Month: November 2015

Save taxes with depreciation deductions

As you know, you can claim a depreciation deduction for the “exhaustion” and “wear and tear” of property you use in your trade or business. Determining the most favorable method of depreciating business property is an important part of tax…

Cut car maintenance costs

Owning an automobile is an expensive proposition. Your ride needs to be cleaned, fueled, and maintained. You need to buy insurance and pay licensing fees. Emissions testing may be required. And unless you’ve invested in a classic car that’s expected…

Manage wait times to keep customers happy

You’re late for an appointment, so you drive faster, scramble for a parking space, and rush to the receptionist’s counter. You apologize for your tardy arrival; then you wait and wait and wait. No one else seems to be in…

Timing matters when paying education expenses

As the end of the year approaches, start thinking about education tax credits. Why? The two federal education credits available for 2015 — the American Opportunity Credit and the Lifetime Learning Credit — include timing rules. For example, say you’re…