Could you be the victim of a payroll-tax embezzlement scheme? You bet you could! And, as I’ll explain in my new article, if you are duped, and your payroll taxes don’t reach Uncle Sam, you could wind up paying double your payroll taxes. You could even lose your business! The good news? It’s easy to avoid embezzlement problems if you know a simple prevention technique. … [Read more...]
How to write off clothing and laundry expenses
A while ago, we showed you how to deduct the cost of work clothes and laundry services that you buy for yourself and your employees. But in my new article, I’ll show you how to get a deduction for yourself even if you don’t offer a clothing/laundry benefit to all your employees. In other words, to use the language of the tax law, we’ll show you how to “discriminate” … [Read more...]
Save on taxes by putting your kids to work
If your children work in your business you can benefit in two important ways. You’ll get to have extra family time and help them develop a strong work ethic. You can create some nice tax savings for yourself. Want to learn how you and your kids can both benefit thanks to Uncle Sam? Don’t miss my new article titled Tax Tips: Hire Your Kids to Work in Your LLC or Sole … [Read more...]
How to stop car-sale or trade-in taxes before they hurt
Ready to sell or trade in your business vehicle? Stop! Jam on the brakes! The first thing you should do is read my new article. Why? Because when you sell your business car or truck, you may be adding thousands of dollars to your tax bill. Or creating thousands of dollars of tax deductions. It all depends on how you play the game. That’s right. With a little tax … [Read more...]
A new law reinstates huge tax savings
It seems like lawmakers always have small-business owners in their gun sights. Well, finally there’s some good news that I’ll explain fully in my new article… This past December lawmakers passed a law they called the “Tax Increase Prevention Act of 2014.” Among its other provisions, the law retroactively reinstated Section 179 and bonus depreciation laws that previously … [Read more...]