Taxes Articles

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    In the Trenches: Dizzying Payroll Rules

    by on February 22, 2012

    I know I’m starting to sound like the boy who cried wolf, but I swear that I’m getting closer to actually hiring someone to help run the business. While hiring someone has always scared me, I’m starting to see that the real pain point is payroll.

    Sure, there …

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    2012 Tax Law Changes You Need to Know

    by on January 31, 2012

    Whether you file your own federal taxes or outsource the task to a pro, you’ll want to be aware of some important changes to U.S. tax laws in 2012. Here are a few items (in order of relative importance for small-business owners) that may affect your small bu…

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    3 Tips for Avoiding Tax Trouble in Business Bartering

    by on January 30, 2012

    Short on cash? Bartering can help you to obtain all sorts of products and services (anything from a new website to a doctor’s appointment) without paying out of pocket. But be advised: Uncle Sam requires you report the fair market value of anything you recei…

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    5 Things You Should Never Say to the IRS

    by on January 3, 2012

    Some truths in life — and business — are better left unspoken, particularly when it comes to federal taxes. If an unexpected tax bill or audit comes your way, bear in mind these five things you should never say to an IRS agent.

    “I’m going to fight this …

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    7 Year-End Tax Tips That Could Save Your Business Money

    by on December 5, 2011

    Tick-tock! The year is winding down, and it’s time to review year-end tax strategies that could save your business a bundle.

    Tax consultants who specialize in advising small and medium-size companies, such as Jonathan Huckabay, a certified public accountant…

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    Does the IRS Think Your Small Business Is a Hobby?

    by on May 16, 2011

    If you’re like most small business owners, you started your company as a sideline and watched it grow. You may have another business or work for an employer while you build up your fledgling venture. And although you may not spend all your time on your small b…

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    How Long Do You Need to Save Those Tax Files?

    by on May 3, 2011

    April 15 has come and gone, the taxes are filed, the checks are written, and you’re finally kicking back with a glass of Sauvignon Blanc to plot the year ahead. Eventually the question creeps into your head: What do I do with all those files of documents I use…

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    5 Tips for Tracking Your Business Expenses

    by on April 21, 2011

    Did you lose a week of otherwise billable time sorting through all of your credit card charges and paper receipts to work out how many of your purchases were business expenses? If so, it’s time to step up your organizational efforts and implement a system fo…

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