Tax Preparation Guide for Small Business OwnersTax season is upon us, and it can be a tricky time for small business owners and people who are self-employed. With income from multiple sources, plus expenses, deductions, and investments, navigating your taxes can take precious time you likely just don’t have. Here’s a guide to make preparing your taxes just a little bit easier—think of it as an entrepreneur’s roadmap on the journey to stress-free taxes. Published on February 27, 2018 |
New Tax LawQuestion:
So...Exactly WHAT am I supposed to be doing with regard to the new tax law?
Answer:
First of all Happy New Year and welcome to 2018. It is gonna be a good year!!! Regardless of all other factors from this point forward, we will indeed have a new tax code for 2018. I am totally sure you have heard more than you would normally choose to hear about taxes and will undoubtedly continue to hear more. Just in case, here is a summary of the biggest changes… Published on January 30, 2018 |
New Law Increases Paperwork for Self-Employed Over A Thousand PercentAccording to a new law set to go into effect in 2012, business owners will be required to submit a Form 1099 for every payment made via check or credit card to vendors for services, inventory or property over $600 annually. Published on May 26, 2010 |
IRS Recommends New Requirements For Tax Return PreparersIn June 2009, IRS Commissioner Doug Shulman called for a comprehensive review of the paid tax return preparer industry, drawing on all relevant data and input from interested parties.
Based on this review, the IRS has announced a number of steps that it plans to implement for future filing seasons. These steps will not be in effect for the current 2010 filing season. Published on January 08, 2010 |