Taxes Archives

Mark Your Calendar: New Deadlines for IRS Business Taxes

By 1800Accountant | Sep 8, 2015

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…

Preventing Tax Problems When Employees Travel

By TaxConnections | Aug 25, 2015

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…

A Recipe for Tax Savings: Deductions for Caterers

By 1800Accountant | Aug 24, 2015

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…

2015 Midyear Tax Tips: What Tax Moves to Make Now

By 1800Accountant | Jul 27, 2015

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…

What Types of Business Entertainment Events are Deductible?

By 1800Accountant | Jul 2, 2015

The good news is that Uncle Sam and the IRS allow small business owners to deduct 50% of meals and entertainment events in which they partake. But some type of business must be conducted before, during, or after these events in order to qualify for this popular – yet often improperly claimed – tax write-off.

6 Essential Financial Tips for Small Business Owners

By SmallBizClub | Jun 25, 2015

It is universally agreed that doing taxes is everybody’s nightmare, particularly for small business owners. While average people don’t have to worry about them until the next year, small business owners usually have to make tax filing on a quarterly basis.

6 Tips for Taxpayers Starting a New Business

By TaxConnections | Jun 10, 2015

Anyone starting a new business should be aware of his or her federal tax responsibilities. Here are several things you should know if you plan on opening a new business this year.

I’m Crowdfunding: Is It Taxable?

By TaxConnections | Jun 3, 2015

Crowdfunding through Internet sites such as gofundme.com and kickstarter.com have become convenient and often successful vehicles for fundraising.

How Can Your IRS Tax Refund Benefit Your Small Business?

By 1800Accountant | May 5, 2015

If you filed your taxes with the IRS on time this year and were due back money in the form of a tax refund, there’s a good chance you have received that refund check by now—either via direct-deposit or in your mailbox.

Nonprofit is Not the Same as Tax-Exempt

By TaxConnections | May 4, 2015

If an organization receives nonprofit status from the state upon its organization, it must take another step if it wishes to have the ability to accept tax-deductible contributions from potential donors.