Finance :  Taxes

The formula is pretty simple: your small business must pay taxes on what's left of your revenues after you have deducted all your expenses. That said, it would seem to make sense to claim the maximum allowable number and amount of deductions in order to reduce your tax liability. Luckily, the IRS gives you lots of choices as to tax deductions that...

There is nothing worse than preparing Income Taxes and finding that there were many deductions we didn't keep track of. Not keeping track of deductions can be very costly come tax time. It is very important to keep good records all year round. For every dollar you don't deduct, you could be paying up to 35% back to Uncle Sam. If the dollar has...

More than half of US citizens prepare their own taxes. According to the IRS, over 60% of those make some sort of mistake. Believe it or not, tax payers cost themselves an estimated $50 million annually by not claiming all of their appropriate tax credits. Do you enjoy learning the latest tax laws? Are you organized enough to stay on top of the ever...