Meals, travel and lodging expenses incurred by employees on the road may be deductible if properly managed. With changing rules on what is and isn’t deductible, it’s important to keep your business up to speed …Read More

 

Business owners may be able to save tax with the home office deduction. But will you save more by claiming actual expenses or using the simplified method? Basics of the Deduction In general, you’ll qualify …Read More

 

Businesses generally can determine their vehicle expense deductions either by calculating the actual expenses or using the IRS’s standard mileage rate, which has increased for 2019. Your business may be able to claim a larger …Read More

 

Investing in business assets is a traditional and powerful year-end tax planning strategy, and it might make even more sense in 2018. Sec. 179 expensing and bonus depreciation both allow an immediate deduction for the …Read More

 

Combining your business trip with a vacation can be tempting, especially if you think you can save some money by deducting the trip. However, you may not be eligible for a tax deduction. Here are …Read More

 

There are changes to the rules for deducting qualified residential interest, i.e., interest on your home mortgage, under the Tax Cuts and Jobs Act (the Act). Under the pre-Act rules, you could deduct interest on …Read More