Simplified Option for Home Office Deduction
Do you work from home? If so, you may be familiar with the home office deduction, available for taxpayers who use their home for business. Beginning this year, there is [...]
Do you work from home? If so, you may be familiar with the home office deduction, available for taxpayers who use their home for business. Beginning this year, there is [...]
If you itemize deductions on your tax return, you may be able to deduct certain miscellaneous expenses. You may benefit from this because a tax deduction normally reduces your federal [...]
To qualify for a Home Office Deduction, a home office must be used for business exclusively and at all times, and any use for a nonbusiness purpose disqualifies the space. [...]
Now is the time of year when many Americans are using the frequent flyer miles they’ve built up from work-related travel or credit card rewards programs to take the family [...]
Employers given another year to get into compliance with the health care act’s “play or pay” provision! The Patient Protection and Affordable Care Act of 2010’s shared responsibility provision, commonly [...]
The Internal Revenue Service has reportedly posted the Social Security numbers of tens of thousands of people on the Internet before taking down the information when a whistleblower pointed [...]
If you plan to start a new business, or you’ve just opened your doors, it is important for you to know your federal tax responsibilities. Here are five basic tips [...]
Retirement Plans- Tax Rules on Early Withdrawals Did you know....taking money out early from your retirement plan can cost you an extra 10 percent in taxes? An early withdrawal normally [...]
Kids going to Day Camp? You may be eligible for a Tax Credit! Day camp is a qualified expense under the child or dependent care credit, which is worth [...]
Treasury postpones employer health care penalty, information reporting for one year By Alistair M. Nevius, J.D. July 2, 2013 Large employers that fail to provide minimum health coverage for employees [...]
If you allow employees to telecommute, be sure to consider the potential tax implications. Hiring someone in another state, for example, might create sufficient nexus to expose your company to [...]
On July 4, 1776 the Continental Congress approved the Declaration of Independence. As a result, Americans rejoice and celebrate Independence Day each year. As you celebrate, remember that the 4th of July [...]
The IRS has been under fire recently after it was found to target conservative-leaning organizations that applied for tax-exempt status. The scandal has taken many twists and turns and involves [...]
The Burns Firm, Ltd. staff enjoy a day of fun at Lake Cypress Springs. Pictured left to right are Denis Burns, Allison Shike, Cyndi Heard and Jason Rodrigue.
The Burns Firm, Ltd. is proud to support our community: Caring Hearts Charity Golf Classic sponsored by The Burns Firm