Articles written by Gina L Gwozdz CPA

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About me - Gina L Gwozdz CPA

I'm a successful tax author (http://TaxTreasures.com) and owner of my tax firm, Gina L. Gwozdz, CPA (http://GLGcpa.com). My goal is to minimize my clients tax liability within the constraints of the law and I believe the first step is to help them understand

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Business > Small & Home Business Tips for small business owners during the current economic climate: 9 of 39

Don't let the housing market, rising gas prices and the election year fears negatively affect your business. Traditionally small businesses have been hurt the hardest when the economy takes a downturn, but traditions do not need to be repeated. Today's small business owner has the resources to plan, monitor and take correcti...
Business > Small & Home Business Tips for reporting small business tax returns in the US: 2 of 4

The IRS is constantly monitoring new businesses to make sure that they are not established solely for tax breaks, so when you start a new business make sure you do it correctly in order to protect any initial losses you may incur. If your business loses money, you can use losses to offset income from wages, interest, dividen...
Business > Entrepreneurship Understanding the different types of businesses in the US: 3 of 4

When deciding which entity you should use for your new small business most business owners focus on two fundamental issues: 1. Removing your personal liability for the business debts and 2. How will the business entity be taxed There are pros and cons for each entity choice and there is no one right entity. If there were, th...
Personal Finance > Taxes Are car expenses and public transportation tax deductible?: 3 of 3

Your car expenses and public transportation can be tax deductible under the following situations: 1. Medical purposes 2. Charitable purposes 3. Employment relocation 4. Trade or Business purposes Taxpayers are allowed to deduct car expenses if the car is used as transportation for medical care. Taxpayers can deduct either th...