Daily Breeze:
Question:
What does it take to qualify for tax purposes as a home office? - M.M., Long Beach
Answer:
It is necessary to utilize a portion of your home “regularly and exclusively” as your primary business space, or “a place to meet or deal with your patients, clients or customers.” If you satisfy that threshold, you […]

For many people, the first thought that comes to mind when they think of insurance is costly premiums. But as April 15 approaches, remember that some insurance products come with tax advantages that can save you money.

MarketWatch:
Consider these 5 insurance tax reminders by the nonprofit Life and Health Insurance Foundation for Education (LIFE). Some […]

BizThreads:
* Organize a proper system. Keep different files where you can file invoices, receipts, payment vouchers etc. If you are running different businesses, ensure that their accounts are maintained separately. Mark all the files in bold and clear letters.
* Be perfect in maintaining cash transactions. Any bank transaction can be easily cross-checked and verified, but […]

AllBusiness:
Businesses with good loss-control measures and claim histories often pay lower insurance premiums than companies with risky procedures and poor claim histories. Take steps to prevent loss:
* Hire security personnel to prevent shoplifting;
* Install a sprinkler system to contain fires;
* Use an alarm system to protect against theft.
All of these can help control the cost […]

Entrepreneur Daily:
If you get stressed at the mere thought of filing your taxes, you’re not alone. According to a Gallup Poll, 62% of small-business owners named taxes as their top concern. If you’re looking for some guidance this tax season, check out this interview with Barbara Weltman, author of J.K. Lasser’s Small Business Taxes 2008. […]

The Wall Street Journal:
Many taxpayers still have time to make last-minute moves that could trim their tax bills significantly for 2007.
These include traditional tactics such as dumping investment losers, donating stock to charity, and timing deductions and income carefully. But taxpayers should also consider a few other strategies that stem from recent tax-law changes, such […]

PR-GB.com:
Financial management is one of the biggest pitfalls for people who are actively engaged in a serious home business. Even if your have chose a good home business you may have no idea on how to manage your business financially, you will most likely end up losing a lot of money. Since you cannot afford […]

Here’s what you need to know to write off your car expenses.

SmartMoney:
People are always wondering whether they can deduct certain items from their taxes - like red wine as a health-related expense (nice try). The most common question: whether they can write off their car as a business expense.
For most, the answer is ‘no’ You […]