Do you have a business reason for your travel? If you’re traveling for a personal reason or for a vacation, you cannot deduct those expenses. If you have a business purpose for your travels, you can certainly write those expenses off.…
Never dig your head in the sand; always make sure that you try to work upfront with the IRS. They're actually quite good at setting up payment plans. There may be penalties and interest, but at least you won't have…
Want to make more money and legally keep that hard earned cash in your pocket! Here are 7 easy steps to follow. Seven easy steps to keeping more cash in your pocket. Step one, call us. Book an appointment with…
If you have other sources of income and don’t really need the RMD from your IRA, you can also donate the funds directly to a charity. There are various ways to structure gifting. You can set up trusts, gift annually,…
Watch the Video to learn more about foreign bank accounts Does your CPA use an organizer to ask you about foreign bank accounts? One of the things that we do to ensure that our clients are getting the best…
The government now allows the reimbursement of health insurance premiums for small business owners (50 FTE or less), which was taken away about a year and a half ago. There are many questions people have: “What is Trump going to…
The IRS is now saying it is going to take 45 days, 60 days, or 120 days to get a response. All walk-in options have been cancelled; if you have to physically go into an IRS office and submit something…
A bookkeeper would see many different scenarios, options, and loopholes that they can help you and your CPA apply to your situation. They would also help you with your month-end reconciliations by looking at the reports, not only from the bookkeeper…
LLC’s Tax Filling Rules. Watch the Video! Having separate LLCs for each rental property, for legal reasons, and tax reasons Obtaining a line of credit or a credit card in the name of the LLC, as you would not want…
When someone passes away, you should file Form 14039 as quickly as possible. This very specific form allows the IRS to protect the social security number of the deceased person. To protect the deceased person’s social security number against fraud…