Can I Claim Attorney Fees on My Taxes? Attorney fees can be tax deductible if they relate to taxable income, such as fees for resolving business disputes or protecting intellectual property. Personal legal expenses like filing for divorce aren’t deductible. The IRS allows taxpayers to deduct legal fees related to their trade or business, as […]
The Ultimate Guide to Accounting for the Landscaping Business Have you been to a sandwich shop recently? We have! We stared at the menu, deciding which one to eat. There were plenty of options, but we finalized classic club, avocado toast, and the mysterious special of the day. We couldn’t decide which one to eat […]
Can Leasing a Car Be Tax Deductible? Yes, car leasing can be tax deductible if you use it for business purposes. You can deduct the lease payments proportionate to the percentage of business use. Other costs like fuel, insurance, and maintenance might also qualify for deductions. Business owners have two main options for deducting car expenses: […]
What is a Tariff Information Label? A Tariff Information Label is attached to imported goods and gives key details about the product, such as its origin and applicable tariff rates. The TIL helps customs authorities determine the correct duties and taxes to apply when goods enter a country. For instance, if you bring an exotic […]
Starting a Construction Business? You Need a Fractional CFO For Startups Last summer, our neighbor decided to build a shed in his backyard. He looked motivated at the beginning and thought he could kill this with the right set of tools. However, after three days of hammering, the shed was lopsided, and let’s not mention […]
Best Small Business Grants for Women in the US and Canada in 2025 We remember planning a road trip with some of our friends. We enjoyed it quite a lot and were excited to hit the road. However, none of us had cash to fill up the gas tank at one point. We did manage […]
What is Litigation Support? Litigation support refers to different services provided to attorneys and legal teams so they can present their cases more effectively. This often includes accounting services, such as forensic accounting, analyzing financial records, preparing reports, and even testifying in court as an expert. Litigation support reminds us of Robin. The legal team […]
What is Orderly Liquidation Value? Orderly Liquidation Value is an amount a seller could expect in a structured liquidation process. Unlike forced liquidation, where you need to sell assets fast, in orderly liquidation, you get enough time to find the buyer. Appraisers determine OLV to assist buyers in evaluating tangible assets acquired in a transaction. […]
How To Estimate a Remodeling Job? Read These 5 Tips We just had breakfast, and we thought we could kill Tuesday morning. How wrong we were! Earlier, we were in the kitchen preparing our breakfast while replying to client emails. Before we knew it, the toast was burnt, and the smell spread across the kitchen. […]
Can You File Bankruptcy Without Filing Taxes? Filing for bankruptcy without having filed taxes is possible, but it depends on whether you were legally required to file tax returns in the first place. You can still proceed with bankruptcy if you aren’t required to file taxes. Still, the bankruptcy trustee will likely require you to […]
