DP Financial & Tax

Often, people have uncertainties regarding what costs on a business trip are deductible, and what costs are their responsibility. The first step in making a deduction is being honest with yourself – was the trip really for your job, or was it a vacation with a few work days tacked on just for the tax benefits? Once you’ve answered that question, it will be much easier for you to use the guidelines below and determine what is deductible and what isn’t. Domestic transportation

Taken from the following article: http://www.cirruspayroll.com/why-s-corp-owners-need-payroll/ If you’re a business owner, it’s common to think you can pay yourself whatever you want, whenever you want (as long as the money’s there). It’s your business after all, right? Well, as with most questions that involve the IRS: it’s not that simple. If your business has elected S Corporation status with the IRS, and you perform services for your business, the IRS actually requires y