We here at Hernandez & Company feel that an informed client is our best customer. Weekly Newsletter Archive   Tax Planning Newsletter

Driving the Company Car There are many valid business reasons for having a company car. For example, most businesses will need a car at some point so that the owners or employees can visit customers, make deliveries, and travel to industry conferences. Expenses related to cars that are used 100% for business purposes are fully deductible by the business.   Unexpected Consequences with Employer Retirement Plan Loans It's not unusual for retirement plan participants to have the opportunity to borrow a portion of their vested balance from the plan.   Retaining Tax Information and Records Retaining and storing your income tax information and records is an important final step of your tax filing responsibility. This article contains information on the rules for keeping your tax records.