Business Financing-Don’t Intermingle Funds!

Learn To Save More Business Financing-Don’t Intermingle Funds! Intermingling Funds A common problem with single-owner and other closely- held corporations is intermingling of funds. This occurs when a corporate shareholder uses his or her personal checking account for corporate deposits or payment of corporate expenses.  Separation of funds can be a key in preserving the liability protection of the corporate …

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Tax Deductions for Your 2020/2021 Hybrid Automobile

Learn To Save More Tax Deductions for Your 2020 Hybrid Automobile Recently for alternative fuel strategies, much confusion has arisen regarding tax incentives for hybrid vehicles. This article clarifies the issue for you. Tax Deductions for Your 2020/2021 Hybrid Automobile People buy hybrid vehicles for different reasons. They are good for the environment. They get …

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Tax Credits Available For New Furnace Buyers

Learn To Save More Tax Credits Available For New Furnace Buyers Not letting hot air get lost up the chimney has its rewards. Many homeowners who are replacing their furnaces are choosing high-efficiency models to help combat rising heating costs. High-efficiency furnaces, however, can be more expensive in the short term than their standard-efficiency counterparts. …

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Tax Advantages Of A Limited Liability Company

Learn To Save More Tax Advantages Of A Limited Liability Company There are several advantages to establishing a limited liability company and many of these compensations revolve around the tax advantages. A limited liability company if often sought as a third alternative to forming a corporation or a partnership. Many corporations are formed because they …

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Standard Mileage Deduction Rates – 2020 and 2021

Learn To Save More  Standard Mileage Deduction Rates – 2020 and 2021 If you’re in business, you’re interested in the IRS mileage deduction rates. The 2020 rates fluctuated because of high gas prices and now the 2021 rates have been released. Standard Mileage Deduction – 2020 The IRS usually issues different mileage deduction rates every …

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Taxes The Texan Way

Learn To Save More Taxes The Texan Way There is an adage that claims that the only things certain in life are taxes and deaths. One could presume that tax laws are as easily determined and understood as one identifies death. When a person stops breathing and his brain stops functioning, he’s dead. However, this …

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