Tax Tip: MEALS & ENTERTAINMENT

As with mileage, it is important to keep good records of all your meal or entertainment expenses throughout the year. In addition to the price of the meal (how much), the IRS wants to know the 4 W’s: who you were with – names of your guests why you met – reason for...

VACATION – WRITE OFF or NOT

Vacations are fun and usually for your personal pleasure.  However, sometimes you use part of your vacation to explore or expand your business opportunities.  If you do this, and keep good records, you will be able to write off at least part of your vacation. To...

Four Credits That Can Pay You at Tax Time

You might be eligible for a valuable tax credit. A tax credit is a dollar-for-dollar reduction of taxes owed. Some credits are even refundable, which means you might receive a refund rather than owe any taxes at all. Here are four popular tax credits you should...
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