RSSCategory: Taxes

Is Your State Tax System Friendly to Businesses?

December 30, 2016 | By | Reply More
Is Your State Tax System Friendly to Businesses?

Have you ever wondered if your state’s tax system is business friendly? Check out the top 10 states with the best state business tax climate and the top 10 worst states in terms of tax friendliness to businesses.

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Should You Hire a Tax Professional Full Time?

February 21, 2011 | By | Reply More
Should You Hire a Tax Professional Full Time?

Tax preparation season is just around the corner, which means it’s time to get out the books and go over your small business operations as you prepare all those required tax forms. Learn the advantages and disadvantages of hiring a tax professional full time.

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3 Ways New Business Owners Can Prep For Tax Season

January 31, 2011 | By | 6 Replies More
3 Ways New Business Owners Can Prep For Tax Season

Getting ready to file your first tax return for your new business? Regardless of what type of business you started last year, there are some important things that you should be doing to get ready to file your first return.

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How the Estate Tax Will Affect Your Small Business

May 6, 2010 | By | 2 Replies More
How the Estate Tax Will Affect Your Small Business

The estate tax, also called inheritance tax or death tax, is a costly burden for small family-owned businesses. It is a tax that will not only affect children of the moneyed elite, but those who run successful businesses. Learn how estate taxes can potentially affect you.

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Benefits of Hiring Family Members for Your Business

April 8, 2010 | By | 2 Replies More
Benefits of Hiring Family Members for Your Business

What are the benefits of hiring family members, especially your kids, for your business? Learn the advantages of working with family members, especially your kids, in your small business.

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Tax Tips for Home Business Entrepreneurs

January 3, 2009 | By | 2 Replies More
Tax Tips for Home Business Entrepreneurs

It’s start of the year, and it’s time to prepare your taxes for the past year. Bernard B. Kamoroff, C.P.A., author of the book “422 Tax Deductions for Businesses and Self Employed Individuals” (8th edition) offers a number of tips to help you save on your taxes: Tax Tip 1. Your business expenses are deductible […]

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Ebay Sellers: IRS Wants You to Declare Your Income

November 16, 2008 | By | 2 Replies More
Ebay Sellers: IRS Wants You to Declare Your Income

In an effort to narrow the tax gap, IRS has been going after eBay and other auction sites for years. The IRS estimates that unpaid taxes from individuals, as opposed to big corporations, account for more than 70% of the tax gap. And within that group, the self-employed are considered the biggest offenders comprising roughly […]

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Deferring Income for Small Business Owners – Keogh and Alternatives

February 16, 2005 | By | Reply More
Deferring Income for Small Business Owners – Keogh and Alternatives

While the powers that be in Washington debate how the country should deal with the Social Security system and private accounts, small business owners have to make their own decisions about funding retirement. From a tax viewpoint, this is all about deferring tax from the present to the future, and meanwhile compounding your earnings pre-tax. […]

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