By Barbara Weltman. Savvy business owners know that learning is a lifetime affair. Fortunately, there are many federal income tax breaks to help defray the cost of your ongoing education. Read More
If you own your own business, working for yourself, you are required to pay self-employment tax. Here's how to figure it out. Read More
When it comes to paying your business’ taxes, less means more for you! Paying Taxes has its benefits as the government is able to provide services such as public education, law enforcement, civic maintenance and upkeep, etc. However, taxes can bring down a business if they are not kept in check. Read More
Entrepreneurs should get their taxes done by a professional. The cost of an accountant preparing your business taxes will cost about $300 per return. But, so few entrepreneurs know there is an alternative option. Enter the enrolled agent. Read More
For most of us, income is just one thing: Money coming in for work we do. But how does the IRS view it? Read More
Four reasons why you should outsource to small business bookkeeping and tax preparation service and focus on your small business growth instead. Read More
The IRS just like in 2009 and 2011, is again offering their Offshore Voluntary Disclosure Program (OVDP), which allows taxpayers shielding income and assets abroad with the chance to come forward to the IRS without incurring major penalties. Read More
Paying quarterly estimated taxes not only keeps the IRS off your back, but it also helps you avoid a huge — and sometimes inconvenient — tax bill each year. Read More
There is a moment of panic when you see that envelope. The IRS (or your state) is auditing you. First, take a breath. There are some critical steps you need to take now that will reduce the amount of stress you feel later, but you need to have a cool head, and accurately assess your situation. Read More
If you have a business loss, then you need to be particularly aware of this. That’s because the IRS is targeting businesses who report losses. And one of the first things they’ll do is challenge whether you have a business. No business means no deductions. Read More
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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!