The creation of Opportunity Zones is perhaps of the most important pieces of legislation to impact our communities. Recent changes in the tax law has created qualified opportunity zones to encourage tax-favored investment in distressed communities throughout the country and U.S. territories. Under the new law, investors may be able to defer tax on almost …
As a Tax Practitioner I tell all my clients that having a homebased business is perhaps one of the most effective ways to reduce their taxes. When asked .. “what type of business should I start” I always recommend they start with a Network Marketing Businesses that favors building residual income. When you understand …
One of the huge benefits of Working from your home is that you are entitlled to deduct from your income the same business expenses as any other business. Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business is operated to make a profit. So …
"An English actor on his deathbed once muttered: "Dying is easy. Comedy is hard." Apologies to that expiring thespian, but watching a small business die is never easy, if for no other reason that it can happen in so many different ways. And, no matter the cause, it's never funny. Here, in hopes that a …
The American Taxpayer Relief Act of 2012 (ATRA) (H.R. 8) extends the Work Opportunity Tax Credit (WOTC) for hiring certain workers through Dec. 31, 2013. The VOW to Hire Heroes Act of 2011 made changes to the Work Opportunity Tax Credit (WOTC), including adding new categories to the qualified veterans targeted group and expanding the …
Do you own or operate a small business? Or do you plan to start a business someday soon? If you answered yes to either question, the IRS has online information, support and services that may be helpful to you. Small Business Week Webinars. During National Small Business Week 2013, the IRS is hosting two free, …
IRS Offers Information, Support and Services for Small Businesses Read More »
The Internal Revenue Service today issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56.5 cents per …
One of the easiest and fastest way to make money online in through affiliate marketing. This is when you send visitors to someone else’s product sales page, they make the sale and deliver the product, and you get a percentage of the sale price as you commission (usually 50% or more for digital products). The …
