by tbcinfo | Sep 1, 2011 | Tax
Is your business office in your home? Did you know that the IRS allows you to take a tax deduction for this? There are however, certain parameters. To qualify, the area must be used regularly and exclusively for business purposes. It should also be a clearly...
by tbcinfo | Aug 1, 2011 | Tax
As with mileage, it is important to keep good records of all your meal or entertainment expenses throughout the year. In addition to the price of the meal (how much), the IRS wants to know the 4 W’s: who you were with – names of your guests why you met – reason for...
by tbcinfo | Jul 1, 2011 | Tax
It is very important to keep a good record of your mileage for tax purposes. You should always record the beginning and ending mileage each year. This is important whether you use mileage or depreciate your vehicle. When you use mileage, you should keep some kind of...
by tbcinfo | Jun 1, 2011 | General, Tax
Vacations are fun and usually for your personal pleasure. However, sometimes you use part of your vacation to explore or expand your business opportunities. If you do this, and keep good records, you will be able to write off at least part of your vacation. To...
by tbcinfo | Mar 4, 2011 | Tax
You might be eligible for a valuable tax credit. A tax credit is a dollar-for-dollar reduction of taxes owed. Some credits are even refundable, which means you might receive a refund rather than owe any taxes at all. Here are four popular tax credits you should...
by tbcinfo | Jan 29, 2011 | Accounting, General, Tax
Personal Property Assessment and Taxation From the Oregon Department of Revenue All personal property is, by law, valued at 100 percent of its real market value unless exempt by statutes. Personal property is taxable in the county where it is located as of the...
