Taxes Articles

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    Get Ready for Next Year's Tax Return Now

    by on June 6, 2013

    Small-business owners are probably thinking about paying their second quarter estimated taxes right about now, because they’re due on June 17.

    While you’re at it, why not start getting ready for the next tax season? Planning ahead will make preparing and …

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    What Is an EIN and Does Your Business Need One?

    by on May 13, 2013

    Much like a Social Security number for individual taxpayers, an Employer Identification Number — also called a Federal Tax Identification Number — is how the IRS identifies your company. Business owners use their EINs to conduct activities that would other…

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    Should You Adopt a Fiscal or Calendar Year for Your Small Business?

    by on May 6, 2013

    As an individual taxpayer, you’re required to complete and submit an annual federal income-tax return by April 15 for the prior calendar year. (The IRS sometimes moves the date to avoid Sundays and holidays.) However, if you’re a small-business owner, your…

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    In Business With Your Spouse? Here’s How Your Taxes Work

    by on April 19, 2013

    If you started a small business with your spouse, the federal tax implications of your decision aren’t as simple as you may think. Here’s what you need to know to report your incomes correctly to the IRS next year.

    Employee or Partner?

    The IRS wants to k…

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    6 Ways to Get Audited by the IRS

    by on April 18, 2013

    Who knew that having a vindictive ex or rounding-off figures on a tax return could get you audited by the Internal Revenue Service?

    As you recover from tax time, be aware that there are some little — and not so little — details that could make the IRS …

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    The Top 5 Documents Your Accountant Needs to Do Your Small-Business Taxes

    by on April 10, 2013

    As a small-business owner, tax time can be stressful, as you scurry to pull together all of your receipts and try to remember everything you did last year.

    Although accountants can help you sort and summarize, it’s a lot less expensive if you do that part y…

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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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