Don't Miss Taking These Tax Deductions for 2009
By Jan Zobel, EA

As 2009 came to a close, Congress continued to debate further tax law changes even after approving several new tax bills during the year. Most of the provisions in the new bills affect personal, rather than business, deductions. It’s important to keep informed about any changes that could affect your business tax liability but don’t forget about the old stand-by business deductions, most of which haven’t changed.

“Tax season is one of the most vulnerable times for individuals, as U.S. mailboxes are flooded with documents filled with sensitive personal data, creating easy opportunities for identity theft

The Key is Good Recordkeeping

 You’ve probably heard the expression, “It’s not what you make; it’s what you keep that matters.” One of the ways you can keep more of your business income is by reducing the taxes you pay.

Don't Miss Taking These Tax Deductions
by Jan Zobel, EA

April 15th’s tax deadline is approaching quickly. Are your records in order, ready to provide you with maximum tax deductions? It’s not too late to take action now that will result in April tax savings. Here are some reminders for self-employed individuals and independent contractors.