Tax Cuts Archives - Profit Wise, Accounting and Tax

How to make your vacations a tax deduction?

How to make your weekend getaways a tax deduction?

As a business owner, one of the advantages is the ability to claim tax deductions for expenses related to the business. When planning for your upcoming vacation, it is important to ensure that you capitalize on all the legally entitled tax write-offs, including the opportunity to reduce your tax liability by converting your vacation into…

Tax Changes for Short-term Rental Hosts

The Tax Cuts and Jobs Act has important changes that may impact your vacation rental property. If you use an online rental service like Airbnb, HomeAway, or VRBO to rent out your vacation home you might want to take a look at these tax changes.

Eco-friendly Cars – Save On Taxes

Tax Write Offs for Eco-friendly Vehicles Save up to $7,500 on your next vehicle–if it’s eco-friendly? Have you thought about an electric or plug-in hybrid car? If so, you could save! Not to mention the savings on fuel at the pump by using an electric vehicle. Most business owners are aware they can write…