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Tax-Free Rental Income with the Augusta Rule

Tax-Free Rental Income with the Augusta Rule

Tags: CPA Sarasota, Overlooked Tax Deductions, QuickBooks Bookkeeping, Tax Planning The Augusta rule gets its name from the Masters Golf Tournament, where some members and others who live in the area receive tax-free rent by renting their homes for a week or two. You...
Deduct Travel by Car, Train, Plane, or Boat

Deduct Travel by Car, Train, Plane, or Boat

Tags: CPA Sarasota, Overlooked Tax Deductions, QuickBooks Bookkeeping, Tax Planning Say you are going to travel from your home in Washington, D.C., to San Francisco. Will the tax law allow you to travel to San Francisco by car, train, plane, or boat, your choice?...
Business Gym for Your Employees, and Maybe You Too

Business Gym for Your Employees, and Maybe You Too

Tags: Overlooked Tax Deductions, QuickBooks Bookkeeping, Sarasota CPA, Tax Planning To be tax-deductible, your business gym or other athletic facilities must be primarily for the benefit of your employees—other than employees who are officers, shareholders, or other...