by | Jun 17, 2011 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Business Success Series, Cash Flow, Cost Cutting, Current Affairs, Income Taxes, Small Business Owners, Small Business Success Series, Surviving an IRS Audit Series, Tax Tip of The Week
Every business owner has tons of business expenses that they “need” in order to run their business. And, every business owner believes that everything they spend should be deducted on their tax return. But, the tax code makes reporting these expenses to the IRS...
by | Jun 10, 2011 | Accounting & Bookkeeping, Books, Cost Cutting, Current Affairs, Tax Tip of The Week
On July 1, 2011 the federal unemployment tax (FUTA) rate is set to drop by 0.2% when a special surtax is scheduled to lapse. President Obama is pushing for it to be extended permanently; but, congress is unlikely to go along with the extension. This means that...
by | May 20, 2011 | Books, Business Profit & Cash Flow Tips, Cash Flow, Cost Cutting, Current Affairs, Income Taxes, Small Business Owners
That is not a misprint! In the minute it will take you to read this article (better read fast) the federal government will spend $237,823 more than the taxes it takes in. You can easily verify this information on the internet and you will see that the federal deficit...
by | May 12, 2011 | Current Affairs, Income Taxes, Tax Tip of The Week
The IRS announced that they paid out tons of bogus claims for homebuyer’s credits. This was based on an investigation by Treasury department inspectors. They uncovered claims that were paid out for homes that were purchased before the credit took effect, by taxpayers...
by | Apr 30, 2011 | Current Affairs, Sales & Marketing, Small Business Owners, Small Business Success Series
Not a lot of business owners know that they can write a press release and submit it to the local news affiliates and try to get some free advertising. If you are having a special event for the community or have been given an award for something that has benefitted the...
by | Apr 28, 2011 | Accounting & Bookkeeping, Current Affairs, Income Taxes, Small Business Owners
Congress finally repealed the new 1099 reporting rules for business owners and rental property. President Obama signed the law on April 14th. The current law requires business owners to report on form 1099 payments to service providers who are not incorporated and...
