Posts Tagged ‘Taxes’
Why Tax Breaks Could Be the Key to Startup Success
Caps often limit how much entrepreneurs can deduct in a year, and every dollar counts in the startup space. If the following tax-break options were available, many more startups could survive the competitive entrepreneurial landscape.
Read More 5 Basic Tax Tips for New Businesses
If you start a business, one key to success is to know about your federal tax obligations. You may need to know not only about income taxes but also about payroll taxes. Here are five basic tax tips that can help get your business off to a good start.
Read More Considering a Franchise? Consider Sales Tax!
One of the advantages some franchise business opportunities tout is “No sales tax!” This typically shows up right along with home-based, no or few employees, no inventory, and low overhead as an advantage for service-oriented businesses like gyms, salons, and business-to-business professional services.
Read More States Turn to Technology to Narrow the Tax Gap
Each year, the IRS and states alike, estimate the difference between taxes owed and taxes collected. This difference, known as the “tax gap,” has been steadily growing at both the federal and state level over the past several years.
Read More R&D Tax Credit Can Now Be Claimed on Amended Returns
With so many rules and regulations in the small business landscape, entrepreneurs across the nation are rejoicing over some much welcome news from the IRS and the U.S. Treasury Department that could help save them a ton of money.
Read More Do You Owe the IRS Estimated Taxes Next Week?
Even though summer is here, that doesn’t mean you can take a vacation from handling your IRS tax obligations. There is an important tax deadline coming up next week for small business owners and self-employed professionals. Are you ready for it?
Read More S Corporation: What Are the Benefits?
An S Corporation or S Corp is an eligible domestic corporation that has elected to be treated as an S Corporation for tax purposes. S Corporations avoid double taxation on corporate income.
Read More Attacks on Small Businesses That Receive Too Much in Credit Cards
The IRS has been pushing for many years to capture cash income of small businesses and force him to pay taxes. That is one of the reasons that the IRS is requiring credit card merchant service companies to report a 1099-K for businesses to the IRS.
Read More 4 Tips on Building an Ideal Family Business
Familial familiarity is a huge part of why lots of family businesses enjoy success. If you want to get in on this action, check out the following tips on building an ideal family-owned small business.
Read More Online Sales and Physical Presence Nexus
All of the energy and focus on the Marketplace Fairness Act (MFA) has lulled many online sellers into a false belief that they do not need to collect retail sales tax on their online sales until Congress takes action on the MFA. What many online sellers forget is that states can still require online sellers to collect retail sales tax if the online sellers have physical presence nexus in a state.
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