It seems that I get question after question regarding what is taxable for Dentist. I created the following checklist to provide a broad stroke of what can be deducted in the Dentist business. Enjoy, and please feel free to comment below or ask a question! 1. Office Rent You should know where your lease is. [...]
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The 2010 Tax Relief Act extends for two years the Bush-era tax cuts, provides significant estate tax relief, and includes a two-year AMT “patch.” It also contains important new tax breaks for businesses and individuals, including 100% first-year write-offs of qualifying property placed in service after Sept. 8, 2010 and before Jan. 1, 2012, and [...]
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There were a bunch of rumors spread among the accounting community recently that the IRS has eliminated the capability for execs who operate their business as an S Co. to get distributions from their corporations instead of a wage or income. On May 28th, 2010, The House passed the North American Roles and Closing Tax [...]
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The following article is a fundamentally sound bit of advice from the managing editor of PowerHomeBiz.com, Isabel M. Isidro. Enjoy! Is there a way to determine whether you can be a successful entrepreneur, or you are better off to work for somebody else? Alas, there is no formula for success. However, most successful entrepreneurs share [...]
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