by Bill Houston | Dec 10, 2024 | Uncategorized
Add a side or small business. Some personal expenses can be converted to business deductions. This often reduces taxable income in the first phase of business growth. Most important is to actually start your business. If you don’t have an actual business,...
by Bill Houston | Jan 8, 2024 | Uncategorized
The new clean vehicle tax credits along with the commercial clean vehicle tax credits can be used for ‘qualifying’ fully electric cars, hybrids and fuel cell vehicles. There are 4 ways to benefit from these credits for EV’s placed in service in 2023...
by Bill Houston | Dec 11, 2023 | Uncategorized
Some crypto currencies lost a lot of their value in 2022 and 2023 while a smaller number have recovered some losses in 2023. This update is a review on how to handle both gains and losses on your tax returns and also discusses a couple of new IRS announcements...
by Bill Houston | Jan 17, 2020 | Business Deductions, Uncategorized
A home office can eliminate the ‘commuting’ portion of your trip, adding additional deductible business miles each day. Is it worth it? You bet. An additional 30 mile round trip can add up to over 4000 additional deductible business miles a year worth...
by Bill Houston | Aug 14, 2019 | Cryptocurrency, Uncategorized
As part of it’s outreach efforts, the IRS is sending letters to some clients with virtual currency transactions advising them of potential failure to report income and pay taxes resulting from currency transactions or advising that transactions may have been...
by Bill Houston | Sep 28, 2017 | Uncategorized
Just read a great article from RE/MAX on why realtors should incorporate. But it is not just realtors that should heed this advice. We have been providing this advice to our small business clients for many years. Incorporation with an S Corp status election gives...
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