OIC Mills

We have all heard the ads on the radio.  People promising to get the IRS off your back, Those promises to settle your IRS tax debts for pennies on the dollar are just that: Promises. Firms that hawk these types of tax-debt relief plans are referred to by the IRS as...

Leased vehicles

Leasing a vehicle to use in your business is a bit cheaper tax wise in 2020. If a car that is worth more than $50,000 is first leased for business during the year, the lessee must pay income tax each year on an amount spelled out in IRS tables. For example, on a...

Business autos and taxes

I have lots of clients who want their vehicles to be company vehicles, but they only use the vehicles for commuting back and forth to their offices and for other personal uses.  So they don’t get to claim a business vehicle. They can get reimbursed for their business...

Blockchain

There has been and continues to be a huge push for Blockchain data to be widely accepted. Blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way from the inception of the currency. ...

Failure

“Failure is not to be feared. It is from failure that most growth comes.” Failure is usually the greatest fear of most entrepreneurs.  That fear is exponentially increased especially if you are just starting your business and have a family to feed. Fear can be...

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