Many small businesses do some or all of their transactions in cash. This raises some special issues and concerns. Technically, being paid in cash … Read more about Special Tax Concerns for Cash Businesses
J.K. Lasser’s Small Business Taxes 2016
This is my perennial tax book. I know it’s not a page turner like The Survivor (currently #1 on the New York Times best seller list) or Life and Other … Read more about J.K. Lasser’s Small Business Taxes 2016
Accounting for T&E Expenses
Most small businesses incur travel and entertainment costs. They travel to see vendors, attend trade shows, and meet with customers and clients. If … Read more about Accounting for T&E Expenses
Telehealth and Your Business
It’s no news to you that your company’s health care costs are rising. Premiums for 2016 are expected to rise by 5% to 8%, with some plans increasing … Read more about Telehealth and Your Business
Fixing Compensation Packages in Light of Audit Technique Guides
Follow @BarbaraWeltman Compensation today is more complicated than in the past. It’s no longer confined to a paycheck and a fringe benefit or … Read more about Fixing Compensation Packages in Light of Audit Technique Guides
Do We Need a National Disaster Tax Relief Act?
Follow @BarbaraWeltman Looking at pictures of the floods in Charleston, SC, and elsewhere earlier this month made me think about my horrendous … Read more about Do We Need a National Disaster Tax Relief Act?
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 … Read more about NOLs: Waive the Carryback?
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 … Read more about Smartphones and Your Employees
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 … Read more about Get Ready for Changes in Filing Deadlines and Extensions
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 … Read more about Professional Employer Organizations: New IRS Certification Program
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 … Read more about Tax Deduction with No Cash Outlay?
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 … Read more about Time Cards for Owners?
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 … Read more about Any Chance of Regulatory Relief?
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 … Read more about Writing Off Certain Costs the Easy Way
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 … Read more about Higher Penalties for IRS Information Return Failures
