The Rosetta Stone of Business Taxes…
Taxes… That one word evokes a visceral reaction in almost every American business owner throughout this great country of ours. That is because, as confusing as personal taxes are, business taxes are far worse. Do you depreciate or expense? Is a business dinner deductible if your spouse is in attendance? How do you account for employee stock ownership plans? Should you add a Rabbi Trust to your company in addition to your 401k? How are company cars treated if you use them “off hours”? If you maintain a corporate apartment for company employees visiting your city, what happens when you utilize the apartment yourself? What does the Trump tax plan do to your business taxes?
On and on it goes. The worst part is that there are thousands of variations and permutations that are perfectly legitimate business tax deductions in one scenario and violations of the tax code in the other. Pretty scary stuff…
Don’t worry, Deductions.TAX is here to help. As one major magazine stated, Deductions.TAX is the “Rosetta Stone of business taxes.” We make the complicated simple. That is because we take “accountant-speak” and turn it words the rest of us can understand.
We know you’re busy – you just want the facts – in English…
In almost every article we post about business taxes, we offer an executive summary at the top (three minutes or less) and a detailed explanation, with examples, if you need more information below. We want to make taxes simple for our readers.
So kick back, relax and enter the keyword your are researching at the top right. The tax game is easy if you just have the right information…