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DeductRight

DeductRight

By Deducting The Right Way®

Listen to the narrated articles found on Deducting The Right Way®, an online resource for small business owners ready to tackle accounting and tax matters head-on. We provide the tools and tips you need to master complex topics. You'll find do-it-yourself options that help you build your skill set whether you're a sole proprietor, side hustler, LLC or S-Corp.
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What Is Double Entry Accounting & Why Do I Need It?

DeductRightMar 11, 2019

00:00
04:03
What is a Voluntary Disclosure Program?

What is a Voluntary Disclosure Program?

If you have past due tax obligations or have made errors in previous filings, then you can use the voluntary disclosure program to resolve those issues. 

Dec 04, 201903:49
Not Charging for Mileage? It Hurts Your Bottom Line in a Big Way

Not Charging for Mileage? It Hurts Your Bottom Line in a Big Way

Make sure your price covers your travel costs. Click to learn how this topic can affect your profit. 

Oct 24, 201903:15
How to Set Up an LLC: 7 Steps You Don't Want to Miss

How to Set Up an LLC: 7 Steps You Don't Want to Miss

Discover the 7 steps you need to take when setting up a new LLC for your business. 

Oct 24, 201904:15
IRS Statistics Exposed in the Latest Data Tables

IRS Statistics Exposed in the Latest Data Tables

Curious about how many returns the IRS receives or which returns are audited the most? Check out this podcast for more details. 

Oct 24, 201905:39
How to File a Tax Extension the Right Way

How to File a Tax Extension the Right Way

Filing an IRS tax return extension needs to be done the right way or you could face having it rejected. Check out how to do it right.

Oct 24, 201903:07
Here are the 2020 IRS Tax Return Filing Dates

Here are the 2020 IRS Tax Return Filing Dates

Want to learn when your tax return is due in 2020? Click to hear the filing deadlines for next year. 

Oct 24, 201902:37
5 Easy Ways to Improve Your Profit

5 Easy Ways to Improve Your Profit

There are steps your business can take to improve its profit. 

Oct 24, 201903:16
How to Boost Sales on Small Business Saturday November 30, 2019

How to Boost Sales on Small Business Saturday November 30, 2019

 Small Business Saturday lets you increase your sales volume on a single day each year when consumers are ready to shop — between Black Friday and Cyber Monday. 

Aug 13, 201902:32
How To Figure Out If Tax Holidays Are Really Worth It

How To Figure Out If Tax Holidays Are Really Worth It

 What's a tax holiday? When states don't charge sales tax on specific items throughout a day, weekend or week. 

Aug 13, 201903:03
Deductions for Landlords: Property Compliance Inspections

Deductions for Landlords: Property Compliance Inspections

 A rental property inspection checklist can help you prepare for an official visit from a city department or landlord insurance carrier 

Aug 13, 201903:50
Landlord Insurance Policy FAQs You Need to Know

Landlord Insurance Policy FAQs You Need to Know

 Landlord insurance is a form of property insurance that covers a single family home or multi-family home with tenants. 

Aug 13, 201904:11
Which One Is Better? Hobby vs. Business For Tax Purposes

Which One Is Better? Hobby vs. Business For Tax Purposes

 When you're trying to save tax, don't always assume that a for-profit business is better than a hobby. See the math breakdown. 

Aug 13, 201906:37
What Happens To Tax Refunds During a Government Shutdown?

What Happens To Tax Refunds During a Government Shutdown?

 You're probably wondering when your state or federal income tax refund will come during a government shutdown. Here's how to get a status update. 

Aug 13, 201902:40
Florida Free Tax Day | August 2 - August 6, 2019

Florida Free Tax Day | August 2 - August 6, 2019

 Back-to-school shopping officially kicks off with Florida's no tax weekend from August 2 - August 6, 2019. 

Aug 13, 201903:19
3 Ways to Avoid an IRS Audit

3 Ways to Avoid an IRS Audit

 Learn more about IRS audit red flags. A small business can build a defense with publicly available tax audit resources and information. 

Aug 13, 201903:41
What Are the 2019 Income Tax Rates?

What Are the 2019 Income Tax Rates?

 The income tax thresholds change each year which determine your income tax bracket. Currently, the IRS has seven tax rates for each filing status. 

Aug 13, 201902:23
Starting a New Business? Before You Forget...

Starting a New Business? Before You Forget...

 Starting a new business takes a lot of work and focus. Get tips on the best way to tackle a startup. 

Jul 28, 201902:40
Should I Use QuickBooks Self Employed?

Should I Use QuickBooks Self Employed?

 Picking the best bookkeeping app helps you reduce your stress and headaches. Use a solution that fits your business structure and lifestyle. 

Jul 28, 201902:56
Why meals kits are so popular with entrepreneurs?

Why meals kits are so popular with entrepreneurs?

 Meal kits offer a variety of options and save time on meal prep. See why so many entrepreneurs prefer meal delivery services. 

Jul 28, 201902:22
How to File Taxes Online for Free (Without Extra Fees)

How to File Taxes Online for Free (Without Extra Fees)

 Efiling your taxes saves time and money when you choose the free online tax filing service. The IRS has a list of members who do not charge based on specific criteria. 

Jul 28, 201903:18
Practical Hardwood Floor Refinishing Tips for Landlords

Practical Hardwood Floor Refinishing Tips for Landlords

 Refinishing hardwood floors can improve the value of your property. If you're a landlord, you can deduct the cost of project on your tax return. 

Jul 28, 201903:39
Find an Accountant Near Me

Find an Accountant Near Me

 When you're ready to find a bookkeeper or accountant, you also need to take time to select the right person. 

Jul 28, 201903:11
What to Look For When You Purchase Investment Property

What to Look For When You Purchase Investment Property

Save time and money before purchasing a rental property by using a reliable checklist.

Jun 28, 201903:06
What Are the Tax Return Filing Status Options?

What Are the Tax Return Filing Status Options?

 The federal income tax return requires you to select a filing status to determine your tax liability and eligibility for credits. 

Jun 28, 201903:02
Do I Need to File a Tax Return?

Do I Need to File a Tax Return?

 Do I need to file taxes? The best way to answer the question is by referring to the IRS and state income charts for the annual income tax return located in the form instructions. 

Jun 28, 201902:60
Do I Have to File a State Tax Return as a Non-Resident?

Do I Have to File a State Tax Return as a Non-Resident?

 You may need to file a state tax return when you earn income or sell an asset within its boundaries. Each state has different rules to follow. 

Jun 28, 201902:38
Myth: I Only Report My Business When It Earns Money

Myth: I Only Report My Business When It Earns Money

 Almost all businesses must file a tax return to report their activities regardless of the amount of money earned during the previous tax year. 

May 23, 201902:34
Should I Buy a Timeshare?

Should I Buy a Timeshare?

 Before you commit to buying a timeshare, make sure you understand all the pros and cons. 

May 21, 201903:21
What is a Business?

What is a Business?

 A business can take on many forms including side gigs and revenue from unincorporated ventures. 

May 20, 201903:08
Can Someone Really Pay Zero Tax?

Can Someone Really Pay Zero Tax?

 If you're wondering how other people pay zero taxes, then you need to understand the most essential lines on the tax return. 

May 20, 201903:26
How to Deal With Non-Paying Customers

How to Deal With Non-Paying Customers

 Proactively managing your accounts receivable helps you prevent cash flow problems. 

May 20, 201902:56
Myth: I Can Deduct Everyday Meals While I'm At Work

Myth: I Can Deduct Everyday Meals While I'm At Work

 A deductible business meal requires you to satisfy several factors before you can place it on the tax return as a write-off. First, you need to jump the hurdle of a nondeductible personal iving expense. Then, show it's a qualifying business meal. 

May 20, 201902:35
Free Accounting Spreadsheet Templates for a Small Business

Free Accounting Spreadsheet Templates for a Small Business

 An accounting spreadsheet or chart of accounts template helps you organize your business transactions. 

May 20, 201902:32
101 Tax Write-Offs That Will Help You Save Money

101 Tax Write-Offs That Will Help You Save Money

 What can I write off on my taxes? Click to open an extensive list of tax write offs for your small business. 

Apr 05, 201908:26
Should I Use QuickBooks Checks and Supplies?

Should I Use QuickBooks Checks and Supplies?

 When you must print a paper check, you can buy your QuickBooks supplies directly at the Intuit Market. 

Apr 05, 201902:49
What Is a Chart of Accounts?

What Is a Chart of Accounts?

 The chart of accounts is the backbone of small business bookkeeping. Without it, you couldn't categorize your transactions or create meaningful reports. 

Apr 05, 201903:18
Social Influencer Marketing: How to Reach Micro Influencers

Social Influencer Marketing: How to Reach Micro Influencers

 Micro influencers can help boost your brand, add followers, and increase conversions. Influencer marketing is the latest trend in advertising. 

Mar 22, 201904:07
Myth: I Can Deduct My Tuition & Student Loan Payments

Myth: I Can Deduct My Tuition & Student Loan Payments

 Small business tax deductions do not include the cost of acquiring the initial degrees or licenses that allow you to enter your field of work. However, expenses for maintaining the license afterwards is allowable. 

Mar 22, 201902:49
4 Rules of Success for DIY Small Business Accounting

4 Rules of Success for DIY Small Business Accounting

Get the top DIY accounting tips that help you stay on track with your small business bookkeeping tasks. 

Mar 12, 201902:35
When to Hire a Professional for Your SMB Bookkeeping

When to Hire a Professional for Your SMB Bookkeeping

 DIY accounting (and bookkeeping) only works if you can stick to a set schedule and complete all the duties. 

Mar 12, 201904:57
Why Is My Tax Bill So High?

Why Is My Tax Bill So High?

Paying too much in taxes? You need to get to the root of the problem before you can implement the best solution. 

Mar 12, 201902:48
Am I Working with a Good Accountant?

Am I Working with a Good Accountant?

 Why should I use an accountant? Learn why and how to pick an accountant that you can rely on. 

Mar 12, 201903:16
6 Reasons Cloud Accounting Software Is Better Than Desktop

6 Reasons Cloud Accounting Software Is Better Than Desktop

 See how small business accounting software or cloud accounting can take your business to the next level. 

Mar 12, 201902:57
How to Claim Mileage from your Home Office

How to Claim Mileage from your Home Office

 Business mileage can add up fast so it's best to use a mileage tracker for the largest mileage deduction. 

Mar 12, 201902:30
Small Business Owner: What Can I Deduct on My Taxes?

Small Business Owner: What Can I Deduct on My Taxes?

 Small business tax deductions and write offs start with proper classification of your business expenses. 

Mar 12, 201902:37
Why You Need To Hire a Freelancer for your SMB

Why You Need To Hire a Freelancer for your SMB

 Freelance projects can help you save time and money in the long run. 

Mar 12, 201902:26
How Rebate Apps Can Boost Business Cash Flow

How Rebate Apps Can Boost Business Cash Flow

 Using rebate apps and free coupons can cut down on the cost of office supplies and expenses. 

Mar 12, 201902:42
Why Insured Service Providers Save You Money

Why Insured Service Providers Save You Money

 Find out how you save money by hiring an insured service provider or vendor for your small business. 

Mar 11, 201902:28
The Most Valuable Benefits of a Business Insurance Policy

The Most Valuable Benefits of a Business Insurance Policy

 Determine if you need professional liability, business interruption insurance, employer insurance, and commercial property insurance. 

Mar 11, 201902:52
Why Reporting All Your Income Actually Helps You

Why Reporting All Your Income Actually Helps You

 Learn why claiming all your taxable income (even the smallest amounts) helps you in the long run. 

Mar 11, 201902:34