Category Archives: Uncategorized

Use Tax: What the heck is it?

We are all accustomed to paying sales tax when we buy products at a retail store.  It’s that nasty 7 percent that is added onto everything.  But many people have discovered what they believe to be a way around sales … Continue reading

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Are summer camp costs deductible?

With school out for the summer, parents are looking for activities for their children. The possibilities include sending a child to day camp or overnight camp. Parents may wonder whether these costs are deductible.  At least two possible tax breaks … Continue reading

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Improved data entry and modifications in QuickBooks

Data entry and modifications in QuickBooks can be tedious. Beginning with QuickBooks 2010 Pro Edition and above, that job got a lot easier. The Add/Edit Multiple List Entries tool does just what its name implies: It lets you add entries … Continue reading

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The standard mileage rate will increase effective July 1, 2011

The IRS has updated the optional standard mileage rates for computing the deductible costs of operating an automobile for business, medical or moving expense purposes and for determining the reimbursed amount of these expenses that is deemed substantiated. This modification … Continue reading

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Sources of loans that you might not think of

In today’s economy it is not unusual for someone to need to borrow money to tide them over due to an unexpected repair or other emergency.  If you have a retirement account – an IRA or 401(k) – you may … Continue reading

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