on November 12, 2014
For members of the working world, taxes tend to be an unpleasant yet largely bearable fact of life. However, when it comes to retired individuals, taxes are often far more than a mere inconvenience.
According to a recent article by U.S. News & World Rep…Read » Views: 1,215
on November 11, 2014
Claiming the tax deduction for business-related mileage can reduce your t ax burden, but ensuring that you realize true value from this benefit requires careful record keeping. (In fact, the IRS explicitly asks whether you have written documentation of mileage…Read » Views: 2,071
on October 31, 2014
At some point in the life of a business owner, you will probably bring in contract workers to assist you in serving your customers and clients. While the paperwork for these contractors is much simpler than for a regular employee, there are some steps you nee…Read » Views: 3,429
on October 17, 2014
As a business owner, you not only need to do work for your clients and customers, but also handle the back-office tasks. This includes billing, accounting, marketing, and taxes. Tax forms you’re likely to have to manage include those that begin with the number…Read » Views: 2,117
on October 10, 2014
Tax season won’t get underway for a few more months, but now’s the time to start planning ahead. Waiting until the last minute to get your records in order could easily increase your odds of making a critical error on your return, and it significantly elevat…Read » Views: 1,876
on October 2, 2014
Most small-business owners would say one thing they would meticulously avoid if given the chance is a tax audit. But rather than living in fear of the unknown, let’s take a look at some of the most common triggers for a small-business tax audit. The IRS uses…Read » Views: 3,245
on September 15, 2014
With each tax deduction you take, you reduce your overall tax burden. And as a small-business owner, you can use all the relief you can get.
Make sure you don’t leave money on the table this tax season by taking advantage of these top tax write-offs:
Hom…Read » Views: 6,722
on September 11, 2014
Tax audits are rough, but you still have recourse even if they don’t end up in your favor. If your business is audited by the IRS, and the auditor rules against you but you believe the ruling to be in error, you can appeal the decision.
You should receive …Read » Views: 4,006