February 6, 2014 / by Brett Hess / Uncategorized
Home Office deductions have long been scorned as “too risky” or “not worth the effort”. The bottom line is that if you meet the requirements for a home office deduction there is no greater risk of audit than any other deduction, and IRS has made taking the deduction even simpler. For tax year 2013 IRS […]
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Be Careful with Subcontractors
May 9, 2014 / by Brett Hess / Uncategorized
IRS has again made a point to audit businesses who pay employees as subcontractors. There are a number of tests that must be met to clearly define a person performing services for you as an independent contractor. Three simple tests to consider: 1. Did the person invoice me for their time? 2. Do they perform […]
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Another tax deduction you may be missing
February 6, 2014 / by Brett Hess / Uncategorized
Home Office deductions have long been scorned as “too risky” or “not worth the effort”. The bottom line is that if you meet the requirements for a home office deduction there is no greater risk of audit than any other deduction, and IRS has made taking the deduction even simpler. For tax year 2013 IRS […]
Read more