Posts Tagged ‘Taxes’
Tax Rules for Turtle Businesses
No, this term doesn’t refer to pet stores or turtle farmers. It refers to small business owners who carry their businesses on their backs. They work from Starbucks or mobile homes. I couldn’t find any statistics on turtle businesses, but I know a number of them. From a tax perspective, what does this mean? Mobile…
Read MoreSpecial Tax Concerns for Cash Businesses
Many small businesses do some or all of their transactions in cash. This raises some special issues and concerns. Technically, being paid in cash doesn’t make a difference in terms of income taxes; cash transactions are reported as any transactions by check, credit card, or electronic transfer. However, there are some unique issues that those…
Read More4 Great Tips to Anxiety-Free Taxes for Small Business Owners
For most people, tax time only comes once a year, but for small business owners and the self-employed, it rears its ugly head in the form of quarterly tax payments four times a year. And because small business owners have so many worries on their plate, thinking about and planning for taxes can be an…
Read MoreMark Your Calendar: New Deadlines for IRS Business Taxes
We all know April 15 has been the traditional American Tax Day for generations. Some business taxes have also commonly been due by this day. However, Congress recently announced that the IRS will change several key tax deadlines for small business owners who’ve been used to using the same tax calendars each year. These tax…
Read MorePreventing Tax Problems When Employees Travel
Sending employees on business trips is essential for countless companies and can result in tax headaches for both the employer and the employee if the tax regulations are not adhered to. If the rules are followed, the cost of the employee’s travel will be fully deductible to the employer, with the exception of meals, which…
Read MoreA Recipe for Tax Savings: Deductions for Caterers
Do you make amazing lasagna? Can you craft a tasty chicken pot pie? Whatever you specialize in when it comes to culinary creations, there’s a good chance you are spending plenty of money on your ingredients and cooking supplies when preparing meals for others. The good news is that the IRS allows caterers to save…
Read More2015 Midyear Tax Tips: What Tax Moves to Make Now
While it may seem like New Year’s Day was just the other day with the giant ball falling in Times Square, we’re already halfway through 2015. Whether you’re an individual with a W-2 job or a self-employed small business owner who earns 1099 income, now is a good time to review your current tax and…
Read MoreWhat Types of Business Entertainment Events are Deductible?
6 Essential Financial Tips for Small Business Owners
6 Tips for Taxpayers Starting a New Business
