Tag Archives | what is fully deductible for a company

December Tips for Savings Accounts and Estate Planning

Are you looking to take advantage of any tax breaks available by the end of the year? It’s a good idea if you are positioned correctly. If you are a W2 employee, there is not much time left for you to augment your 401(k) savings. IRAs allow you to contribute until April 15, but 401(k)s […]

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Anaheim Hills Accountant Answers: What IS a Business Expense?

Here’s another one of those questions I get asked a lot: Why isn’t that a business expense? Primarily because there’s a difference between what the IRS defines as a business expense and what we’d like to write off as a business expense. Let’s start with an example. Say you’re working late on a project, and […]

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