Small Business Tax
Don’t Rob Yourself of the Home Internet Deduction
If you do some work at home, you’re probably using your home internet connection. Are your monthly internet expenses deductible? Maybe. Home internet expenses can be deducted by business owners in the same way as home utility costs. But a lack of good records can booby-trap this deduction.
ESTATE PLANNING
Estate Planning Strategies in the Pandemic
We took a deep dive into the 263 strategy articles that apply to the self-employed and pulled out 10 that you should spend time with.
BUSINESS TAX
Two Correct Ways to Deduct Your Home Office with a Partnership
With the COVID-19 experience, you and your partners may be doing a lot of work from home or even working from home primarily. Is the home-office deduction in the mix? If so, because you are a partner, your options for getting a tax benefit for your home-office deductions are tricky. But no worries, we’ll tell you about the two options to use and two options to avoid.
You might be ready to cash in by subdividing and developing your acreage and selling off parcels for big profits. Great, but what about taxes?
Good question, because there’s a big issue to consider.
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E-GUIDE: Cryptocurrency and taxes: What you need to know.
Cryptocurrency is weaving its way into the fabric of U.S. and global markets. Many taxpayers are utilizing it to supplement tax planning and solve business problems. Be sure to include tax issues as you consider how you own or use cryptocurrency.
SPOTLIGHT
