Toll Free U.S. & Canada

1-888-473-7967

Tax Tips

Claim a Charitable Donation as a Business Expense

Jun 01 2014
Off
Can you really claim a charitable donation as a business expense instead of as a charitable contribution? With a little creative tax planning, the answer is yes. If you fall into one of the following scenarios then, then this strategy will be advantageous to you: a)      You
Read More

Get A Tax Deduction For Your Vacation Home

Jun 01 2014
Off
Wouldn’t it be nice if you can get a tax deduction for your vacation home? In this article, we’ll show you how we helped one of our clients turn their vacation home into a tax deductible business asset. Now, we have to warn you, the laws are complex and even the slightest
Read More

Why an S Corp Needs to Reimburse its Owners Travel Expenses

Feb 24 2014
Off
,
Do you incur business related travel expenses on behalf of your S Corporation? Are you an employee of the S Corporation? Do you have your S Corporation reimburse you for these travel expenses? If you answered yes to the first two questions and no to the last question, then you
Read More

How to Deduct Rental Property Losses

Feb 24 2014
Off
Are you showing a tax loss on your rental property investment? Are you unable to deduct the loss because your income is over $100,000? Do either you or your spouse not have a full time job? If you said yes to all three of the above questions, then either you or your spouse should
Read More

Beware The Tax Impact of Incentive Stock Options (ISO)

Feb 24 2014
Off
At Gedeon Law & CPA, we deal with a lot of clients who are issued Incentive Stock Options (ISO) by their employers. Recently, one of our client’s who works at a well known video game developer contacted us about exercising some of her ISO. The company’s shares are currently
Read More

Last Minute Year End Tax Savings For Businesses

Dec 21 2013
Off
, ,
In the spirit of giving this holiday season, Gedeon Law & CPA put together a quick list of some simple last minute tax strategies that can help reduce your year-end tax liability. Stop Invoicing Customers For taxpayers on a cash basis, this easy strategy will instantly reduce
Read More

How to Write Off Business Gifts

Nov 30 2013
Off
,
The holiday season is upon us. So like many business owners, you want to send a gift to a business associate, a referral source, a key customer or your favorite CPA to foster goodwill. Unfortunately, when it comes to gift giving, Uncle Sam is more like Uncle Scrooge. Why? Because
Read More

Being An Artist Can Be Taxing

Nov 23 2013
Off
Some guys have all the luck Some guys have all the pain Some guys get all the breaks Some guys do nothing but complain – Rod Stewart When it comes to taxes, some guys definitely have all the pain and may end up doing nothing but complaining. How so? Well, let’s take the
Read More

Save on Taxes By Getting Married Before Year End

Oct 28 2013
Off
“If love is blind, I guess I’ll by myself a cane” W. Axl Rose   While love may be blind, your tax planning when it comes to getting married shouldn’t be. Why? Because some couples are surprised to learn that getting married may actually result in a higher tax liability than
Read More

How to deduct Entertaining Your Spouse and Kids?

Oct 28 2013
Off
,
Can you get a tax write off for taking your spouse and kids to see a Rolling Stones concert? You’re probably thinking “you can’t always get what you want.” So of course the answer must be no. Well, you’ll be surprised that sometimes, with the right tax planning, not only can you
Read More
12345

Testimonials

“Licensed as both an attorney and a CPA, Mr, Gedeon achieves superior results for clients facing tax and IRS matters. His superb and detailed knowledg… Read more

 Jonathan K., Los Angeles, CA
Tel: 1-888-473-7967
©2013 Gedeon Law & CPA. All Rights Reserved