Tax Deductions and Benefits of Rental Property

The rise in the online travel industry and vacation rental services like Airbnb have dramatically increased the demand for home rentals, especially in areas known for tourism. Along with that rise, more Americans are buying and owning vacation homes not for pleasure, but for profit. About two-thirds of vacation homeowners rent out their properties, and … Continued →

Summer Tax Breaks

Summertime is in full swing, and that means vacations, cookouts, lots of outdoor activities, and extra time with the family. Summertime is also full of opportunities for tax breaks. Read on for five ways to make summer work harder for you! Tax Breaks for Summer Camp and Childcare Summer camps are a great way for … Continued →

Tax Breaks for Hiring Your Children in Your Family Business

With school summer break finally here and employees heading out for summer vacations, you might consider hiring your children to help out in your business. Financially, it makes more sense to keep the family employed rather than hiring strangers, provided, of course, that the family member is suitable for the job. Rather than helping to … Continued →