Standard Mileage Rate Deduction Increased for 2018
The IRS released the 2018 optional use standard mileage rates used in the calculation of deductible costs in operation of an automobile....
Start-Up Small Business – Part 5 – (How Much Can I Deduct?)
Generally, you can deduct the full amount of a business expense if it meets the criteria of ordinary and necessary and it is not a...
Start-Up Small Business – Part 4 – Personal Versus Business Expenses
Generally, you cannot deduct personal, living, or family expenses. However, if you have an expense for something that is used partly for...
Start-Up Small Business – Part 3 – What Can I Expense?
According to the IRS, expenses available for deduction include: A business expense must be both ordinary and necessary. An ordinary...
Girl Scout Cookies
You might have seen them in front of stores and in malls. The Girl Scouts of America are currently selling cookies as a way to fund raise...
Boosting Your Deductions
New Years is 18 days away. Christmas is 11 days away! What does this mean? Now is the time to get rid of some extra cash! Many deductions...
