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Tax Deduction Checklist

A tax deduction checklist is one of the most important items a small business, or home based business, can have. This will always allow you to review it, and refresh your memory as to what is tax deductible and what is not. There can definitely be some gray areas when taking business deductions, but if you are not sure, or if it will raise a red flag, then just don?t do it. It is not worth it. But I have compiled a tax deduction checklist I use, and it is one I put together with my tax accountant.

1. 
   Automobiles: 2 ways to deduct this, either by miles, or by all of the receipts of your expenses. Personally, I recommend just using the mileage deduction. You will probably be able to deduct more money this way, and it is just plain easy. Write down the number of miles it takes you to go somewhere for business. Then add them up and multiply it by the dollar deduction for mileage. This number may change.


2. 
   Office: Anything used in the operation of your office, whether at an office, or in the home office, is tax deductible. Just keep receipts.


3. 
   Bank charges: Any amount of money you are charged through a bank, or through a credit card processing company, is deductible.


4. 
   Business Gifts: Be careful with this one. If it is truly a gift, then deduct it. But this can cause a red flag with auditors if the amounts of the gifts become very large. It looks as if you are just trying to not pay taxes.


5. 
   Health Insurance: Any amounts of premiums you pay for your self employment are deductible. This included medical, life, and dental.


6. 
   Charitable contributions: Any donations made to charities can be deducted.


7. 
   Professional Fees: If you have an accountant, which files your taxes, and charges you a fee, it is deductible. Same goes for lawyers and consultants.


8. 
   Depreciation: Check with your accountant on this one. Some things must depreciate over a certain number of years. And, it all comes down to how you label it. If I bill someone for a ?Website Design?, they are suppose depreciate it. But, if I call it ?website updates?, they can write off the entire amount. Kind of tricky, so be careful.

The above gives you a pretty quick and easy tax deduction checklist. Feel free to use this, and this will give you a general guideline on what to deduct. I would also consult a tax person if you have any questions.

For more information on taxes, visit Small Business Information and Facts

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Current american boating association News
Gerald 'Jerry' R. Shoe

Fri, 02 May 2008 04:00:00 GMT
A funeral service for Gerald Ray Shoe, 75, of Newark, will be at 11 a.m. Saturday at Brucker & Kishler Funeral Home, Newark, with Pastor Gus Christo-Baker officiating.

Anne Arundel Datebook

Sun, 04 May 2008 10:16:11 GMT
TODAY Art festival // The Inner West Street Association will present the First Sunday Arts Festival from noon to 5 p.m. on West Street from Church Circle to Calvert Street.

Barack Obama

Hillary Clinton

Hillary Rodham Clinton

Dmitry Medvedev

Cyclone Nargis

Rev Al Sharpton

Vladimir Putin

Silvio Berlusconi

John McCain

Henry Paulson

United Nations

George Mc

Amy Winehouse

Maple Leafs

Paul Maurice

Brooklyn Bridge

Hu Jintao

Jenna Bush

Rival Hillary Rodham Clinton

Ban Ki-moon

West Virginia

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System File Checker: A Windows XP Troubleshooting (and Maintenance?) Utility


Duc

System File Checker is a great utility that is typically not utilized by the average Windows XP User. What it does is scan system files that are protected by Windows File Protection (by default Windows File Protection is enabled), and it checks to make sure that the protected files have not been altered. If it finds that a protected file has been altered, it will replace the file with the proper file.

If you are troubleshooting a windows problem or error, running the System File Checker, should be first check. The nice thing about the System File Checker is that it is a tool that isnt as intrusive as doing a repair install or using the recovery console. Also, by design, it is utility that doesnt hurt to run, in fact it is a utility that should be run even when there are no problems. System File Checker is meant to ensure that files that are critical to Windows to operate properly are not deleted, overwritten or altered in any way.typically 3rd party software or malicious virus attacks are the culprits.

Taking this a step further, I have incorporated running this utility regularly as a maintenance tool, even when I am not experiencing any problems.

You might be saying to yourself, well, I havent experienced any viruses lately and I dont think that any of the software on my computer has caused system files to be replaced and overall I my computer is running in tip top shape,...so Im sure that my system files are fine and have not been replaced, renamed or altered.

Well, think againI have been using the System File Checker for a very long time, and to this day, I have NEVER had the utility not find anything. The way you can tell if the System File Checker finds a file on your system that has been replaced, deleted, or altered, is to run the utility without inserting your Windows XP Installation CD . If all of your files are good,then you will not receive a prompt asking you to insert your Windows XP Installation CDHere is how to run System File Checker

Click Start, then Run , then type sfc /scannow then click OK

If you see a window pop up asking you to insert your Windows XP Installation CD, then the System File Checker utility has found a file on your system that has been replaced, deleted or altered.

Reasons To Run System File Checker :

If a service wont start
If Basic Windows Functions not working properly
If a System File is Missing
Program wont start
DLL File Missing or Corrupt
If you are experiencing problems while in windows
As a Maintenance Tool to Keep Windows Running Smoothly

In conclusion, if you are troubleshooting, first try running the System File Checker. If you are not troubleshooting, I also urge you to run the System File Checker on a regular basis to keep Windows happy and running smoothly. After all, if Windows isnt happy, where does that leave you?

For More Great Articles & Tips like this visit my website :
http://www.fixmyxp.com
or consider purchasing my book, Windows XP POWERUPS.101 Tips Tricks & Tweaks to improve Windows XP Performance:
http://www.fixmyxp.com/ebook/101_windows_xp_super_tweaks.htm

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