Is Redeeming Airline Miles Taxable?

is redeeming airlines miles taxable?

Before you start clearing your calendar, think about this – redeeming those points or claiming your rewards may be a taxable event. Maybe it’s time to redeem those credit card points or miles you’ve been saving up and jump on a plane headed someplace warm. How about Miami, or maybe Maui?

Maintaining Your S-Corporation

maintaining your s-corporation

I wish that it was as easy as just filing a form with the State and you have magical tax savings and bullet-proof asset protection, but that’s simply not the case. Here are 7 must do steps to protect your S-Corp.

Practical Checkbook Procedures for your Business to Succeed

practical checkbook procedures for your business to succeed

As we have been working through tax returns for clients this tax season, it’s alarming to see how many clients aren’t maintaining their checkbook properly, or not even having a separate checkbook at all for each of the companies they own and operate.

When to Use a Benefit Corporation

when to use a benefit corporation

A Benefit Corporation will need to exemplify various practices and policies that show you are more concerned about benefiting the public through social or environmental causes than simply making profit.

Avoiding problems with the IRS and the “Dirty Dozen”

avoiding problems with the IRS and dirty dozen

All of us want to save taxes, but at the same time stay out of trouble with the IRS. In fact, I would hope we would even have a higher standard of being honest and ethical in the manner in which we all report our income, deductions and file our tax returns. We live in […]