Posts Tagged ‘Taxes’
Get Your Business Legal Ready for 2014
We’ve entered the home stretch of 2013 and the holidays are in full swing. The next few weeks will be hectic for everyone, but particularly for small business owners as it is easy to get overwhelmed this time of year. It’s time to take a moment to stop and make sure your business is “legally fit” for 2014.
Read More 10 Tips for Making Payroll Simple and Stress Free
Payroll can be one of the most cumbersome areas for business owners to tackle. Number-crunching, creating reports, and keeping track of all kinds of data is enough to make many individuals want to hide under their desks.
Read More How to Keep Thorough and Accurate Books
There are a lot of factors that go into running a successful small business, and one of the most important is one that many small business owners (especially those who are just starting out) overlook: bookkeeping.
Read More Small Business Tax Deadlines and Tips: November and December
As October comes to a close this week, it’s time to take a look ahead at the tax deadlines for the remainder of 2013.
Read More Business vs. Hobby
Many taxpayers engage in activities they enjoy and do it for a business purpose. Whether the IRS considers it as a business or hobby has important income tax implications.
Read More Tax Tips If You Are Starting a Business
If you plan to start a new business, or you’ve just opened your doors, it is important for you to know your federal tax responsibilities. Here are five basic tips the IRS provides that can help you get started.
Read More Maximize Tax Deductions Now to Save on 2013 Taxes
Tax deductions can be quite valuable, because they reduce taxable income for the year. For example, a self-employed individual or independent contractor in the 25% tax bracket can save $25 in income tax for every $100 in deductions, while also saving as much as $15 in self-employment taxes for every $100 deduction from taxable income.
Read More Independent Contractor Versus Employee?
Is it better to be an independent contractor or an employee? For a small business owner (SBO), the question mostly is how to determine what business relationship exists between the person providing the services & the SBO, and if that relationship is that of an independent contractor or an employee.
Read More 5 Things to Know About Payroll Taxes
“Making payroll”—that is, managing a small business so that paychecks are delivered on time even when the unexpected occurs—can be one of the hardest parts of a small business owner’s job. One thing certain to make that job even harder is a payroll tax mistake that can lead to IRS problems.
Read More Home Office Deduction Changes for 2013
If you use your home for business, there are expenses you can deduct on your tax return. The home office deduction is available to both home owners & renters alike. The home must be used by a self-employed individual or an employee who works from home for his employer’s convenience.
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