Taxes are painful but there are laws that protect and impose them, so there's no other choice but to abide by the rules. But there are things you should know about them, their extent and limitations. Below are the 10 most important tax facts. Filing an...
Did you know those small businesses are more prone to be audited than the large ones? According to a report, a sole proprietorship is the most popular form of small business ownership. It is 10 times more likely to be audited than others business types....
Meals and entertainment are integral parts of a business. If you want a good deal from a supplier, you would want to sweet-talk him over a meal—maybe a glass of wine or two. You would even find out the supplier’s favorite band and take him...
There are different home-related expenses you can deduct on your tax return. These tax breaks are made available for homeowners, and they can file these 2017 tax deductions for home expenses until the April due date. Homeowners can take advantage of deductions for mortgage interest, real...
“Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us.” – Thomas Carper, US-Senator The Internal Revenue Service (IRS) is cracking down on cryptocurrency transactions due to alleged devious patterns. The...
Having a home-based business has its perks. You get to be your own boss. You have more freedom and flexibility over your schedule (and attire). You can spend more quality time with family and friends. You also get to minimize risk and overhead costs. Plus,...