Business Use of Home

If you are self-employed or an employee and use your home for business, you may be able to deduct some expenses. There are very specific requirements. In order to deduct these expenses, part of your home must be used regularly as well as exclusively for business in one of the... Continue reading →

The IRS Examination or Audit Process

The IRS audits, or examines, the tax returns of thousands of people each year. The process helps ensure that individuals and businesses are reporting accurate information – and paying the correct amount of tax. Those selected for an audit have not necessarily done anything wrong. In many situations, the audit... Continue reading →

Tips for Starting a New Business

In a world where there are dozens of informational websites, programs to help would-be entrepreneurs start a business and plenty of other resources for the taking, why do so many new businesses fail? Lack of planning, skill and knowhow are only a few of the reasons behind the failures. Before... Continue reading →