If your business needs an automobile, you need to consider the tax consequences of buying or leasing the vehicle.
You haven’t received cancelled checks with your monthly bank statement since 2004, so how do you prove an expense to the IRS?
Generally, club dues are not a deductible expense, but depending on the circumstances, a business meal at the club might be.
Keeping records and receipts for home improvements is essential as it lowers your tax basis in your home. This is most important when calculating the gain when eventually selling your home.
Withholding money from your paycheck is part of our “pay as you go” system for paying income tax. Generally you want to withhold enough to cover 90% of your tax liability.