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NOLs: Waive the Carryback?
Follow @BarbaraWeltman If your business sustains losses, you may be eligible for a net operating loss (NOL). In most cases, the NOL is carried back ... -
Smartphones and Your Employees
Follow @BarbaraWeltman Most of us are now joined at the wrist to our iPhones and Androids, which is quite a phenomenon considering that the iPhone ... -
Get Ready for Changes in Filing Deadlines and Extensions
Follow @BarbaraWeltman As a business owner, you face various tax filing requirements. Different dates apply for different tax forms. While the dates you’ve grown used ... -
Professional Employer Organizations: New IRS Certification Program
Follow @BarbaraWeltman So we all know that being an employer entails many tax and legal obligations. These include figuring and paying employment taxes, complying with ... -
Tax Deduction with No Cash Outlay?
Follow @BarbaraWeltman That’s right! Usually you get a tax deduction only if you spend money on something for your business. But under a special rule ... -
Time Cards for Owners?
Follow @BarbaraWeltman The time clock, which enables employers to verify the time employees start and leave the job, was invented in 1888 by Willard Bundy, ... -
Any Chance of Regulatory Relief?
Follow @BarbaraWeltman We all know the burden that government-mandated paperwork and red tape puts on small businesses. (If you don’t, just check out the 10,000 ... -
Writing Off Certain Costs the Easy Way
Follow @BarbaraWeltman Business owners know that just about every expense translates into a tax write-off. But the when and how for a particular expense can ... -
Higher Penalties for IRS Information Return Failures
Follow @BarbaraWeltman “We can lick gravity, but sometimes the paperwork is overwhelming,” said Wernher von Braun (father of the U.S. space program). That’s how small ... -
After the Supreme Court Decision on Obamacare
Follow @BarbaraWeltman On June 25, 2015, the U.S. Supreme Court upheld the Administration’s view about the Affordable Care Act (“Obamacare”) that subsidies (federal tax credits) ... -
Smart Ideas for Old Smart Phones
Follow @BarbaraWeltman Upgrading to newer smart phones periodically can help boost productivity for you and your staff. The majority of Americans do so every one ... -
News from the Supreme Court
Follow @BarbaraWeltman Each year the Supreme Court weighs in on only a limited number of cases. Two cases this year are of interest to small ... -
How Many Employees Do You Have?
Follow @BarbaraWeltman Under the Affordable Care Act, you can’t rely on a head count. You need to determine an average each month throughout the year ... -
Number One Problem Facing Small Businesses: Big Government
Follow @BarbaraWeltman That’s what the 1,500 small business owners said in response to a survey reported in the NFIB. More specifically, 22% ranked taxes and ... -
What NOT to Do When It Comes to Taxes
Follow @BarbaraWeltman A recent Tax Court decision highlighted all of the things that business owners shouldn’t do if they want to stay out of trouble ... -
What IRS Statistics Say about Business Income
Follow @BarbaraWeltman The IRS's Statistics of Income Bulletin, Spring 2015 reports tax information for 2013. Overall it shows that the economy improved between 2012 and 2013; ... -
Charitable Giving that Gives Back
As a small business owner with limited time and resources you can still find ways to support your favorite causes and reap personal, tax, and ... -
Gimme More Regulations!
Follow @BarbaraWeltman I can’t believe I’m saying this, especially since the federal government is issuing regulations at the rate of about 10 each day (somewhere ...