There's an old saying that it takes money to make money, and that's often the case for small business owners. It's common to incur expenses on everything from marketing and travel to supplies and ...

Employees used it to claim tax deductions for unreimbursed ... In Part I, employees were required to list all unreimbursed business expenses, such as airfare, lodging, parking, tolls, and car ...

Here is a list of our partners and here's ... it both ways before filing. Yes, you can deduct self-employment tax as a business expense. It's actually one of the most common self-employment ...

Navigating the complexities of tax season can be daunting, especially when deciding between a tax deduction or a tax credit.

are “common and generally accepted in the business,” while necessary expenses are “those that are deemed appropriate.” Here’s a list of common tax deductions if you have rental income ...

Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the ...

In the first few weeks of 2025, boards of directors have started asking what steps a company is taking to protect their CEO.

In most cases, personal loan interest is not tax deductible because you generally can't deduct personal expenses. There are certain situations where personal loan interest is tax deductible, like if ...

A special assessment is an additional fee that an HOA may impose to cover unforeseen expenses. Unlike regular HOA dues, special assessments are typically only applied in emergency situations. If the ...