Author Archives: Wayne Davies

Your Biggest Obstacle to Paying Less Tax This Year

Before I tell you the biggest obstacle to small business tax reduction, let me tell you a story. One foggy night the captain of a large ship saw what appeared to be another ship’s lights approaching in the distance. The … Continue reading

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3 Easy Ways to Lower Your 2015 Taxes By December 31 (Act Now)

I’m writing to share an easy way to give yourself a much deserved year-end “holiday bonus” – do a little tax planning now and you just might save yourself a bundle of cash on your 2015 tax return.   Here … Continue reading

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Small Business Tax Deductions – “D” Is For “Don’t Do Depreciation”

Do your eyes glaze over at the thought of those mind-numbing depreciation rules? Well, take heart, small business owner. Thanks to a tax law known as Section 179, you can probably kiss those depreciation rules good-bye. Depreciation is the name … Continue reading

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Small Business Tax Deductions – How To Deduct Commuting Mileage

For most folks, commuting mileage is a non-deductible expense — unless you know the legal tax loophole I’m about to reveal. The non-deductibility of commuter miles is painfully true for the employee who fights rush hour traffic every day, twice … Continue reading

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Does The IRS Require Receipts?

I regularly receive email from sincere folks who ask questions like this: “Is it true? If I don’t have good records, will I really pay more tax than I could/would/should have?” Or how about this one: “If I don’t have … Continue reading

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Top Ten Tax Jokes

I’m here to help you laugh all the way to your Form 1040.  The best way to start working on your income tax return is with a smile on your face. Here’s my Top Ten Favorite Tax Jokes & Quotes, … Continue reading

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How To Find A Good Tax Preparer

If you’ve been thinking about hiring a tax pro this year, what should you look for in a good tax preparer? Since there are so many to choose from, it only makes sense that you know what you need before … Continue reading

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How To Find Your Missing Tax Return

Taxpayers often need a copy of a previously filed tax return for any number of reasons. Perhaps you are applying for a mortgage loan or you’d like to amend a return. What do you do if you can’t find your … Continue reading

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How To Deduct Anything

Looking for an easy way to know exactly what you can and cannot deduct on your income tax return? Knowing what is deductible and what isn’t deductible has mystified self-employed people for decades. This post should help you see the big picture. … Continue reading

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What’s Deductible?

Here’s an answer to “The Most Commonly Asked Self-Employed Tax Question.” But first, do you know what that question is? Here it is: What’s deductible? That’s it. Without a doubt, it’s the most common tax question I receive every year. … Continue reading

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