The Home Office Deduction – Calculating the Deduction

In the last post, we discussed what is allowable to be considered for the home office deduction. You can read that post at www.abandp.com/the-home-office-deduction-what-qualifies/. Today we’ll discuss how to determine your deduction amount. Calculating Your Home...

The Home Office Deduction – What Qualifies?

If you use part of your home for business purposes, then you are likely eligible for a home office deduction. You could save on taxes, rent/mortgage, utilities, etc and might also be eligible for a larger mileage deduction. This deduction applies to any property...

Church Tax Fraud Embezzles $4.8 Million in Refunds

When we think of tax fraud, we often imagine cyber-criminals who steal our information without us realizing that our identity has been stolen. Hardly do we ever imagine we will meet our aggressor face-to-face. It is cases such as these that teach us to be more...

7 Business Tax Deductions to Consider

As the year starts winding down to an end, we recommend business owners to start looking over their expenses for the year for reporting purposes and to determine the best way to reduce their tax liability. If you are a business owner, you may be entitled to some...

Airbnb to Collect Los Angeles Lodging Tax

Have you heard of Airbnb, a service listing vacation rentals all over the world? If you have used it, you probably noticed you didn’t have the same taxes due as if you had been in a hotel. However, if you’ll be staying in the city of Los Angeles in the...

Retirement Errors to Avoid for Small Business Owners

As Americans get into their senior years, many find that they do not plan their finances as they should have. This may mean that they’ll have to retire later, if at all, leaving them ill-prepared for the hardships that may come in their older years. There are...

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