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Deductr logo August 2017

In This Issue

  • LIVE Deductr Training Webinar - 8/22
  • Don't Buy Stuff Just for the Tax Deductions
  • 5 Proven Ways to Boost Your Credit
  • Should You Be Paying Quarterly Taxes?
  • Laff Trax: Finding Humor in Life

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Deductr Training Webinar: LIVE - Tues 8/22 9:00 PM EDT

Live Training Webinar

Every month hundreds of new and current Deductr customers attend our Live training webinar to help them use Deductr most effectively and efficiently for their businesses.

Join our webinar on Tuesday evening, August 22, for a detailed walk-through of the Deductr expense tracking system. Start time is 9:00 PM Eastern Daylight Time. Please check your time zone for the correct starting time where you live.

Director of Communications and Training at Deductr, Doug Long, will take you through a comprehensive training click by click. We will discuss all versions of Deductr, U.S., Canadian, and International.

Seats are limited and available on a "first come first served" basis. Register now!

Our webinars fill up fast.


Don't Buy Stuff Just for the Tax Deductions

Even though tax deductions are very valuable, you wouldn't want to buy something that you don't need just to get the deduction.

Since you will have to pay the "full cost" for the item, your "tax savings" will only cover a portion of that cost.

Another way to look at it, If you bought a nice sofa for your office for $600, you would probably be able to save less than half in taxes, so you would still have substantial out-of-pocket costs. On the other hand, if you really needed a new sofa, the tax savings might allow you to purchase a slightly more expensive sofa since some of the purchase price will be "returned" to you in the form of tax savings.

Consult your tax professional to see if this fits your circumstances. This is not to be taken as tax advice. 


Good Credit Bad Credit

Boost Your Credit - Or Build it From Scratch? 

by Kristin Wong

Like it or not, credit matters. It’s also complicated. So let's break down the basics.

When a lender or landlord looks at your credit, they’re not just looking for a three-digit number, they want to know how you actually handle credit. 

That’s why your credit report is more important than your score. That said, your score matters too, and the good news is there are shortcuts for boosting it in a relatively short amount of time. And if you don’t have credit at all — let’s say you’re a teenager about to start college — your biggest focus should be on building up a credit history. That way you can apply for student loans, apartments, and make sure you aren’t gouged on bills. 

Here are some proven options for building or rebuilding your credit.


Should You Be Paying Quarterly Estimated Taxes?

By Tina Orem @nerdwallet

April 15 isn’t the only day the IRS expects to receive money. America runs a pay-as-you-earn tax system, which means that as soon as you get paid, the IRS wants its cut. And depending on the sort of work you do or how you’re paid, you might need to settle your tax bill every quarter via estimated tax payments.

Who needs to make quarterly tax payments?

For most people, pay-as-you-earn happens through payroll taxes — that bite Uncle Sam takes out of your regular paycheck. But if you don’t have taxes withheld from your pay, or you already know you’ll have a big bill when you file your tax return next April, you probably need to make quarterly estimated tax payments.

The IRS says you need to make quarterly estimated tax payments if you expect:


Published with permission from NerdWallet

Laff Trax: 

Finding Humor in Life

Cowboy Wisdom

  • Life is not about how fast you run, or how high you climb, but how well you bounce.
  • Good judgment comes from experience, and a lotta that comes from bad judgment.
  • Words that soak into your ears are whispered, not yelled.
  • Don't sell your mule to buy a plough.
  • It don't take a very big person to carry a grudge.
  • The best sermons are lived, not preached.
  • Don't squat with your spurs on.
  • Live a good, honorable life. Then when you get older and think back, you'll enjoy it a second time.


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