Whether you are an entrepreneur business owner or travel to appointments on behalf of your employer, keeping track of your mileage is key if you want to be able to deduct travel expenses come tax…

If you have an Individual Taxpayer Identification Number (ITIN) rather than a Social Security number (SSN) you may need to take action or you’ll be unable to file a tax return for 2017. Here is…

Section 179 expensing can be a very powerful tax-planning tool for small- and medium-sized businesses acquiring capital assets. While it doesn’t change the amount of depreciation you can take over the life of a capital…

Knowing whether you can or can’t expense a purchase for business purposes can be complicated. That’s why there are a few hard and fast rules to help you make the best decisions. According to the…

Tips on handling an IRS notice with ease.   IRS notices can be a cause of fear and added anxiety for taxpayers, but with an accountant on your side, the process doesn’t have to be…

If your company’s revenue starts to falter, payroll may be a place you look for spending cuts. But before opting for layoffs as a quick and easy means of recovering profitability, consider this: the decision…

Alloy Silverstein’s Tax Tip of the Week Some homeowners and landlords may be faced with a high cost of home improvements. Normally, they are not considered deductible on a personal tax return. However, if improvements…

As a follow up to end-of-year individual tax planning tips, Associate Partner Rich Middleton, CPA offers 12 considerations for small businesses when it comes to business tax planning.   Better late than never.  If you…