Comprehensive guide to the home office deduction, including eligibility requirements and calculation methods.
Read More
Strategies for managing taxes without receipts, including reconstructing records and IRS expectations.
Accounting basics for bloggers, highlighting essential practices for financial tracking and tax preparation.
Important facts about estimated taxes for freelancers and business owners, including who should pay and when.
Clarifying whether Starbucks purchases can be considered a business expense under IRS guidelines.
Criteria for deducting clothing costs for client photoshoots, including what qualifies as a legitimate business expense.
Exploring if donations of time to charitable organizations can be deducted on your business taxes.
Details on the $25 tax deduction limit for business gifts per person or couple, and how to apply it.
How to deduct a computer bought last year if your business started this year, understanding IRS rules.
Explaining why the profit number in your accounting software may differ from your bank account balance.