Here’s a question I received from one of my clients: “I will hire my 15-year-old daughter to work in my single-member LLC business, and I expect

The IRS noticed that average gas prices across the United States exceeded $5.00 a gallon and took action. Small businesses that qualify to use and

You may not have thought of this but taking a cruise ship to Mexico for a business meeting is acceptable as a deductible form of

Tax-advantaged retirement accounts such as IRAs are a great way to save for retirement. But when you establish a traditional IRA with a bank, a

Do you have a sideline activity that you think of as a business? From this sideline activity, are you claiming tax losses on your Form

Tax Credits for Schedule C Businesses without Employees   Obtaining a tax credit is the next best thing to paying no taxes at all. The

  Are you thinking about buying personal property (such as a car, a computer, or other equipment) or real property (such as a building)? If

Taxes are the single largest expense a self-employed person pays year to year. In your lifetime, you will almost certainly give more of your money