Tax Tip of the Week- GET THOSE W-2s and 1099s OUT ASAP!!!

by | Jan 29, 2011 | Accounting & Bookkeeping, Books, Current Affairs, Income Taxes, Small Business Owners, Tax Tip of The Week

All employers that have employees or contract workers are required by law to give their employees and/or laborers their Form W-2 or 1099 by January 31, 2011. This can be done either in person or by mail. If you are unable to reach an employee, you must mail their form...

Marketing & Selling Tip of the Week – Keeping Up With The Times

by | Jan 21, 2011 | Current Affairs, Sales & Marketing, Small Business Owners, Web/Tech

Marketing is not a cut and dry element of business. Yes, you can run an ad and see a jump in sales, train your staff to up sell and see an increase in profits. But marketing as a whole needs to be ongoing and change with the times. A prime example of this is the...

Tax Tip of the Week – Big Increases in Penalty for Failure to File 1099s & K-1s

by | Jan 21, 2011 | Accounting & Bookkeeping, Current Affairs, Income Taxes, Small Business Owners, Tax Tip of The Week

The rocketing federal deficits have spurred congress to make another effort to force the underground cash basis economy to file returns and pay their tax. Their solution – larger penalties for taxpayers who fail to file 1099s.  As a general rule, businesses...

Tax Tips of the Week – Take Home Pay Goes Up and Standard Milage for 2010

by | Jan 13, 2011 | Accounting & Bookkeeping, Current Affairs, Income Taxes, Tax Tip of The Week

Payroll Tax Cut to Boost Take-Home Pay for Most Workers Millions of workers will see their take-home pay rise during 2011 because the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 provides a two percentage point payroll tax cut for...

Tax Tip of the Week- Late Passage of Bush Tax Cut Extension by Congress Will Delay IRS Processing of Refunds

by | Jan 6, 2011 | Accounting & Bookkeeping, Cost Cutting, Current Affairs, Income Taxes, Tax Tip of The Week

The IRS has announced that due to the tax law changes enacted by Congress and signed by President Obama in late December some tax filers will need to wait until mid-to late February to file their tax returns in order to give the IRS time to reprogram its processing...

Marketing & Selling Tip of the Week – Break the Mold

by | Jan 6, 2011 | Current Affairs, Sales & Marketing

In marketing you hear “Think outside the box” a lot. It may sound a bit cliché; but, that is the type of thinking that makes for success. Striving to be different and standing out is what you need to infuse into your business’s marketing. This year is the perfect time...