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Business Expenses

Tax Tips for Healthcare Professionals

Mark Steber | Posted 06.24.2016 | Business
Mark Steber

According to the Bureau of Labor Stats last year, 12 of 20 of the fastest growing occupations were in the healthcare industry. If you are one of the ...

Using Strategic Expenses to Enhance Your Cash Flow

David Finkel | Posted 07.08.2016 | Business
David Finkel

If you're looking to run a lean, efficient business, where are the places you should and should not spend money? Here is a simple distinction that will help you make smarter strategic choices for yourself. The distinction is between "strategic expenses" and "non-strategic expenses."

5 Simple Home Office Changes, to Reduce Business Expenses

Nancy Laws | Posted 07.04.2016 | Business
Nancy Laws

Running a business costs money, it's a clear and indisputable reality of being a business owner. As a mom, I am always looking for great ways to save money at home, from ways to save on food, household supplies, clothing, and so much more, it only makes sense that I would apply the same strategies to my business.

Charitable Deductions for Animal-Rescue Volunteers

Julian Block | Posted 09.01.2014 | Money
Julian Block

When the annual reckoning with the IRS rolls around, their willingness to help out entitles them to write-offs for unreimbursed expenses incurred while they do volunteer work for rescue groups like the Humane Society of the U.S and the ASPCA.

Man, Woman, Money, Taxes

Julian Block | Posted 08.30.2014 | Business
Julian Block

The courts often have to resolve the troublesome question of whether a tax-free "gift" was actually a payment for services rendered. Not surprisingly, the question has come up when the IRS insisted on its share of sizable amounts received by women from men who weren't their husbands.

Tax Court Upholds Business-Expense Deduction for Topless Dancer's Breast Implants

Julian Block | Posted 07.08.2014 | Divorce
Julian Block

Just because you incur expenses for business reasons doesn't mean that they automatically qualify as deductible. The Internal Revenue Code stipulates ...

What's Deductible for Legal Fees When Couples Divorce

Julian Block | Posted 04.05.2014 | Divorce
Julian Block

The IRS prohibits any deduction for the cost of personal advice, counseling and legal action in a divorce. For example, there's no write-off for what a husband spends to resist his wife's demands for more alimony or to set aside a pre¬nuptial property agreement.

Audit Survival Strategies

Julian Block | Posted 03.15.2014 | Money
Julian Block

Just because you can back up every item on your return, don't think you can forget about an audit. Those relentless IRS computers may bounce your retu...

Tough Rules for Home-Office Deductions

Julian Block | Posted 03.04.2014 | Business
Julian Block

The law allows freelancers and other individuals who work at home to claim home-office deductions only if they pass a series of tests. You must use a ...

Financial Tips That Ease the Sting of Divorce

Julian Block | Posted 02.24.2014 | Divorce
Julian Block

Educate yourself for financial planning. In this lumbering economy, it's more vital than ever that you assume greater responsibility for your financial future.

No Tax Break if Client Stiffs You

Julian Block | Posted 02.11.2014 | Money
Julian Block

Why should freelancers forget about any kind of relief when they fill out their tax forms?

How The Tax Rules Work When You Refinance Your Home Mortgage

Julian Block | Posted 02.09.2014 | Money
Julian Block

Recent drops in interest rates have prompted millions of households to refinance their mortgages. Borrowers who refinance need to familiarize themselves with tricky tax rules on what is or isn't deductible for interest payments. Here are some reminders on how the rules work.

5 Ways to Manage Higher Small Business Shipping Costs

Melinda Emerson | Posted 05.18.2013 | Small Business
Melinda Emerson

Justin Amendola, Pitney Bowes' shipping expert, shares tips on how we as small business owners could keep our shipping costs under control.

IRS Denies Self-Employed Profits

Nancy K. Humphreys | Posted 05.08.2013 | Business
Nancy K. Humphreys

Self-employed business owners desperately need tax reform. But no meaningful tax reform for self-employed will take place until the IRS dumps its Chim...

Give a Little Less to the IRS

Julian Block | Posted 01.07.2013 | Money
Julian Block

Individuals who reduce their income taxes with itemized deductions are aware that they can claim contributions to schools, religious organizations and other favorite causes. But many of them are unaware of other opportunities.

5 Simple Steps To Protecting Your Finances Post-Split

Julian Block | Posted 12.01.2012 | Divorce
Julian Block

There are simple steps that divorcing spouses should take to protect themselves financially.

Some Presidential Words on Federal Income Taxes

Julian Block | Posted 08.22.2012 | Money
Julian Block

Income taxes are such a pervasive and everyday part of our financial lives -- and such a central issue in presidential campaigns -- that they seem to have been around forever. They have not. Their debut is relatively recent.

No Tax Break If Client Stiffs You

Julian Block | Posted 10.06.2012 | Money
Julian Block

Contrary to what many self-employed individuals believe, long-standing regulations usually prohibit most of them from claiming bad-debt deductions on their federal and state returns when they are unable to recover amounts due from clients and customers.

Trouble Come Tax Time?

Julian Block | Posted 09.26.2012 | Divorce
Julian Block

Fact is, whether Brad, Angelina, Jennifer, Bristol, Levi, Snooki, or anyone else is hooking up, breaking up, or something in between, the odds and ends of their relationships are grist for the Internal Revenue Service mill.

Should You Expect An Audit?

The Huffington Post | Rieva Lesonsky | Posted 04.23.2012 | Small Business

It may be a little late to dispensing tax advice, but often the best time to start preparing for next tax season is while the IRS is still fresh on yo...

How Does a Career Change Affect My Taxes?

Women & Co | Posted 06.10.2012 | Money
Women & Co

Have you made a job transition in the past year? Keep reading to learn some of the ways your recent change could affect your taxes.

The Legislative Impetus for Using a Personal Credit Card to Fund Business Spending

Odysseas Papadimitriou | Posted 05.25.2011 | Business
Odysseas Papadimitriou

Many small business owners assume they should fund their companies with business credit cards. However, personal credit cards are actually often the best spending vehicles.