Ordinary and Necessary Expenses Archives - Page 3 of 9

Shamsey Oloko July 3, 2017 Business Expenses, Deductions, Expenses Deductions, Itemized Deductions, Leases, Ordinary and Necessary Expenses 0

Getting a New Car for Business? Buy or Lease? Part 1: Leased Vehicles

Many business owners rely on transportation to achieve the goals and purposes of their business. A car purchased for use in a business has certain tax advantages for the owner. However, many business owners are now leasing cars for business…

Shamsey Oloko May 1, 2017 Business Expenses, Disabled Access Credit, IRC Section 162, Ordinary and Necessary Expenses 0

Customer Based Tax Incentives For Businesses

Taking advantage of tax incentives makes good sense for businesses. One reason a business owner should use tax incentives is to help underwrite the cost of maintaining its existing customer base, while continually striving to increase it. Whether a sole…

Shamsey Oloko February 1, 2017 Corporate Tax, IRC Section 162, Ordinary and Necessary Expenses 0

Tax Treatment of Business Entities Part 4: C Corporations

Startup business owners must consider the legal and tax considerations associated with selecting a particular type of business structure. This is the fourth part of a series of blogs on the tax treatment of business entities. This blog will address…