by Glenn Schanel, CPA | Apr 23, 2018 | Self-Employed, Tax Advice, Tax Deductions
If you’re newly self-employed, figuring out what you can deduct from your taxes can be confusing. The good news is that you can deduct the same kinds of expenses as the big companies, which are described in IRS Code Section 162 as “ordinary” and “necessary”...
by Glenn Schanel, CPA | Nov 7, 2017 | S Corporation, Tax Advice
No one likes to pay more in taxes than they have to. The desire to minimize taxes makes S-corporations a great choice for many small businesses. Like all pass-through entities, net income of an S-corp is passed through to the owners to be taxed on their personal tax...
by Glenn Schanel, CPA | Jul 14, 2017 | Self-Employed, Tax Advice
In today’s always-on world, it’s often hard to tell where your work ends and your personal life begins. With that blurring of lines, it can be difficult to determine when you’re driving your car for business and when it’s personal use. Using your car for business —...
