August 26, 2014
As with domestic travel (i.e., travel within the 50 U.S. states and the District of Columbia), you can deduct all of your travel expenses if the trip is entirely for business purposes. Otherwise, you’re entitled to travel deductions only if the primary purpose of the trip is business-related. Again, the days spent on business versus…
August 25, 2014
It is well-known in tax circles that taxpayers can deduct the cost of traveling “away from home” on business. For this purpose, your tax home is usually your principal place of business. As an example, if you live and work in New York and fly to L.A. for a two-day whirlwind of business negotiations, the…
August 22, 2014
Business continues to slump for Las Vegas homebuilders. Local developers sold 499 new homes last month, down 23 percent from July 2013, according to a report out today from Las Vegas-based Home Builders Research.
August 22, 2014
Google Maps Business View allows people to step inside and tour a building without leaving their home. The virtual tour, an extension of Google Maps Street View, gives business owners the ability to showcase their space online with 360-degree panoramas and close-up photos.
August 22, 2014
Alexis Tubman wants to bring a nonexistent business to Augusta, but like many entrepreneurs, she needs funding and needs to know how to get it.
August 22, 2014
Personal and business finance software maker Intuit has released the latest version of Quicken 2015 for Mac, which offers a new, clean and simple interface designed specifically for Mac users, as well as new investment management capabilities. The program also syncs with a free mobile companion app providing the ability to photograph and track receipts…
August 22, 2014
A San Antonio woman was sentenced Thursday to 37 months in federal prison for pilfering nearly $300,000 from the payroll taxes of a local printing company.
August 21, 2014
Business taxes account for 44.9% of all state and local taxes.
August 21, 2014
Frequently, the IRS challenges deductions for business-related driving expenses, especially when they involve local travel. Start with this basic premise: To qualify for transportation deductions, you must be traveling away from your tax home to a business location. For this purpose, your tax home is generally your principal place of business, not the place where…
August 21, 2014
The more things change, the more they stay the same. Despite the thousands of revisions to the tax code that are made each year, the IRS continues to focus on travel and entertainment (T&E) deductions in audits of business taxpayers.
August 20, 2014
The American Institute of CPAs has opened the enrollment period for the 2014 Accounting Competition, with a total of $40,000 in awards at stake. The fifth annual competition challenges teams of undergraduates to play the role of management accountants and combine their accounting and financial expertise with strategic insight to help guide business decisions.
August 19, 2014
The economic uptick over the past year has led to renewed interest in retirement savings, according to Deloitte's 13th Annual Defined Contribution Benchmarking Survey.