In case the first five tax deductions weren’t enough (and let’s face it, you can never have too many tax deductions!), here are five more deductions that can save you a lot of money come tax time.
6. Professional Fees and Classes Deductions. You may have already known that you can deduct certain office equipment, your home office supplies, and health insurance, but did you know that you can also deduct many of the other costs of having a job? Any professional fees that you pay to continue in your career are deductible on your tax return, as well as much of the costs of attending classes, seminars, and training sessions. Subscriptions to professional journals, newspapers, and books are also included as tax deductions. Finally, don’t forget any membership fees you pay to trade organizations, professional groups, or chambers of commerce! All of these things will earn you quite a large deduction on your tax return as long as you keep track of what you spend and save your receipts. Continue reading
January is winding down meaning that tax season is officially upon us. Gone are the carefree days of the holiday season and now the inevitability of taxes is looming ahead. Don’t lose heart though! Paying taxes is a requirement but paying too much in taxes is not. 2011 presents new opportunities to excel at preparing your taxes by using the allowable deductions to your advantage. Here are five of the most commonly missed tax deductions. Learn them. Love them. Use them on your tax return this year. Continue reading
It’s not easy to start a new business. Navigating business law, formalizing your business structure with the Secretary of State, opening a new bank account, getting loans, and hiring can be complicated.
Did you know that after registering a business several filings may be required on an annual basis? Furthermore, there are tax deadlines that must be met in association with corporate entities. MyCorporation can help with MyIncGuard®.
MyIncGuard sends monthly reminders about annual reports, quarterly tax returns, year-end notices, and much more! For a limited time, you will also receive a FREE electronic version of the NOLO Corporate Handbook, providing forms and instructions to operate a valid business. In addition, you’ll receive many sample employment and business-related documents for use throughout your business lifecycle.
Sign up today and help ensure your business stays in compliance with state and federal requirements. Click here to find out more.
Starting a new business can be confusing – many people do not know what to do to maintain a corporation. While it’s not complicated, when you don’t know what do to, corporate maintenance can seem like a daunting task.
Once your corporation or limited liability company has been formed, MyCorporation can help you manage the future of your new entity with MaintainMyBiz. With this corporate maintenance package, you select the filings you need for your business and we file them whenever you’re ready. With 18 products and services to choose from, you can customize your package to meet your business needs.
What’s Included? You can select up to 4 filings every 12 months from the following list of 18 products and services: Continue reading