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

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

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

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

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

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

To take a business deduction for the use of your car, you must determine what percentage of the vechile...

IRA, SEO, SIMPLE and 401(k) Plans Whether your retirement days are near or far, you should be aware of...

Every business taxpayer is required to have an accounting method to report income and expenses. The two most commonly...

Of all the choices you make when starting a business, one of the most important is the type of...