Wednesday, December 28, 2011

Hair-Stylist Tax Deductions

When examining hair stylist tax deductions, you can deduct business expenses that are “both ordinary and necessary” in the words of the IRS. Expenses are ordinary if they’re standard for a professional stylist. They’re necessary if they help you in business, even if you could manage without them. If you’re an employee, you can deduct only expenses your employer doesn’t reimburse. To claim employee expenses, you take an itemized Schedule A deduction. READ MORE

Tuesday, November 8, 2011

Registered Agent: The Advantages

A registered agent is a third-party which are designated to receive service of process notices and other government notifications such as tax forms and notice of lawsuits on your behalf.  They must also register with the state which the business entity operates so it knows there is a contact person for your business within the state at all times. READ MORE