Taxes Articles

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    How Not to Trigger an IRS Audit

    by on April 7, 2011

    The IRS doesn’t reveal the exact details on how a small business tax return is selected for an audit any more than McDonald’s discusses the recipe for the Big Mac’s special sauce. The IRS does provides some hints here, but many point to red flags that scream…

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    5 Big Tax Saving Strategies for Small Businesses

    by on April 6, 2011

    Hopefully you know it’s almost tax time. But do you know whether your business is set up to take advantage of the tax breaks available to you? Here are five ways you can save money by cutting back your taxable income. It may be too late to implement some of …

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    Understanding Quarterly Estimated Taxes

    by on March 24, 2011

    Since you’re a business owner, you don’t have any employer withholding tax payments from your paycheck. That means you’re responsible for sorting out how much of your income should go to Uncle Sam on your own — and worse yet, you’re likely responsibl…

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    Which Business Organization Structure Is Right for You?

    by on March 23, 2011

    If you’re about to launch a business, or your business situation has recently changed, you may be questioning what sort of organization structure to choose. You can elect to classify your business in a number of different ways, depending on how you’d like …

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    How Does Asset Depreciation Work?

    by on March 22, 2011

    If you’ve recently launched your business and are trying to account for all of your expenses, you’ve probably come across the term “asset depreciation.” What does it mean and how does it work? Here’s a brief guide to this complex term.

    Asset depreci…

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    Is Your Independent Contractor Really an Employee?

    by on March 17, 2011

    If you’ve ever considered hiring an independent contractor, you’d better make sure you understand the classification rules. The IRS has recently begun cracking down on small businesses that misclassify their workers, forcing them to pay back benefits to wo…

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    What California Businesses Need to Know About Payroll Tax Reporting Changes

    by on March 3, 2011

    Employers in California are facing a significant adjustment to how and when they report their payroll taxes. The state recently announced that businesses must file returns quarterly instead of annually, as was the case through 2010. They’ll do so beginning wit…

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    5 Business Tax Deductions You May Be Overlooking

    by on March 2, 2011

    When tax time comes around, you know all of the standard expenses you can write off, like office rent and equipment, payroll, and vendor costs. But you may be neglecting to take note of dozens of potential tax write-offs that could save you thousands of dollar…

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