IMPROVING YOUR BUSINESS

December brought significant change to the tax world -- out with some deductions, in with some new deductions and tax rates. However, now...

I can’t make tax deductions appear out of thin air. Trust me, I’d love it if I could - I’d make tons of money. Unfortunately, almost 100%...

A weekend rancher had a profit motive despite years of losses, the U.S. Tax Court ruled. Business owners can generally deduct business...

Is a taxpayer an employee or an independent contractor? The answer is in the details and determines the types of tax the person must pay....

For most people and most businesses, tax planning isn’t complicated. It’s about not making big mistakes and about making a couple of...

You can take advantage of some flexibility in tax rules for retirement accounts, but only if you can prove you qualify. For example,...