Posts Tagged ‘Taxes’
Cut Your Taxes Using Your Excess Inventory
Excess, nonmoving inventory is a common business problem that, fortunately, also contains its own solution. By donating that new, idle merchandise to charity, your business can earn a federal income tax deduction.
Read More Don’t Count Out the Home Office Deduction
You may not know this, but you could have a home office on your hands and could be missing out on a major tax break if you ignore this deduction. So how do you know if you actually have a home office, and what can you do with it once you’ve established you have one?
Read More The 3 Tax Tips Post Graduates Need to Know
For post grads in the workforce today, there seems to be one underlying factor consistent in everything you do: save money, make money, and be smart with your money.
Read More 2014 Tax Changes Small Business Owners Should Know About
While we can be certain that we’ll face taxes from time to time, that doesn’t mean that the rules will stay the same from year to year.Let’s take a look at a few of the changes that you may see when you do taxes this year.
Read More When is Tax Form 1099-MISC Due to Contractors?
Everyone needs a little help now and then. If these people are not your employees, they are contractors and need to be given a 1099-MISC.
Read More 4 Ways to Separate Your Personal & Business Finances
As the owner of a small business, separating your business life from your personal life is a must. One way that this can be done is to draw a bold line between one’s personal finances and business finances.
Read More 8 Things to Do After You Incorporate a Business
If you’ve created a formal business structure for your business, then you know you’ve taken a big step toward protecting your personal assets and setting the foundation for your business. But you might be wondering what’s next.
Read More Make the Lost Week a Busy Week: Kick-Start Success for 2014
It’s known as the “lost week”—the week in between Christmas and New Years. Unless you’re in retail, chances are your business is almost dead during that week, so it’s tempting to take the week off.
Read More Small Business Payroll: Mistakes and How to Avoid Them
Payroll Compliance is a challenge that many small businesses struggle with. Payroll done by business owners themselves mean that they need to have the know-how to comply with the Internal Revenue Service’s strict rules regarding accurate reporting & deposits.
Read More Is Your Small Business Victim to These Tax Myths?
If you ever aren’t sure on something a friend tells you about your taxes, always make sure to check the IRS site. If you can’t find the answer there, look to someone who is supposed to know tax laws before deducting anything on your taxes.
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