Monthly Archives: July 2013

How Do I? Get a tax break on my vacation home

Vacation homes offer owners tax breaks similar-but not identical-to those for primary residences. Vacation homes also offer owners the opportunity to earn tax-advantaged and even tax-free income. This combination of current income and tax breaks, combined with the potential for long-term appreciation, can make a second home an attractive investment....
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Failure To Implement (FTI): How to beat the curse of great ideas that never come to fruition

Business ideas. You have literally hundreds of them.  They come up while you’re talking with the management team, or one of your employees, or even at home with the family.  Late at night when you’re working on a last minute project.  At a conference or seminar.  On a plane.  In...
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July 2013 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of July 2013. July 3 Employers. Semi-weekly depositors must deposit employment taxes...
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FAQ: What can I deduct doing volunteer work for a charity?

For many individuals, volunteering for a charitable organization is a very emotionally rewarding experience. In some cases, your volunteer activities may also qualify for certain federal tax breaks. Although individuals cannot deduct the value of their labor on behalf of a charitable organization, they may be eligible for other tax-related...
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