by | Nov 16, 2011 | Accounting & Bookkeeping, Cost Cutting, Current Affairs, Income Taxes, Small Business Owners
There is still time to cut your income tax bill for 2011. Here are 11.5 tax cutters that you should consider implementing before year-end: As long as it makes financial sense, sell any of your stocks that are in a loss position to offset any capital gains you may have...
by | Oct 31, 2011 | Accounting & Bookkeeping, Client Question of the Week, Current Affairs, Income Taxes, Tax Tip of The Week
Answer: Normally, no. But if your spouse is still working, you will qualify for a “spousal IRA”. If you are both over 50, you can deduct up to $6,000 each for a total of $12,000 (assuming one of you earned at least that much during the year). You have until your tax...
by | Oct 29, 2011 | Cost Cutting, Current Affairs, Income Taxes, Tax Tip of The Week
Until 12/31/11 you can use Section 179 to write off 100 percent of qualified real property (called real estate for people who don’t speak IRS). Historically, only tangible personal property (equipment) qualifies for Section 179 treatment. But for tax years beginning...
by | Sep 23, 2011 | Accounting & Bookkeeping, Client Question of the Week, Current Affairs, Small Business Owners, Web/Tech
Question: Why did the IRS penalize me 10 percent for sending them a check to pay my payroll taxes? Answer: Beginning January 1, 2011, the Treasury Department eliminated the system that processed the yellow coupon books (Form 8109) that most small business owners...
by | Sep 20, 2011 | Current Affairs, Sales & Marketing, Small Business Owners, Web/Tech
In the new age of technology and the absence of education in etiquette, I have seen many salespeople blow sales because they cannot put their phones down! Constantly checking your phone, texting, and taking phone calls in the middle of meetings is not acceptable and...
by | Sep 19, 2011 | Current Affairs, Income Taxes, Tax Tip of The Week
Well, the corporate extension deadline just passed, and now the deadline for those taxpayers who extended their returns on April 15th is approaching. The last day to file your 2010 individual tax return is October 17, 2011 (this year, the 15th is on Saturday.) So if...
