I will be the guest presenter tomorrow at EventEnsemble's online group - W2 vs 1099 - Choose Wisely or pay the Price. What's the big deal? It's gonna be great :)
Bullet Proof Your Taxes
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How can you win the game if you don't know the rules? I help you "Keep more of what's yours from becoming theirs - spelled THE IRS!
01/01/2025
Do you use your car for business? Get out the party supplies: pencil, memo book, auto log or calendar. Write down your car's ending odometer reading on December 31st. Celebrate! You've made an important step in your mandatory Auto Log. This same number is the beginning odometer reading on January 1st in the Happy New Year
When you hear IRS, do you feel a chill down your spine? 😱 You're not alone! As someone passionate about teaching small business owners the ropes, I can confirm that knowledge is power when it comes to taxes. Remember, preparation now saves the drama later. Keep calm and conquer those challenges! 💪
Today, June 14th is FLAG DAY. I LOVE our country and the basics of it's foundation. Red white and blue, long may it wave.
We all have survived April 15th, 2024. First we take some "ME" time and then we focus on finishing returns on extension.
01/01/2024
Happy New Year!
If you use your car for business, you need to keep a lot of your mileage. And one of the things you must document is the total miles driven during the year as well as the business miles driven. You also want to track miles driven for medical and moving purposes and for charity.
Today is THE DAY to write down your beginning odometer reading. Keep it in your car on whatever recording method you choose to use. Personally, I have a small calendar book and record the Beginning Odometer reading on January 1, the miles driven per various appointments I identify on the day driven. And I record the Ending Odometer reading on December 31.
The Ending Odometer reading for the year just so happens to be the Beginning Odometer for the very next year. Keep a log for each year you want to deduct business use of your car.
08/10/2023
Clutter may be good for IQ, but it interferes with my productivity. 🤨
Some things we used to deduct are still no longer deductible. Now we have an increased standard deduction based on your filing status. Your filing status is determined by your marital status. Are you Single? Married Filing Jointly? Married Filing Separately? Widowed? Head of Household? Confused?🧐
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