Small Business Taxes to Tweet About

I enjoy using Twitter and find it useful in promoting helpful information. This week I'm providing small business tax information in the form of "tweets" and hoping you'll share them with your followers.

Here's a list of tax tips that I thought would be especially beneficial to small business owners (hashtags included!).

  1. #Taxes are part of doing #business. No fun. Avoid problems w/ #IRS
  2. Find info thru #IRS #smallbiz/self-employed portal http://1.usa.gov/PcUXWi
  3. Even better, #self-employed individuals have their own landing page for info from IRS http://1.usa.gov/QPxr1O
  4. #IRS videos at http://1.usa.gov/gNVpDZ provide #smallbiz help on biz income/expenses, disasters, audits, retirement plans, etc.
  5. Follow #IRS news on Twitter @IRSnews; no comments from public can be made here
  6. Doing well in '13? You may owe new additional Medicare #tax on your earnings this year http://1.usa.gov/R7HGxn
  7. 0.9% additional Medicare tax is only on the employee or self-employed person; no employer matching http://1.usa.gov/R7HGxn
  8. Estimated #taxes for self-employed in 2013 cover income tax, self-employment tax, and additional 0.9% Medicare tax (if applicable to you)
  9. Is your #business exempt from shared responsibility for health care in 2014? Determine this now http://1.usa.gov/VdgrEM
  10. 50 or more full time/full time equivalent (FTE) employees trigger employer mandate
  11. Enough part-timers can put you over 50-employee limit; ck for FTEs http://1.usa.gov/VdgrEM
  12. Expect IRS scrutiny on #worker classification to increase because of 50-employee limit
  13. #Small employer health care credit continues for 2013; changes in credit for 2014 http://1.usa.gov/RB702M
  14. Simplified #home office deduction available for 2013 (not on 2012 returns) http://1.usa.gov/QQbtPj
  15. Using simplified method avoids #depreciation recapture on #home sale

Watch for new tweets for #smallbiz @BarbaraWeltman

Happy Tweeting!

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