Author: T. Jayden Doye, CPA

Is Your Business Using Your Home?

Is Your Business Using Your Home?

Home office deduction – what is it and what are the requirements If you own a law firm, you may be able to deduct the cost of your home office on your taxes. The home office deduction is available to business owners who use a portion of their home exclusively...
A Backdoor Roth Ira Strategy For Law Offices

A Backdoor Roth Ira Strategy For Law Offices

What is a backdoor Roth IRA strategy, and how does it work for law offices specifically A backdoor Roth IRA is a retirement savings strategy that law firm owners can use. Specifically, it allows them to make after-tax contributions to a traditional IRA. Then convert...
Don’t Be Caught Off Guard, Prepare Early For Next Tax Season!

Don’t Be Caught Off Guard, Prepare Early For Next Tax Season!

Keep track of your income and expenses for IRS regulation compliance. One practical way to save money is to keep track of your income and expenses throughout the year. It will help you to stay organized and efficient with your spending. You can use a simple...
Kiddie Tax – What Is It And Do You Need To File?

Kiddie Tax – What Is It And Do You Need To File?

What is the Kiddie Tax and how does it work The Kiddie Tax is a federal tax on the investment income of children under the age of 18. The tax is designed to prevent parents from sheltering their income in their children’s names in order to reduce their own...
How To Write Off Your Vehicle Expenses

How To Write Off Your Vehicle Expenses

What are vehicle expenses, and how do they work? Business owners often have to juggle a lot of different expenses, and one of the most significant categories is vehicle expenses. Vehicle expenses include gas, insurance, repairs, and maintenance. They can also include...
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