Home Office Deduction Benefits Eligible Small Business Owners

The following article was published by the IRS. Small business owners may qualify for a home office deduction that will help them save money on their taxes, and benefit their bottom line. Taxpayers can take this deduction if they use a portion of their home exclusively, and on a regular basis, for any of the …

Answers to 5 Questions about Overtime Rules

This article was published by the SBA. There’s no law—federal or state—that caps the number of hours a person can work (other than for minors). But if you are an employer, be sure to understand that working past 40 hours triggers overtime rules for certain employees. Some of these rules have been around for years, …

Taxable and Non-Taxable Income

Most income is taxable and must be reported on your tax return. What you may not know, however, is that some income is only partially taxable or may not be taxable at all. For example, child support payments and welfare benefits are tax-free. Gifts and inheritances are generally tax-free to the recipient, but depending on …

IRS.gov Resources Help Small Businesses Have Big Success

The following article was published by the IRS. National Veterans Small Business Week is the perfect time for veterans who are business owners to check out the IRS's online resources. Here are a few of the webpages that can help small businesses understand their tax responsibilities. Self-Employed Individuals Tax Center This a great resource for …

Family-Friendly Franchise Businesses

This article was published by the SBA. If you invest in a business of your own, and it’s a business your family can get involved in, you may be able to secure their future along with your own. How good would that feel? In this post, I’m going to give a few examples of franchise …

ABLE Accounts

https://youtu.be/P7dO63wVCd8 This video was published by the IRS. If you or someone you know has a disability, be sure you are aware of how an ABLE account can benefit you. This account allows you to set aside certain funds tax-free to help pay for disability-related expenses. To learn more watch the video above or visit …

Interactive tool on IRS.gov helps taxpayers get answers to their tax questions

The following article was published by the IRS. Tax questions can pop up any time of the year. When people need answers, they should start with Interactive Tax Assistant on IRS.gov. It’s a tool that provides answers to a many tax law questions. The taxpayer enters answers to a series of questions and the tool gives them …