Financial Planning
Get legal advice on how to take control of your personal or business finances, whether you're tackling student loans, medical bills, taxes, or bankruptcy.
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Sum of the Years Digits: A Depreciation Guide
How do you calculate the sum of the years' digits method of depreciation? What are the pros and cons of sum of the years' digits versus straight line depreciation. Find out if sum of the years' digits is right for your business.
· 3 min read
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Claiming the Per Diem Deduction: Best Practices for Your Business
Tracking, documenting, and reimbursing employees for their business travel expenses can be a pain. One way to simplify the process is by setting per diem rates.
· 3 min read
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Green Energy Credits for Business
If your business invests in solar energy property, fuel cells, small wind turbines, you may qualify for federal renewable energy tax credits. Similarly, credits are available for business vehicles that use electricity or an alternative fuel source.
· 3 min read
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What Is Straight Line Depreciation?
How do you calculate straight line depreciation? What are the pros and cons of straight line depreciation versus accelerated depreciation methods? Here's how you can decide if straight line depreciation is right for your business.
· 3 min read
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How Do I Reach IRS Customer Service?
Getting help from the IR can be challenging. If you have questions and need clarifications that can't wait, here are a number of ways to reach IRS customer service.
· 3 min read
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What to Do if Your Business Is Audited
Help! Your business is under audit. The word 'audit' tends to trigger panic among business owners but be prepared and stay calm. It's likely not as bad as you think.
· 3 min read
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What's the Difference Between Tax Fraud and Negligence?
Mistakes are a fact of life, even mistakes on taxes. The line between careless mistakes and tax evasion or tax fraud is sometimes blurry, but it's a line you don't want to cross. When does a mistake become tax fraud in the eyes of the IRS?
· 3 min read
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How Your Business Can Claim the Solar Tax Credit
Saving money on energy can also mean saving money on your tax bill.
· 3 min read
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How to Pay Estimated Tax Payments Online
Filing and paying estimated tax payments by quarterly deadlines can save you from expensive penalties at year-end.
· 2 min read
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How Tax Planning Can Minimize Your Business' Tax Liability
What is the benefit of tax planning? To save more of your business' profits. Here are some useful tax savings strategies to reduce your business' tax liability today.
· 4 min read
