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Once you’ve got people on payroll, you may very quickly learn why some companies choose to provide cars for their employees. Sound expensive? Well, it might be. However, you may be surprised to learn that in some cases, it’s actually less expensive than the alternative. Let’s dig into the pros and cons of both options.

Pros:

You can take advantage of a slew of deductions including depreciation, maintenance, gasoline, tires and loan interest, just to name a few. We all love deductions, right? Any personal use is reported on the employee’s W-2 as taxable compensation. Insurance may be cheaper because businesses have a lot of discounts and special rates at their disposal. If you’re already providing company cars and not… Read more →

Sometimes, figuring out how to run a business and managing the ins and outs of the day-to-day tasks is completely overwhelming. This month, we want to take you back to basics as we focus on office infrastructure.

The first question that needs to be considered is whether you should work from home or if you’ll be better equipped to run your business in a traditional workspace. There are a lot of things you need to consider when making this choice. At first glance, it may seem that working from home is the best choice because, well, it’s free; however, while working from home is easy on your budget, it has its own set of unique challenges that may or may … Read more →

Last week we started our series by sharing 8 Ways to Legitimize your Deductions. This week, we want to inspire you a little bit. What expenses can you claim?

Tax codes can be overwhelming. Navigating the always changing, always gray area of deductions can give even the most experienced tax advisors a migraine. However, if you learn how to play your deduction cards right, you’ll find yourself keeping a lot more money than you might expect. This can be especially true when it comes to medical deductions. With just a few, simple adjustments to your tax strategy, it can almost feel like the IRS is paying people to get healthy!

Here are 9 wacky medical deductions that actually worked:

Alternative Read more →
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