Back to School Tax Time
Now’s the time of year when kids across America start heading back to school. New kindergartners eagerly don their snazziest big-kid outfits to pose for smiles and pictures. (The tears come after they get dropped off. We’re talking the mom and dad, of course.) New high-schoolers hit the snooze button and look forward to sleeping […]
Go For The Gold
For awhile there, it looked like the just-concluded Rio Olympics would be a carnival of chaos. Golfers boycotting to avoid the Zika virus? Check. Swimmers making their way through raw sewage? Check. And those were just the disasters we anticipated before the opening ceremonies! Who could have predicted divers splashing into a pool of green […]
How To Get Out Of Your Vehicle Lease With Benefits
You love your lease vehicle. It’s fun to drive. It’s still has a “new car smell”. However, the miles are racking up. Plus, you suspect that you’re not going to fulfill the terms of the original lease agreement. What should you do? Can you get out of your vehicle lease with benefits to your tax obligations? […]
Up In Smoke
The Mafia. The Mob. La Cosa Nostra. Call it what you will, this “certain Italian-American subculture” has a long and storied history. Mobsters like Al Capone, Henry Hill, and John Gotti have become folk heroes of a certain sociopathic sort. Fictional mobsters make special guest appearances alongside pop culture icons — witness The Simpsons’ “Fat […]
Lease Vehicle Tax Deductions You Could Easily Miss
I hate to see business owners give away their money. But it happens all the time. Business owners who try to do their taxes on their own miss out on money saving opportunities because they don’t know tax law. An example of this is when you overlook tax deductions on a lease vehicle for business […]
The Darker Side of Reality TV
Americans can’t seem to get enough of reality television. Most critics think that’s because reality TV presents us as we all aspire to be. Something about the camera seems to bring out the best in people, whether they’re bachelorettes, drag queens, or cake chefs. Reality TV is where we go to restore our faith in […]
3 Expert Tips To Buy Or Lease A Car For Business
The decision to buy or lease a car for business is not only about money. Yes, there are financial considerations, but as a business owner, the right decision is what is right for you. Let’s look at 3 expert tips to consider when deciding to buy or lease a car for business. 1. What You Get […]
How To Know If You Have A True Car Lease
For tax purposes, it’s important to know if the vehicle you think you have purchased is a real purchase. The same applies for leases. In fact, ensuring that vehicle “leases” are true leases and “purchases” are true purchases isn’t just a formality. According to Frank Lyon Co v U.S. 435 U.S.561 (1978), the IRS looks […]
Like This!
If you’re like most Facebook users, you get plenty of friend requests from people who aren’t really friends. Co-workers you never respected from your last job; classmates you never really liked 30 years ago; annoying blowhards you meet at your in-laws’ anniversary party. If you’re lucky, you can just ignore those requests and hope […]
Now That’s Prime!
Americans love peeking into the wallets of the rich and famous. Just how much are they really worth? How did they get there? And who’s on top of the pile? For years, Microsoft founder Bill Gates ($76 billion) has been the king of that particular gilded hill, with Berkshire Hathaway chief Warren Buffett ($65 billion) […]