Due to a heavy case-load this week and with Thanksgiving tomorrow, this post will be more information than analysis, but hopefully useful for those looking for information on deductible business expenses. One might initially think it unfortunate that a comprehensive list detailing all the potential deductible expenses does not exist. Keep in mind, however, that businesses vary, so business expenses will vary as… Read more
For this week’s post, I would like to share some basic information on qualifying a home office as the principal place of business. The advantage to doing this comes in the form of allowable tax deductions for business use of the home. Before I begin, please note that there are other ways to qualify for business use of the home… Read more
The topic for this post comes courtesy of my mother-in-law who wanted to know how the new healthcare overhaul might affect sales of residential real estate. As I hope to explain in this post, the new healthcare law does not directly impose a tax on sales of residential real estate, but instead imposes a tax… Read more
This past Tuesday, voters in Missouri overwhelmingly passed Proposition A.1 Since then I have had a couple of people ask me two questions – What does that mean and what now? Before I begin, let me add a small disclaimer that this answer does not take into account any action in the courts, either pending2… Read more
