‘Taxes’ Archives
Six Year-End Tax-Saving Tips
By Mark J. Kohler, Entrepreneur.com The last days of 2011 are ticking away, and that means there are plenty of year-end tax strategy articles out there. I say, “Give me a break!” Most of the advice involves investing in your Individual Retirement Account or harvesting [Read More]
Save money on your taxes
With recent changes to Section 179 of the U.S. Internal Revenue Code, companies that purchase less than $2 million in software and equipment in 2011 qualify to receive a tax deduction. This year, businesses can: Write off the full purchase price of software and equipment [Read More]
Assess equipment needs for your business
For business owners, this year offers what may be a last-chance opportunity for an enhanced deduction: 100% bonus depreciation is scheduled to expire December 31. The increased Section 179 expensing of up to $500,000 is also slated to shrink after the end of the year. [Read More]
New Show! Hire Credit and How It Affects You
Join Mary Joan and her guest Richard Allen as they talk about the Hire Credit and what it means to business owners. Richard is a past president of the Independent Accountants Association of Illinois — IAAI. He is a member of the National Society of Public Accountants [Read More]
Senate sends repeal of hated tax provision to Obama
The Senate voted Tuesday to repeal a part of the health care reform law that would require businesses to file a 1099 tax form with the government for every purchase they make over $600. The requirement was designed to fight tax fraud and raise money for the health care [Read More]
Small Business Strategies: It’s time to tax Web sales
There's a big fight brewing nationwide. It's happening in Illinois, Texas, Tennessee, California, New York, and the battle is spreading. It's a battle over whether purchases on the Internet should be subject to state and local sales taxes. It's a fight that affects small [Read More]
10 essential online tax resources for small businesses
With record-keeping and quarterly payments, tax planning is a year-round event for the small business owner. [Read More]
5 Tax Tips that Will Save You Big Money
Are you worried about tax season? Fear not. There are tons of ways for small business owners to ease the pain -- ranging from new credits to oldie-but-goodie deductions. Here are five tips for saving money (and lots of it) come April 15: [Read More]
Own a business? 6 new tax breaks
Doing your taxes stinks, right? No fun at all. But take note as you brace for your 2010 return: A handful of changes in the tax code could translate into a fatter refund check. The Small Business Jobs Act, passed last September, and the historic health care reform law, [Read More]
Obama signs $30B small business lending bill
By Darlene Superville, Associated Press WASHINGTON — Scoring a prized political victory five weeks before the Nov. 2 elections, President Barack Obama on Monday signed a bill to help small businesses expand and hire by cutting their taxes and creating a $30 billion loan [Read More]
