Toll Free U.S. & Canada

1-888-473-7967

Tax Deductions

Tax Deduction For Your Child’s Education

Apr 02 2013
Off
, ,
Recently, one of our clients contacted us about hiring her daughter to work in her business. Her daughter is currently in college and our client was curious if she could claim her daughter’s education costs as a business expense. My client’s daughter is 21 years old
Read More

13 Year End Tax Planning Tips

Mar 04 2013
Off
,
As we enter the last quarter of the year, it’s a good time for business owners to start thinking about year-end tax planning opportunities for 2012 and to start planning for the following tax year when it comes to growing cash flow, structuring business operations and
Read More

How to Get A Tax Deduction For Your Dry Cleaning

Feb 25 2013
Off
,
Most people know the IRS generally doesn’t let you take a tax deduction for dry cleaning your clothes. But if you are lucky enough to travel frequently on business, then the IRS gives you an opportunity to claim a tax deduction for dry cleaning as a travel expense. Case in
Read More

US Tax on Your Canadian Investments

Feb 18 2013
Off
, , , , , ,
Canadian residents who emigrate from Canada are generally deemed to have disposed of their capital property equal to the fair market value on the date of emigration, with any resulting gain or loss subject to Canadian tax (“Departure Tax”). For Canadians emigrating to
Read More

Get A Big Tax Write Off Playing Golf

Feb 14 2013
Off
, ,
The March 2, 2013 Celebrity Golf Classic event hosted by the Canada-California Business Council (CCBC) to benefit the March of Dimes Canada and ProCon.org will not only benefit two great charities but also counts as a 100% entertainment tax write off for golfers and spectators.
Read More

New Simplified Home Office Deduction

Feb 12 2013
Off
, ,
The IRS has recently announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes. Beginning with returns for 2013, which will be filed in 2014, taxpayers can write-off
Read More

Let Your Business Pay For Your Child’s College Nest Egg

Jan 30 2013
Off
, ,
Wouldn’t it be nice if your business can take a tax deduction for funding your child’s college education? Well, if your child is older than 6 years old, then this article will show you how Uncle Sam can help subsidize junior’s college education. Moreover,
Read More

Convert Your Air Miles into a Business Expense

Jan 25 2013
Off
, ,
So I’ll be flying to Australia in the coming months on business. Over the years, I’ve been accumulating a lot of frequent flier miles with Qantas. This upcoming trip got me thinking. Is there a way my corporation can take a tax deduction if I use my frequent flier
Read More

How to Write off Your Super Bowl Party

Jan 22 2013
Off
, ,
It’s that time of year again when people are starting to plan their Super Bowl parties. That got us at Gedeon Law & CPA thinking, how can our business clients claim a tax deduction for spending time with friends and family while watching over-hyped commercials and
Read More

How To Give Yourself (& Your Employees) Tax-free Lunches

Jan 10 2013
Off
, ,
With the right tax planning, you can provide tax-free lunches to you and your employees. As a rule, to deduct the cost of the lunches, the lunches must be furnished to the employees on the business premises by the employer for the convenience of the employer. Convenience of the
Read More
123

Testimonials

“I have worked with Marc since 2009 and find him to be enthusiastic, intelligent and detail oriented. He takes great pride in helping his clients suc… Read more

 Paul M., Marin, CA
Tel: 1-888-473-7967
©2013 Gedeon Law & CPA. All Rights Reserved