Although it seems that tax season just ended, it is important to prepare for the future. Tax preparation is something every business owner should constantly keep in mind, and the 2014 tax season will approach quickly.
Businesses Should Prepare for Internet Tax Law
The U.S. Senate has passed the Marketplace Fairness Act of 2013, and it is currently under consideration in the House of Representatives. Most analysts feel confident that some version of the law will pass although it isn’t yet clear what changes might be made.
5 Tax Issues That Cause IRS Trouble for 1099 Workers
Are you a freelancer or independent contractor who receives a Form 1099 instead of a W-2 form at the end of the year? If so, then you should be aware of the five tax issues that are the most likely to cause IRS trouble for anyone subject to 1099 reporting of wages or income.
Accounting Tips for Seasonal Small Businesses
Do you run a seasonal small business—one where the bulk of your revenue comes in a few months or even weeks? If you do, chances are you are all too aware of the intense nature of the season—a time when you can’t possibly keep up with the workload. One of the first things that slides during a crush of activity for many small seasonal businesses is accounting.
