self employment and taxes - what do you do?

Posted on: 20 January 2017

Wouldn't it be nice if you could count your pets as dependents? After all, they certainly depend on you -- an ill pet can easily cost as much as a child. Unfortunately, pets aren't considered necessities by the Internal Revenue Service (even though they might feel that way to us). Because of that, there are very few pet-related costs that can actually be tax deducted. If you want to get the most out of your deductions, you're going to have to focus on these three issues. [Read More]

Posted on: 29 December 2016

If you're going to be retiring on a budget—especially if fixed income sources like Social Security are a primary part of the plan—it's important to find ways to control and plan for costs. But, with so much about retirement always being up in the air, that can seem like an impossible task. However, you can control some retirement expenses with some pre-planning. Here are a few tips for controlling expenses in three categories: taxes, health care, and housing. [Read More]

Posted on: 14 November 2016

Busy restaurants often have unsold food left over at the end of each day. Some of the food may be used the following day, but wholesome food is sometimes discarded. A practical solution for minimizing wasted food is available. Restaurants can receive a tax deduction in exchange for donating unsold food to a qualified charity. Tax deductions for charitable donations are generally limited to the fair market value of donated items. [Read More]

Posted on: 14 October 2016

If you are working a sales position for the first time ever and you aren't sure how you're supposed to claim your taxes, there are some things you want to do to prepare, and calling a professional tax expert is one of them. Preparing your own taxes puts you at the risk of errors, especially when you have more things to worry about because of your job position and the field you work in. [Read More]