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The Difference Between Personal and Business Expenses Part 2

admin — Mon, 28 Nov 2011 17:45:54 +0000

This article was published at Accounting Services of Charlotte, NC

ASykes New Tax Laws Part 1

admin — Tue, 15 Nov 2011 18:11:42 +0000

Anthony Sykes from Anthony Sykes and Co on the cable TV show Literary Speak with host Deborah Thomas Show discussing how the new tax laws will affect you
This article was published at Accounting Services of Charlotte, NC

Ohio Use Tax Webinar- Part 1

admin — Fri, 11 Nov 2011 17:44:29 +0000

Steve Dimengo and Rich Fry, tax attorneys at Buckingham, Doolittle and Burroughs, LLP and co-authors of The Ohio State Tax Blog proudly present the Ohio Use Tax Webinar. The Ohio Department of Taxation is cracking down on the estimated 300000-plus Ohio businesses that do not file Ohio use…
This article was published at Accounting Services of Charlotte, NC

State of Union Business, Taxes, & Investments Part 5

admin — Thu, 10 Nov 2011 05:43:45 +0000

Discussion of tax cuts, tax credits, and potential industry investments President Obama sees as attractive.
This article was published at Accounting Services of Charlotte, NC

VenomFangX: Fraudster Exposed (PART 9) – THE DRAMATIC CONCLUSION! kinda.

admin — Wed, 09 Nov 2011 05:49:00 +0000

The final part. WHAT WILL BE THE DRAMATIC CONCLUSION!? transcription done by www.youtube.com/hogtiechamp Everyone go post the word “pickles” on his profile comments. DOOO IT! Call: Well, I first met him up on the YouTube and we had conversations back and forth and he had his ups and downs in his first round of doing videos and stuff by the atheist community and anything else and then he started to straighten out. He started to just preach the word of God in the correct fashion and was leaving, you know, whether atheism is or isn’t the right way to go oanything and was just sticking to preaching the word of God like I and other people have been telling him to do just you know… win the people who want to be won. and he was doing this for a while So then he got involved in the donation business there and it seemed pretty straightforward at the time but he was doing great things making nice videos there congregation says oh yeah.. church elders impressed and since he was in college he was learning.. or was supposed to be doing over there, so we thought, anyway… Uhh… The bishop there offered him a job as an evangelist. You know… The Grand Master (youtube handle of another guy) told me [?] sent you an e-mail there.. so.. He declined. I was flabbergasted. [...] Our church organization is strong. We got all churches here in [-] and in the US. and Grand Master’s in charge of both sides of the fence. He said he was getting more money under his donations that what we was …
This article was published at Accounting Services of Charlotte, NC

Home Business Tax Deductions – A Part Of Home Based Business

admin — Wed, 24 Aug 2011 17:43:14 +0000

This article was published at Bookkeeping Services of Charlotte, NC

Home Business Tax Deductions ? A Part Of Home Based Business

admin — Sat, 26 Jun 2010 06:25:15 +0000

Home Business Tax Deductions ? A Part Of Home Based Business

Read more articles at Bookkeeping Services of Charlotte, NC

Nowadays, a lot of individuals have turned into running their own home business. We have seen such a large spike in people running their own home-based business mainly because a lot of people don’t want to have the same old 9 to 5 jobs anymore, others are looking for multiple-streams of income and for still others, and the reason is unemployment or lack of job security. Whatever the reason is, for starting a home-based business, it will almost always give you large, and maybe unexpected, tax advantages.

Home-based businesses serve a lot of other advantages as well. For one, it enables them to start small instead of starting with so many strings attached. Starting small allows you to operate at a less expensive level and lets you work on your own pace. In addition to that, to start home businesses only a small amount of start-up capital, partially because most of the equipment that they need is already present. And do not overlook the tax deductions that you can receive from running the business from home, because it often is large enough to actually cover the costs of running the business itself.

Vehicle Deductions

One of the most popular advantages that home-based businesses take advantage of is for using their personal vehicle for business purposes. Home business tax deductions from your commute can be deducted because these are considered necessary to run the business. You may also need to meet your clients, deliver product or make necessary trips to purchase things. Be cautious though, because this tax deduction tends to be abused by a lot of people. Make sure that your trips are appropriate, legitimate and you maintain a vehicle-use log.

Hiring Your Family Members

As a home business owner, you can hire your children instead of paying them an allowance. Wages paid to a child at least 7 y.o. and under 18 for part-time work are tax deductible to your business, and the money earned by the minor is tax-free to the child — up to ,700 per child, per year.

Telephone Bills

You can also have a tax break your phone bills from your taxes. Nevertheless, the IRS will deem the first phone line as a personal line. Any extra phone lines like a fax line or, sometimes your cell phone can be deducted.

This article was published at Bookkeeping Services of Charlotte, NC
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