Tag Archives: exceptions

Dependents: What are the tax rules?

Most taxpayers believe that a “dependent” is a minor child that lives with them. While that is essentially correct, dependents can include parents, other relatives and nonrelatives, and even children who don’t live with you. There is really much more … Continue reading

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Get organized for 1099 filing

January is always a busy month for companies. You’re trying to get business off to a good start in the new year, you’re trying to close the books on last year, and there’s 1099 reporting to complete by month-end. There … Continue reading

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QuickBooks Payroll Runs: Easy, Fast, Accurate

If you’ve already set up your QuickBooks employee and company payroll files, the hard part’s over. It’s not just a catchy ad slogan: It’s true. Unless you have dozens of employees or numerous exceptions each payday, you can literally process … Continue reading

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Tax rules apply to family loans

There are many worthwhile reasons to lend money to a relative. For example, you may want to help a child or sibling continue their education or start their own business. But lending money to relatives can have tax consequences. The … Continue reading

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Some business meals are 100% deductible

Are you watching what you eat at work? Though that may not seem like a tax question, how you account for meals can affect your business tax return. One reason why: While you can generally deduct only half the cost … Continue reading

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