by | Feb 9, 2016 | Books, Income Taxes, Small Business Owners, Tax Tip of The Week
Those who are self-employed are known as Independent Contractors. They may act as a consultant or a virtual staff member for a company or corporation. Meaning they do work on behalf of the company but aren’t considered an “employee” as far as benefits go – this means...
by | Jan 28, 2016 | Accounting & Bookkeeping, Books, Income Taxes, Small Business Owners, Surviving an IRS Audit Series, Tax Tip of The Week
The IRS recently announced the official standard mileage rates for 2016. The mileage rates are: • 54 cents per mile for business use. This is a 3.5 cents per mile decrease from the 2015 business mileage rate. • 19 cents per mile for medical and moving miles driven in...
by | Jan 6, 2016 | Accounting & Bookkeeping, Income Taxes, Personal financial planning, Tax Tip of The Week
It is not just individuals and households that have been feeling the pinch as of late – governments everywhere have too. In their efforts to deal with unprecedented budget deficits, they have recently done everything from closing tax loopholes to encouraging tax...
by | Dec 4, 2015 | Accounting & Bookkeeping, Income Taxes, Personal financial planning, Tax Tip of The Week
Many wage-earning taxpayers with children believe that since they are not in business or don’t own rental properties, their tax-planning opportunities are limited. While they don’t have anywhere near as many options, there are still a number of strategies that...
by | Nov 30, 2015 | Income Taxes, Small Business Owners, Tax Tip of The Week
Do you have a plan for dealing with all the new taxes affecting business owners in 2015 and 2016? Make no mistake about it—the government is raising taxes to cover their excessive spending, and not managing your income taxes can cost you thousands of dollars...
by | Nov 18, 2015 | Accounting & Bookkeeping, Cost Cutting, Income Taxes, Small Business Owners, Small Business Success Series, Tax Tip of The Week
Tax Planning Guarantees the Business Owner They Will Pay Less in Taxes Very little in business is guaranteed. Even a well-planned marketing and sales campaign cannot guarantee results. But those businesses that take tax planning seriously are almost...
