Author archive for iqmadmin

Travel expenses are “ordinary and necessary” expenses while away from home for the primary purpose of business. Keep all...

If you use part of your home for business, you may be able to deduct expenses for the business...

Entertainment includes any activity generally considered to provide entertainment, amusement, or recreation. Generally, to be deductible for tax purposes,...

If you give gifts in the course of your trade or business, you can deduct all or part of...

Calendar vs. Fiscal Each taxpayer must figure taxable income on the basis of an annual accounting period for keeping...

With the resolution of the year-end fiscal crisis just hours old, the next political confrontation is already taking shape...

On Dec. 31, 2012, the United States government officially hit its current authorized borrowing limit — also known as...

Certainly you have heard about both the House and the Senate signing the American Taxpayer Relief Act due to...

Below is a summary of many of the key provisions of the Act. Interesting how the Act, when netted...

Pulling back from the “fiscal cliff” at the 13th hour, Congress on Tuesday preserved most of the George W....