
DeductRight
By Deducting The Right Way®

DeductRightMar 11, 2019

What is a Voluntary Disclosure Program?
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.

Not Charging for Mileage? It Hurts Your Bottom Line in a Big Way
Make sure your price covers your travel costs. Click to learn how this topic can affect your profit.

How to Set Up an LLC: 7 Steps You Don't Want to Miss
Discover the 7 steps you need to take when setting up a new LLC for your business.

IRS Statistics Exposed in the Latest Data Tables
Curious about how many returns the IRS receives or which returns are audited the most? Check out this podcast for more details.

How to File a Tax Extension the Right Way
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.

Here are the 2020 IRS Tax Return Filing Dates
Want to learn when your tax return is due in 2020? Click to hear the filing deadlines for next year.

5 Easy Ways to Improve Your Profit
There are steps your business can take to improve its profit.

How to Boost Sales on Small Business Saturday November 30, 2019
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.

How To Figure Out If Tax Holidays Are Really Worth It
What's a tax holiday? When states don't charge sales tax on specific items throughout a day, weekend or week.

Deductions for Landlords: Property Compliance Inspections
A rental property inspection checklist can help you prepare for an official visit from a city department or landlord insurance carrier

Landlord Insurance Policy FAQs You Need to Know
Landlord insurance is a form of property insurance that covers a single family home or multi-family home with tenants.

Which One Is Better? Hobby vs. Business For Tax Purposes
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.

What Happens To Tax Refunds During a Government Shutdown?
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.

Florida Free Tax Day | August 2 - August 6, 2019
Back-to-school shopping officially kicks off with Florida's no tax weekend from August 2 - August 6, 2019.

3 Ways to Avoid an IRS Audit
Learn more about IRS audit red flags. A small business can build a defense with publicly available tax audit resources and information.

What Are the 2019 Income Tax Rates?
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? Before You Forget...
Starting a new business takes a lot of work and focus. Get tips on the best way to tackle a startup.

Should I Use QuickBooks Self Employed?
Picking the best bookkeeping app helps you reduce your stress and headaches. Use a solution that fits your business structure and lifestyle.

Why meals kits are so popular with entrepreneurs?
Meal kits offer a variety of options and save time on meal prep. See why so many entrepreneurs prefer meal delivery services.

How to File Taxes Online for Free (Without Extra Fees)
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.

Practical Hardwood Floor Refinishing Tips for Landlords
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.

Find an Accountant Near Me
When you're ready to find a bookkeeper or accountant, you also need to take time to select the right person.

What to Look For When You Purchase Investment Property
Save time and money before purchasing a rental property by using a reliable checklist.

What Are the Tax Return Filing Status Options?
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 a Tax Return?
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.

Do I Have to File a State Tax Return as a Non-Resident?
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.

Myth: I Only Report My Business When It Earns Money
Almost all businesses must file a tax return to report their activities regardless of the amount of money earned during the previous tax year.

Should I Buy a Timeshare?
Before you commit to buying a timeshare, make sure you understand all the pros and cons.

What is a Business?
A business can take on many forms including side gigs and revenue from unincorporated ventures.

Can Someone Really Pay Zero Tax?
If you're wondering how other people pay zero taxes, then you need to understand the most essential lines on the tax return.

How to Deal With Non-Paying Customers
Proactively managing your accounts receivable helps you prevent cash flow problems.

Myth: I Can Deduct Everyday Meals While I'm At Work
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.

Free Accounting Spreadsheet Templates for a Small Business
An accounting spreadsheet or chart of accounts template helps you organize your business transactions.

101 Tax Write-Offs That Will Help You Save Money
What can I write off on my taxes? Click to open an extensive list of tax write offs for your small business.

Should I Use QuickBooks Checks and Supplies?
When you must print a paper check, you can buy your QuickBooks supplies directly at the Intuit Market.

What Is a Chart of Accounts?
The chart of accounts is the backbone of small business bookkeeping. Without it, you couldn't categorize your transactions or create meaningful reports.

Social Influencer Marketing: How to Reach Micro Influencers
Micro influencers can help boost your brand, add followers, and increase conversions. Influencer marketing is the latest trend in advertising.

Myth: I Can Deduct My Tuition & Student Loan Payments
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.

4 Rules of Success for DIY Small Business Accounting
Get the top DIY accounting tips that help you stay on track with your small business bookkeeping tasks.

When to Hire a Professional for Your SMB Bookkeeping
DIY accounting (and bookkeeping) only works if you can stick to a set schedule and complete all the duties.

Why Is My Tax Bill So High?
Paying too much in taxes? You need to get to the root of the problem before you can implement the best solution.

Am I Working with a Good Accountant?
Why should I use an accountant? Learn why and how to pick an accountant that you can rely on.

6 Reasons Cloud Accounting Software Is Better Than Desktop
See how small business accounting software or cloud accounting can take your business to the next level.

How to Claim Mileage from your Home Office
Business mileage can add up fast so it's best to use a mileage tracker for the largest mileage deduction.

Small Business Owner: What Can I Deduct on My Taxes?
Small business tax deductions and write offs start with proper classification of your business expenses.

Why You Need To Hire a Freelancer for your SMB
Freelance projects can help you save time and money in the long run.

How Rebate Apps Can Boost Business Cash Flow
Using rebate apps and free coupons can cut down on the cost of office supplies and expenses.

Why Insured Service Providers Save You Money
Find out how you save money by hiring an insured service provider or vendor for your small business.

The Most Valuable Benefits of a Business Insurance Policy
Determine if you need professional liability, business interruption insurance, employer insurance, and commercial property insurance.

Why Reporting All Your Income Actually Helps You
Learn why claiming all your taxable income (even the smallest amounts) helps you in the long run.