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THE WHALEN GROUP Tax-Saving Tips

Is Your Travel Day Personal or a Tax-Deductible Business Day?   When you travel to a business location where you spend the night, you are in travel status. But will the tax rules make this a business or personal night?   The rules also affect your costs during the day. When you have an overnight […]

Benefit Big from the Work Opportunity Tax Credit

The Work Opportunity Tax Credit rewards your good deeds. And now, because of new legislation, the rules are in place for longer than usual. If you need to hire workers in your business, this dollar-for-dollar reducer of your taxes is one to know about. Suppose your business hires a member of a targeted group. In […]

Tax-Saving Tips July 2019

THE WHALEN GROUP July 2019 Proven Tax Reduction Strategies for Sole Proprietors If you operate your business as a sole proprietorship, there are many strategies to reduce your taxes. Let’s start with the following 10: Use the Section 105 plan to make your health insurance a tax-favored business deduction on your Schedule C. Employ your […]

Client Tax Letters

May 2018 June 2018 July 2018