January 2015

17 Jan Here’s How You Turn Your Vacation Into Tax-Deductible Business Travel

Posted at 18:08h in Business Deductions

Isn't it about time you took a vacation? You can solve both the time and cash problems when you convert the vacation into a business trip, and deduct your travel expenses. When you travel for business, you can deduct 2 types of expenses: Transportation Expenses. The cost of...

17 Jan ObamaCare and Your Taxes

Posted at 10:55h in Individual Tax

Here are 5 important points that you should know about the new Health Insurance and your taxes: Watch the mail for From 1095-A. If you enrolled in a Marketplace healthcare plan in 2014, you'll get this new form in the mail from the Marketplace by early...

06 Jan Rules You Need to Know for 1099 Filings

Posted at 11:52h in Business Deductions

If you are a business owner, this is an extremely important briefing. The general rule is that business owners MUST issue a Form 1099-MISC to each person, partnership, Limited Liability Company (LLC), or Limited Partnership (LP) to whom you have paid $600 in services, rents, or...