Learn how to calculate depreciation for tax deductions using GAAP methods like straight-line and declining balance for optimal savings.

Looking to cut your tax bill? Knowing which small business tax deductions you can claim is crucial. This guide will cover the top 15 deductions that can save you money and improve your business’s ...

From student loan interest to home office deductions, these overlooked tax credits and breaks could help busy millennials save more money.

Working from home is much more common than it used to be. According to the U.S. Bureau of Labor Statistics, approximately 22.4 million American workers telecommuted for their jobs last year. Discover ...

As Chuck Neely, CEO of Neely’s Accounting in Roanoke says, “It’s Your Money,” and 10 News is working for you to help you get ...

Let’s face it — tax season can be stressful. This is especially true for self-employed individuals and small business owners searching out every self-employed tax deduction and navigating other small ...

Learn how the Asset Depreciation Range (ADR) helped determine asset life for IRS tax purposes and discover its successors, ...

Vehicle costs are among the best tax deductions for small businesses. Small business owners can deduct vehicle expenses on their tax return. If a vehicle is used for personal and business needs, the ...

Don’t let its name fool you: The so-called “manufacturers’ tax deduction” applies to a much broader range of industries than those traditionally associated with manufacturing. And your business could ...

Claiming a tax deduction for mileage can be a good way to reduce how much you owe Uncle Sam, but not everyone is eligible to write off their driving costs. Mileage for ...