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...
by | Oct 27, 2015 | Accounting & Bookkeeping, Books, Cash Flow, Income Taxes, Small Business Owners, Tax Tip of The Week
There are really two things that many business owners do that can, and often do, lead to a visit to the bankruptcy attorney. First, they hire an employee but they either ignore the filing and paying of their payroll taxes, or they hire someone to do it and never check...
by | Oct 23, 2015 | Accounting & Bookkeeping, Books, Income Taxes, Sales & Marketing, Small Business Owners, Tax Tip of The Week
The following was reported in the Kiplinger Tax Letter of March 2012: A couple who used their vehicles in their sole proprietorships found this out the hard way. Their logbooks were riddled with mistakes, questionable entries and other irregularities—so much so...
by | Oct 20, 2015 | Accounting & Bookkeeping, Books, Income Taxes, Sales & Marketing, Small Business Owners, Tax Tip of The Week
If you’re a business owner, you know how much you rely on your family’s support. Your spouse is probably already helping you in your business. Actually, officially putting them on the company’s payroll has many advantages. You can deduct the full amount...
by | Sep 17, 2015 | Accounting & Bookkeeping, Books, Cost Cutting, Current Affairs, Income Taxes, Sales & Marketing, Small Business Owners, Small Business Success Series, Surviving an IRS Audit Series, Tax Tip of The Week
The following article appeared in the July 2015 issue of Small Business Tax Strategies (a publication worth checking out at www.SmallBizTax.net): The IRS has informally indicated that iPads and other tablets will be treated like cell phones when employers provide them...
