractors? Then make doggone sure they are independent contractors or you could be caught in a dangerous IRS trap! Here’s the story… The bad news: If you’ve hired independent contractors and the IRS decides that you’ve misclassified them, and that they’re actually “employees,” watch out! You could be on the hook for thousands of dollars in … [Read more...]
Write off your education expenses!
If you want to improve your business skills, Uncle Sam has some good news for you… As you’ll learn in my new article, you can deduct 100% of the cost of: Certain advanced degrees like an MBA Language courses Classes to help you build computer skills Industry seminars And just about any other form of education that helps you build or maintain your business … [Read more...]