Small business owners have only a few days to still be in compliance with the Internal Revenue Service command to send out Form 1099-MSC, by the close of business January 31, 2012 for the 2011 calendar year. These forms must be sent to each person that you paid more than $600 to during the calendar [...]
It is that time of year again where you need to make end of the year tax preparations. Filing an accurate return is critical if you do not want to receive any letters from the IRS. There are a few tips in this article to save you from being noticed by the IRS. [...]
It is never to early to begin organizing your taxes for your upcoming tax returns. Plus, with the end of the year fast approaching, there are a few tax deductions and donations you are still able to make. This is going to help reduce the amount of taxes you need to pay next year. [...]
It is never too early to begin on your taxes, and as long as you have all the necessary paperwork, the sooner you start on your taxes the better. This allows you to get it all out of the way when filing for taxes, and if you are expecting a return, you receive the [...]
Over the past two years, there has been unprecedented tax cuts signed into law for small businesses to help empower our unpredictable economy. Billions of dollars for tax relief from the Recovery Act, the Job Creation Act, The Hire Act, and the Small Business Jobs Act, have helped businesses grow and create new jobs to [...]
If you are looking to get representation for your small business, we are happy to help with any of your tax related issues. There are many new tax breaks available to small businesses, and some of them are highlighted below: – If you have around half your employees on health care sponsored by the [...]
If you need tips and or advice on your small business taxes, you should definitely consult someone who has a lot of experience and knowledge. Many companies will be able to provide you with the correct way to tax plan. Some of these tips will include ways on how you can avoid fines with quarterly [...]
If you are self employed or have a side job that does not withhold your taxes, you will need to pay estimated quarterly taxes or have to pay fines and interest on April 15th when you file your yearly tax forms. It is a tedious process, but quite necessary if you want to avoid paying [...]
Payroll taxes are taxes that are taken from employees for things such as Social Security and Medicare. These taxes are deducted by the employer and then must be matched by the employer. Distribution of these taxes must go directly to the IRS along with the appropriate forms and reports. Form 941 is a report on [...]
Eliminate Audits with a Professional Accountant Most small business owners dread tax day, and rightly so. The complex and difficult tax code and the forms put out by the IRS are notorious for being hard to navigate and understand. Each year, millions of Americans find out that deductions they thought they were entitled to are [...]