DeductRight: Recent Episodes
Deducting The Right Way®
Listen to the narrated articles found on Deducting The Right Way®, an online resource for small business owners ready to tackle accounting and tax matters head-on. We provide the tools and tips you need to master complex topics. You'll find do-it-yourself options that help you build your skill set whether you're a sole proprietor, side hustler, LLC or S-Corp.
If you have past due tax obligations or have made errors in previous filings, then you can use the voluntary disclosure program to resolve those issues.
Make sure your price covers your travel costs. Click to learn how this topic can affect your profit.
Curious about how many returns the IRS receives or which returns are audited the most? Check out this podcast for more details.
Filing an IRS tax return extension needs to be done the right way or you could face having it rejected. Check out how to do it right.
Want to learn when your tax return is due in 2020? Click to hear the filing deadlines for next year.
Small Business Saturday lets you increase your sales volume on a single day each year when consumers are ready to shop — between Black Friday and Cyber Monday.
What's a tax holiday? When states don't charge sales tax on specific items throughout a day, weekend or week.
A rental property inspection checklist can help you prepare for an official visit from a city department or landlord insurance carrier
Landlord insurance is a form of property insurance that covers a single family home or multi-family home with tenants.
When you're trying to save tax, don't always assume that a for-profit business is better than a hobby. See the math breakdown.
You're probably wondering when your state or federal income tax refund will come during a government shutdown. Here's how to get a status update.
Back-to-school shopping officially kicks off with Florida's no tax weekend from August 2 - August 6, 2019.
Learn more about IRS audit red flags. A small business can build a defense with publicly available tax audit resources and information.
The income tax thresholds change each year which determine your income tax bracket. Currently, the IRS has seven tax rates for each filing status.
Starting a new business takes a lot of work and focus. Get tips on the best way to tackle a startup.
Picking the best bookkeeping app helps you reduce your stress and headaches. Use a solution that fits your business structure and lifestyle.
Meal kits offer a variety of options and save time on meal prep. See why so many entrepreneurs prefer meal delivery services.
Efiling your taxes saves time and money when you choose the free online tax filing service. The IRS has a list of members who do not charge based on specific criteria.
Refinishing hardwood floors can improve the value of your property. If you're a landlord, you can deduct the cost of project on your tax return.
When you're ready to find a bookkeeper or accountant, you also need to take time to select the right person.
The federal income tax return requires you to select a filing status to determine your tax liability and eligibility for credits.
Do I need to file taxes? The best way to answer the question is by referring to the IRS and state income charts for the annual income tax return located in the form instructions.
You may need to file a state tax return when you earn income or sell an asset within its boundaries. Each state has different rules to follow.
Almost all businesses must file a tax return to report their activities regardless of the amount of money earned during the previous tax year.
Before you commit to buying a timeshare, make sure you understand all the pros and cons.
A business can take on many forms including side gigs and revenue from unincorporated ventures.
If you're wondering how other people pay zero taxes, then you need to understand the most essential lines on the tax return.
A deductible business meal requires you to satisfy several factors before you can place it on the tax return as a write-off. First, you need to jump the hurdle of a nondeductible personal iving expense. Then, show it's a qualifying business meal.
An accounting spreadsheet or chart of accounts template helps you organize your business transactions.
What can I write off on my taxes? Click to open an extensive list of tax write offs for your small business.
When you must print a paper check, you can buy your QuickBooks supplies directly at the Intuit Market.
The chart of accounts is the backbone of small business bookkeeping. Without it, you couldn't categorize your transactions or create meaningful reports.
Micro influencers can help boost your brand, add followers, and increase conversions. Influencer marketing is the latest trend in advertising.
Small business tax deductions do not include the cost of acquiring the initial degrees or licenses that allow you to enter your field of work. However, expenses for maintaining the license afterwards is allowable.
Get the top DIY accounting tips that help you stay on track with your small business bookkeeping tasks.
DIY accounting (and bookkeeping) only works if you can stick to a set schedule and complete all the duties.
Paying too much in taxes? You need to get to the root of the problem before you can implement the best solution.
Why should I use an accountant? Learn why and how to pick an accountant that you can rely on.
See how small business accounting software or cloud accounting can take your business to the next level.
Business mileage can add up fast so it's best to use a mileage tracker for the largest mileage deduction.
Small business tax deductions and write offs start with proper classification of your business expenses.
Using rebate apps and free coupons can cut down on the cost of office supplies and expenses.
Find out how you save money by hiring an insured service provider or vendor for your small business.
Determine if you need professional liability, business interruption insurance, employer insurance, and commercial property insurance.
Learn why claiming all your taxable income (even the smallest amounts) helps you in the long run.
IRS 1099 rules for payers to report payments over $600 does not permit the recipient to avoid claiming income under $600.
Owning more than one company can trigger compliance issues and costs that you weren't aware of whether you're a freelancer, 1099 contractor or small business.
Should you be receiving a paycheck? It's the question every S-Corp business owner is asking about their salary.
Learn why cutting corners can hurt your small business as well as its tax deductions and credits.
Find out what steps you should take to protect your tax deduction for casualty losses in a federally declared disaster zone.
Find out why small business owners use a 1031 exchange to delay paying the tax due on the sale.
A freelancer can reduce Schedule C taxes by tracking all the eligible tax deductions of their business.
An in-kind donation to a charitable organization can help build goodwill for your small business.
The best way to file taxes is to be on your accountant's good side. Find out how you could find yourself on the firing list.
Learn how to talk like the pros when you are reviewing your company's financial health.
Learn more about the different types of IRS scam calls, phishing scams, fake IRS phone numbers and how to report scams.
When you're coming up with employee gift ideas, don't forget to report the gift on their paycheck.
Learn why you can't deduct all the costs of your personal vehicle merely because you also use it for business.
Boost work productivity by using phone apps and web apps that save you and your staff time.
Learn a quick way to estimate your taxes when you spend money on a business expense or use a tax write off.
Strategic partnerships don't always go as planned. Find out how you can protect yourself.
Here are five things you can do to prepare your small business for the upcoming tax season.
Learn how to structure your pricing for a product or service and why your bookkeeping plays a big role.
The IRS taxes hobby income and business income differently. Learn how the tax rules affect you.
Learn how to choose a business name that works for you and doesn't impede on someone else's legal rights.
An IRS levy can include the seizure of your personal assets to satisfy unpaid tax debt.
Learn why your small business payroll could trigger a trust fund recovery penalty for federal withholding.
Double entry accounting systems use a debit and credit method to balance each transaction in your bookkeeping file.
Are you a first time home buyer? Avoid these pitfalls to save time and money on your house purchase.
You need your federal, state and local tax returns prepared, but you're wondering how much you should pay. Here are the factors to consider.
Depositing personal checks into a business bank account does not help you for tax purposes.
Learning how to find new customers can be tricky. Opt for methods that don't require paying a lot of money upfront.
Writing a business blog or book can help boost traffic to your website plus you get a tax deduction.
Cheap gas prices are exciting but they don't always work out when you have to drive far away.
DIY tax and accounting requires you to invest time into mastering your business finances by using free and paid resources.