Outrageous Tax Deductions

We are all on the look-out for ways to save money on our taxes. Here are five deductions taxpayers tried to take and were denied: THE COST OF TRAFFIC CITATIONS – Just because you are running late to a business meeting doesn’t make the cost of a citation

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Are We In For A Tax Filing Season Nightmare?

The Internal Revenue Service is slated to begin processing tax returns for the 2014 calendar year on January 20, 2015, while dealing with the Affordable Care Act and another round of congressional budget cuts. The IRS commissioner implored taxpayers to call the IRS with questions, only as

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It’s Bonus Time

Year-end is a great time to think about rewarding your staff for a job well done in 2014.  Here are a couple of quick tips to help you make the most of bonuses while protecting your business and cash flow. Timing.  Would you be better off timing

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Five Year-End Tax Planning Tips

• Take Advantage of Donating Stock: If you intend to make charitable contributions before year-end consider donating stocks directly to the charity. Instead of selling stock that has increased in value and donating the net proceeds, donate the stock directly. For stocks owned over a year, this

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