Protect Your Business With Meticulous Records
If you run a business, you know that you need to support expenses with detailed records. To be deductible, every expense on your tax return might have to be defended …
Can you deduct the costs of a self-managed portfolio?
Do you have significant investment-related expenses, including payment for financial service subscriptions, home office maintenance, and clerical support? Under current tax law, these expenses aren’t deductible through 2025 if they’re …
How New Business Start-Up Costs Affect Your Tax Return
Government officials are seeing a large increase in the number of new businesses being launched. The latest data available from the U.S. Census Bureau shows that for the period of …
Business Expenses: Restaurant Meals are 100% Deductible
Business owners, 2022 is well underway. So, don’t forget that a provision tucked inside the Consolidated Appropriations Act suspended the 50% deduction limit for certain business meals for calendar years …
How can I pay my parent’s nursing home costs?
Given the steep cost of nursing homes, planning for long-term care is critical. This holds true not only for you but also possibly for aging parents if they’re still in …