Deductions | Thriving Women in Business Community

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. This deduction applies to any property providing basic living accommodations with the exception of areas exclusively used as motels, inns,...Read More

Business Tax Deductions You May Be Able To Use

If you are a business owner, you may be entitled to some (or all) of the following deductions. Talk to your CPA to see which of these may apply to you to reduce your tax liability and make any adjustments...Read More

13 IRS Audit Red Flags

About 1% of all tax returns are audited each year. Here is what you should know in order to minimize your chances of an audit. (more…)

Are You Over-Deducting Gifts?

Tax deductions are helpful—but one very common mistake small business owners make is to over deduct gifts on their taxes. Here’s how to deduct gifts correctly. The cost of business gifts to customers may be deducted whether the gift was...Read More