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Taxes

January 2008
Do it yourself taxes
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Posted by: SBOCTeam-KhWmv, Jan 30, 2008

For many entrepreneurs, the same go it alone spirit that prompted them to start their own company also informs their attitude toward filing their small business' taxes. Who better than me to do it? If you're one of those types willing to take on 1040s, 1065s or 1120s all by yourself, here's some things to consider to make things go a little bit smoother along the way. Get the timing down First, you're going to want to invest an ample amount of time into researching and planning out your tax...
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Commonly Missed Deductions
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Posted by: SBOCTeam-KhWmv, Jan 30, 2008

Don't Leave Money on the Table! Tax time is here, so make sure your small business is getting every dollar you deserve By Reed Richardson Every year, millions of small businesses give away billions of dollars to the U.S. government by failing to claim everything they should on their tax return. To ensure you don't make the same mistake, here are some of the most commonly overlooked tax deductions and credits. Retirement Plans If your small business has a SEP IRA, SIMPLE IRA, or 401(k)...
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What To Do With Your Refund?
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Posted by: SBOCTeam-KhWmv, Jan 30, 2008

Spend it wisely, and take a closer look at your quarterly payments By Robert Tie, CFP Congratulations - you've just received a sizeable check from the IRS! Sure, you knew it was coming and how much it would be. But still your pulse quickens, and you're mildly euphoric. Somehow this feels almost as good as getting cash from a client. But is a large refund reason to celebrate? "Certainly not," says Eric Rigby, CPA, of RFG, Inc., a New Orleans tax and accounting firm that serves entrepreneurs....
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2007 Small Business Tax Changes
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Posted by: SBOCTeam-KhWmv, Jan 30, 2008

By Chris Freeburn For small business owners, there are few headaches like trying to keep up with the ever changing landscape of tax rules. Last year, Congress and the Internal Revenue Service (IRS) made a variety of changes and adjustments to the tax code that will affect almost all businesses. While most changes are minor adjustments, mostly increases in the maximum amount of income or expenses applicable to taxes or deductions, small business owners should take the time to examine the...
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Freelancer or employee?
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Posted by: SBOCTeam-KhWmv, Jan 9, 2008

Understanding the difference may help your business avoid a costly headache By Chris Freeburn You know who your employees are, right? Of course you do. But are you sure the IRS will agree with you? That, it turns out, might be a problem. Small businesses often give their employees considerable flexibility in terms of hours and working conditions, and many rely on freelancers and independent contractors to perform specific tasks or take on temporary work. Such outside workers aren't...
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