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Use Two Cars To Maximize Your Tax Deduction

With the start of the new year, you’re probably wondering what new tax strategies you can implement to help you increase your tax deductions for 2013. In keeping with one of our main goals at Gedeon Law & CPA, we endeavor to help our clients convert as much of their
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How to Deduct Your Commuting Mileage

For most folks, commuting mileage is a non-deductible expense – unless you know the little tax trick I’m about to reveal. No one enjoys fighting rush hour traffic every day, twice a day, and all you have to show for it is gas money down the drain and wear and tear on
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US Tax on Inherited Canadian Property

Question: I am a US resident and my parents back in Canada left some property for me in Canada when they died in early 2012. I sold the property in 2012. What are the tax consequences of inheriting and selling this Canadian property? Answer: You will potentially need to report
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How To Benefit From Your Charitable Donations

I recently put together an article on how a business owner can take a tax deduction for renting out their home to their company for a business meeting. You don’t, however, have to be a business owner to get a tax break for renting out your home for a meeting. By reading
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How To Write Off $14,000 To Hold Business Meetings In Your Home

This little tax tip I’m about to share will let you write off an extra $14,000/year for your business while putting the money in your pocket tax free. At this time of year, you are probably thinking it’s time to hold your annual board of director, partnership or
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Free Download: 2012 Tax Pocket Guide

Get our 2012 Tax Pocket Guide by clicking the image: Related Posts13 Year End Tax Planning Tips How to Deduct Vehicles Used By Employees How To Give Yourself (& Your Employees) Tax-free Lunches
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Cross Border Tax & Financial Planning

Temporary and permanent cross-border movements increase not only your tax complexity but also the complexity of your investment management and financial planning. Poorly managed cross-border relocation can result in a disjointed financial plan, which can result in increased
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How To Fully Deduct Your Holiday Party

It’s that time of year when you’re probably planning your company’s holiday/employee party. Having a holiday party is fun, especially when alcohol is being consumed. Who doesn’t love discussing those embarrassing holiday party moments on Monday morning
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We Accept Hyatt Met Legal Plan

Gedeon Law & CPA is pleased to announce we are an in-network provider under the Hyatt Met Legal plan. As a Hyatt/Met law member, you are entitled to various legal services, including legal consultations, provided at no cost to you. At Gedeon Law & CPA, we service Hyatt
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Deduction for Personal Car Used for S Corporation

So you operate your business as an S corporation. Like many business owners, you probably use your personal car to conduct business for the corporation. Say you make regular sales calls and drive a total of 30,000 miles a year. The car is registered in your own name, not the S
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