News & Advice

As a business owner, you generally have the flexibility to take money out of your business account for personal use. However, it's essential to understand the implications and potential consequences of doing…

Yes, the IRS has the authority to visit businesses as part of their enforcement and compliance efforts. IRS agents may conduct on-site visits to verify information, inspect records, and ensure compliance with…

Writing off a car for business purposes involves deducting expenses related to the use of the vehicle for business activities. Here's a general overview of how to write off your car for…

No, not all business expenses are 100% deductible. While many business expenses are deductible, the amount that you can deduct may vary depending on the type of expense and the specific tax…

As a small business owner, you can deduct certain expenses related to your business, but you cannot typically write off everything you buy for your business. The IRS allows deductions for "ordinary…