Tax deductions

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There is Still Time to Make Tax-Deductible Contributions to Your IRA

Investing money into a retirement account is not only a great way to save for retirement, but some qualified retirement plans also allow you to deduct your contributions from your taxes in the year you made the contributions. The April 15th tax filing deadline is right around the corner. While time is already out to contribute to your employer-sponsored 401(k), there is still time to minimize your tax bill by contributing to other retirement accounts. […]

By | 2017-05-18T13:34:40-05:00 March 10th, 2014|Taxes|0 Comments

If You Follow the IRS Rules, Your Business Party or Event Can Be Tax Deductible

Business events and parties are a great way to celebrate and have fun, but they’re also great opportunities to market and promote your company or products, as well as build relationships and network with clients and associates to build your business. But business parties are not your ordinary business expense where the IRS is concerned. Uncle Sam is very strict with tax write-offs and has special rules when it comes to writing off entertainment expenses. Reporting them incorrectly can get your company into trouble with the IRS. […]

By | 2017-05-18T13:34:40-05:00 January 15th, 2014|Taxes|0 Comments