IRS Tax Tips For Your Vacation Home Rental

Your taxes can be affected if your vacation home was used a personal property or if it was strictly a rental property for other occupants. Basically, the amount of time you personally spend at your vacation home can determine how much you will owe in rent or taxes, as well as the type of deductions you can claim against the property.

Accounting 101, If You’re Not an Accountant

Accounting for your business can be a major stress. The crunching of numbers can get overwhelming and not having the right cash flow can mean closing your doors for the long-term. Now consider a few statistics: 50% of small businesses will fail within the first year. The, 95% of businesses will close down before their […]