ARCHIVED BLOG POSTS
2008
14
Comments
If you give gifts in the course of your business, you can deduct all or part of the cost, but you cannot deduct more than $25 for each business gift that you gave away during the tax year. A gift that is intended for the eventual personal use of a person or class of people is considered a gift. ...
04/24/2008
One thing that we do really well is respond to people who comment on OUR blogs... Of course, it's the right thing to do! If someone takes the time to go out of their way and read your blog, and post a comment on your blog, that's obviously a nice gesture... You should at least take the time to co...
04/16/2008
9
Comments
I hope you're all done with your taxes... if not, do you really have time to read this??? Well, for whatever reason, you might be interested, so here's another tax tip I'd like to share. Here's a bright idea: Pay your kids to do some of your work (like on properties you own), and put the money i...
04/14/2008
Start-up expenses are costs incurred while creating a business or for investigating the creation of an active trade. This includes expenses incurred when acquiring an existing activity. Business start-up expenses are usually capitalized, but you can elect to deduct up to $5K of business start-up...
04/11/2008
10
Comments
I received a message today, and I thought it was incredibly interesting. I forwarded it to everyone I know, and I thought it would be nice to share with everyone here. It's about a guy who has been working in the petroleum business for 31 years, and his tips on pumping gas. Sounds almost like it...
04/09/2008
Buyers, Sellers, HOMEOWNERS AND INVESTORS !!! I looked through over 100 Realtor websites today. You might ask why - I'll get to that in just a bit. This is one of the common things that I saw: Let me guess: you were trying to make it easy for the buyers to get to the buyer section, and the seller...
04/04/2008
10
Comments
When traveling away from home on business, you may incur expenses for meals and entertainment. You can deduct 50% of meal and entertainment costs incurred when traveling locally, overnight, or long distance for your rental (business) activity. So if you get hungry driving across town while going...
04/01/2008