on July 23, 2013
Unless your store caters to warm-weather activities, you may notice a drop-off in business in the summertime when people go away for vacation, spending less time shopping and more time relaxing.
“Part of the challenge of the summertime in particular is it’s r…Read » Views: 4,293
on June 24, 2013
Congratulations! Your small business has moved beyond the initial startup phase and is now a profitable venture. Although you may have worked for free in the early days, it’s time to pay yourself for your efforts.
You generally have two options for taking h…Read » Views: 69,834
on June 10, 2013
The Marketplace Fairness Act, which could force many more business owners to collect sales tax on online purchases, recently passed the U.S. Senate. However, the legislation faces an uncertain future as lawmakers in the House of Representatives voice concerns …Read » Views: 2,470
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 …Read » Views: 2,482
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…Read » Views: 10,074
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…Read » Views: 4,494
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…Read » Views: 4,235
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 …Read » Views: 4,562