by charlie | Aug 30, 2024 | Blog
If you run a business from your home, you may be eligible for a valuable tax break known as the home office tax deduction. This deduction allows you to reduce your taxable income by claiming a portion of your home expenses used for business purposes. Whether...
by charlie | Jul 29, 2024 | Blog
Understanding the Home Office Tax Deduction What is a Home Office Tax Deduction? The home office tax deduction allows business owners to deduct expenses related to the business use of a space in their home. By writing off a portion of your home expenses on your taxes,...
by charlie | Mar 31, 2024 | Blog
What Do I Do If I Miss the Tax Deadline? Key Points: Pay the estimated tax amount immediately to sidestep penalties and interest. You can figure out the exact amount later. Filing for an extension does not give you more time to pay, just more time to file. Payments...
by charlie | Dec 6, 2021 | Blog
Coffee & Meals Coffee and meals are deductible if you are meeting with a client, a colleague, or someone within your networking circle. Normally these expenses are deductible at 50% but for the 2021 tax year, they are 100% deductible. You can also deduct this...
by charlie | Nov 22, 2021 | Blog
Tax Treatment of Inherited Money What constitutes inherited money? Inherited money is when someone dies and they pass along either cash, real estate, stocks, an IRA account, or a brokerage account. We are going to look at what the tax treatment is and what you need to...
