on April 1, 2014
Business travel can be a lot of things: exciting, tiring, profitable, and — if you don’t properly manage your expenses, per the IRS — taxing (in the financial sense).
When it comes to deciding what to claim and how, there’s no substitute for seeking a…Read » Views: 5,049
on March 17, 2014
Tax season may not be your favorite time of year, but it can provide a catalyst for identifying and addressing any financial missteps you’ve taken over the past year.
Here are four common financial mistakes that small-business owners make — and some exper…Read » Views: 2,546
on March 6, 2014
Making estimated tax payments comes with the territory when you strike out on your own. If business is predictable, it’s easy enough to send the IRS a set amount on a quarterly basis. But if your income fluctuates throughout the year, how do you ensure you d…Read » Views: 4,604
on February 11, 2014
Nexus, also called “sufficient physical presence,” is a legal term that refers to the requirement for companies doing business in a state to collect and pay tax on sales in that state. For example, if you sell goods or services in Los Angeles, you must fil…Read » Views: 5,283
on February 3, 2014
When I started a crafts business 25 years ago, I was focused solely on making art. I didn’t know anything about managing money, and I hoped that the finances would just take care of themselves.
Over time, I discovered that taking charge of my business’s…Read » Views: 2,442
on January 6, 2014
The U.S. Supreme Court is refusing to get involved in the ongoing dispute over the collection of sales tax on online purchases. On December 2,2013, the court declined to hear a case in which Amazon and Overstock challenged a New York law allowing the state to…Read » Views: 1,952
on December 20, 2013
It’s up to you to keep the appropriate records and take advantage of the available IRS income-tax deductions. There’s a fine line between cheating the system and not cheating yourself.
Here’s a look at a few of the breaks available to small-business ow…Read » Views: 3,736
on December 17, 2013
Tax season is right around the corner. Getting your financial house in order now can help you avoid problems later. Here are some key documents to gather as the calendar year draws to a close.
Income Records — If you worked for an employer before becoming a…Read » Views: 2,782