Monthly Archives: December 2012

Budgeting Tips

Posted on December 31, 2012 by Lisa W. Hull

So, you’ve decided to create a budget, but how do you get started?  The first step is to determine your monthly income.  This is fairly easy for those of us with a salary.  It’s more difficult for independent contractors and … Continue reading →

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New Year’s Resolutions

Posted on December 29, 2012 by Lisa W. Hull

With the new year approaching, we are all making New Year’s resolutions.  Losing weight, controlling spending, improving relationships, all of these are worthy of our attention.  However, with the higher costs of gasoline and food and impending tax increases, it’s … Continue reading →

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More on Telephone Expenses

Posted on December 27, 2012 by Lisa W. Hull

It was brought to my attention a few days ago, by an IRS agent, that there is a 2009 Tax Court case that applies to the cell phone deductibility question.  The Tax Court disallowed cell phone expenses in John M. … Continue reading →

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2012 Year End Tips for Small Businesses

Posted on December 26, 2012 by Lisa W. Hull

Although we are not sure what Congress will do in 2013, here are a couple of tax saving suggestions small business owners would be wise to consider. Acquiring depreciable assets If you have been considering acquiring additional equipment, you should … Continue reading →

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More on Mileage

Posted on December 22, 2012 by Lisa W. Hull

The IRS classifies all car usage into three categories:  business, commuting, and personal.  “Business  use” miles generally means travel between two business destinations.  Examples of trips that are deductible include: Travel from one client or customer to another Travel from … Continue reading →

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