Posts Tagged ‘Taxes’
Facebook’s Zuckerberg Takes $1 Salary to Reduce IRS Taxes
Can you imagine earning a paycheck of just $1 each year while living a comfortable lifestyle? Facebook CEO Mark Zuckerberg and head honchos at other giant corporations around the world can. And they are taking just a buck per year for good reason—to help their efforts in reducing taxes.
Read More Employers Face Stiff Affordable Health Care Act Excise Taxes
The Affordable Health Care Act (ACA) (“Obama Care”) may lead to stiff excise taxes for larger and midsize employers that misclassify employees as independent contractors.
Read More Who is Self-Employed?
The IRS considers you as a self-employed individual if you operate a business as a sole proprietor or as an independent contractor or if are a member of a partnership.
Read More Supreme Court: Employers Must Pay FICA Tax on Severance Pay
For years, employers and employees alike have been on the hook for FICA taxes on severance payments made to those who have been laid off by a company involuntarily. After some cases in lower courts questioned this requirement, the Supreme Court recently reaffirmed the longstanding IRS tax requirements on severance pay.
Read More What to Do If You Can’t Pay Your Small Business’s Tax Bill
Tax season can be a very frightening time of the year for a small business owner. Technically, anyone who expects to owe more than $1,000 to the IRS in taxes is supposed to send in quarterly estimated tax payments, but for new startups especially it can be difficult to gather up the full amount due to pay.
Read More 10 Tax Tips for Work-at-Homers
When you file taxes as a solo business owner, things are more complicated than those days when you may have a received a W2 from a single employer. However, you’ve also got plenty of opportunities to trim your tax bill.
Read More $1,500 Home Office Deduction Option: IRS Reminder
The IRS reminded people with home-based businesses that this year for the first time they can choose a new simplified option for claiming the deduction for business use of a home.
Read More Business Licensing Tax Implications
Becoming a licensed business is an important step that every startup must take when it comes time to sell a product or service. Here are a few ways that obtaining a license will impact your business.
Read More Are You Ready for the Upcoming IRS Business Tax Deadline?
On March 17, 2014, there is a significant business tax deadline that you can’t afford to miss. The deadline has been bumped up two days this year since the traditionally scheduled date falls on a Saturday.
Read More Developing with Tax Incentives
There are numerous incentives and credits available, and taking time to learn more about these opportunities may be financially beneficial to you.
Read More