Year-End Tax Planning
The end of the year is fastly approaching. Here are some strategies business owners can adopt to reduce their tax bill.
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Steve Julal
- Jul 10
When do Valuable Gifts to Charity Require an Appraisal?
If you donate valuable items to charity and wish to claim a tax deduction, you may need a gift appraisal. Here's what you need to know.
Steve Julal
- Jul 2
Selling an Appreciated Vacation Home - Tax Scenarios
Owning a home that has increased in value is typically beneficial. However, the federal income taxes owed from the sale can be complex.
Steve Julal
- Apr 17
Keys to Less Painful IRS Audits - With Case Study
Thorough record-keeping and legitimate business expenditures are very important for less painful IRS audits.
Steve Julal
- Apr 8
Tax Rules for Vacation Rental Properties
Are you purchasing a vacation rental house or already own one? You might be curious about the tax implications of renting it out.
Steve Julal
- Mar 14
Take a Business Trip with your Spouse? Here’s What you Should Know about the Business Expense Write Off
As a traveling business owner with your spouse, you may consider claiming your travel expense as deductions. Discover what is deductible.
Steve Julal
- Mar 7
Build a Tax Favored Retirement with an IRA
Do you have a traditional or Roth IRA? Did you know your contributions can be used as a tax deduction? Learn how.
Steve Julal
- Feb 12
Donate to Charity Last Year? Support your Tax Claims with the Proper Documents
Did you donate to charity last year? Make sure you have the proper documentation in order to submit along with your returns.
Steve Julal
- Jan 22
Claiming Medical Expenses as Tax Deductions
Some of your medical expenses will be deductible on this year's federal income tax return. But did you know you could claim more? Read more.
Steve Julal
- Dec 7, 2023
Reduce your 2023 Tax Bill in these 4 Ways
If you’re concerned about your 2023 tax bill, here are four quick strategies that may help you trim your taxes before year end.
Steve Julal
- Oct 25, 2023
Business Vehicles & the Tax Depreciation Rules
If you operate a business vehicle, you may wonder how depreciation tax deductions are determined. Read to understand more on how to deduct.
Steve Julal
- Oct 20, 2023
Casualty Loss Tax Deductions
Before the TCJA, eligible casualty loss victims could claim a deduction on their tax returns; however now, there are restrictions. Read More
Steve Julal
- Oct 11, 2023
Non-Deductible Business Expenses - Expenses that CAN'T be Written Off
To deduct business expenses on your tax returns, your expenses must be ordinary, necessary, and reasonable.
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