Month: July 2015

Archive for July 2015

Cover & Rossiter Employees Enjoy a Snoball Day

In an effort to beat the heat and enjoy a little fun in the sun, Cover & Rossiter surprised its employees with a frozen treat from Cajun Sno! A Cajun-Sno truck drove to the Cover & Rossiter office and served snoballs to all of the employees so they could take a break and enjoy a beautiful…

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Tax Tips for Members of the Military

Special tax benefits apply to members of the U. S. Armed Forces. For example, some types of pay are not taxable. And special rules may apply to some tax deductions, credits and deadlines. Here are ten of those benefits: 1. Deadline Extensions. Some members of the military, such as those who serve in a combat…

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10 Tips for Deducting Losses From a Disaster

National Hurricane Season is officially in progress. If you suffer damage to your home or personal property, you may be able to deduct the losses you incur on your federal income tax return. Here are ten tips you should know about deducting casualty losses: 1. Casualty loss. You may be able to deduct losses based on…

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The Home-Based Business: Basics to Consider

More than 52 percent of businesses today are home-based. Every day, people are striking out and achieving economic and creative independence by turning their skills into dollars. Garages, basements, and attics are being transformed into the corporate headquarters of the newest entrepreneurs–home-based businesspeople. And, with technological advances in smartphones, tablets, and iPads as well as…

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Travel & Entertainment: Maximizing Tax Benefits

Travel Expenses Tax law allows you to deduct two types of travel expenses related to your business, local and what the IRS calls “away from home.” I. First, local travel expenses. You can deduct local transportation expenses incurred for business purposes such as the cost of getting from one location to another via public transportation,…

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