Taxes Articles

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    How to Keep Your Small Business From Getting Audited

    by on April 9, 2013

    It’s the kind of letter or phone call that strikes fear in the hearts of most small-business owners: The IRS is contacting you to audit your income-tax return.

    There’s no need to panic, however. Although there is no sure-fire way to avoid a tax audit, the…

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    Is Online Sales Tax Inevitable?

    by on April 9, 2013

    The days of selling items tax-free online appear to be coming to an end.

    The U.S. Senate has approved an amendment to the 2014 federal budget that would require online sellers who ship more than $1 million worth of merchandise each year to collect appropriate…

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    The Home Office Deduction Is About to Get a Lot Easier

    by on February 8, 2013

    The home-office tax deduction is something that every home-based business owner loves to hate. From the stories about how taking it increases their chances of getting audited to the complex math required by IRS Form 8829 [PDF], everything about the deduction i…

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    In the Trenches: Managing Year-End Forms

    by on January 16, 2013

    A lot of good and bad comes with the end of the year. The good is reflecting back on our performance. The bad is doing all of the tax- and accounting-related work that needs to get done.

    I should say that reflecting on our performance is good mostly because w…

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    What Every Small-Business Owner Should Do Before the Year Ends

    by on December 14, 2012

    Although your mood of late may be moving from motivated to merry, there is much that you — and every small-business owner — should do before the year ends to set yourself on a good path for 2013.

    Here are a few action items that should be at the top of yo…

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    Potential Payroll Tax Changes to be Aware of in 2013

    by on November 28, 2012

    A new year means a new round of potential U.S. tax law changes that would impact payroll in 2013. Your main focus is on growing your small business, but not being aware of these changes could make for a stressful tax season as deadlines near. To help ease the …

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    8 Small Business Tax-Saving Tips for 2012

    by on November 27, 2012

    As we near the end of a tumultuous 12 months with a tug-of-war on tax reform in Congress, many small-business owners are probably wondering what they need to know about their 2012 taxes.

    Here’s a list of tips that can save you money, courtesy of Craig Ca…

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    3 Tips for Paying Quarterly Estimated Taxes

    by on November 8, 2012

    For most Americans, April 15 is the big tax deadline each year. But for those who don’t have an employer withholding money from their paychecks — namely, small-business owners — payments are actually due four times a year.

    These quarterly estimated taxe…

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