Posts made in May, 2017


Are you thinking about starting a new business? Do you know someone is thinking of starting a new business? If so, congratulations. This is very exciting, and I want to make sure you maximize your tax benefits with this new venture. In a recent tax court case (Tizard v Commissioner), an ex-Air Force pilot sought to start an aviation business. Her idea was to offer aerial land surveys, photography, flight charters, and aviation safety...

Read More

  This is another story from the war zone. This is not a new subject, it has been covered many times by myself and many other tax professionals; the importance of good record keeping. However, it seems not to be at the top of the priority list of business owners until the IRS comes knocking at their doors for an audit. Trying to recreate what happened two or three years ago it almost impossible, maybe that is part of the IRS...

Read More