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Tax Deductions for Salary or Commission Employees

Most employees cannot deduct expenses on their tax return however there are some instances when employees can claim a deduction. The rules are less stringent if an element of the employee’s compensation includes commission. Salary employees There are limited expenses you can deduct: accounting and legal fees, motor vehicle expenses, traveling expenses, parking, supplies, salary […]

Tax Year 2016 Filing Calendar: Important Dates for Individuals and Businesses

Individual and business taxpayers should be aware of these primary tax filing due dates: April 30th  — This is the deadline for filing most tax returns. If you owe anything, you must pay any balance by this date or interest will accrue. For 2016 tax returns, the filing deadline is May 1, 2017 as April 30th falls on […]