The vast majority of small business owners—most of whom report their share of business income on their personal returns—use paid preparers to complete … Read more about 5 Last Minute Tax Tips for Your Taxes
Tax Safe Harbors for Small Businesses
There are a number of so-called safe harbors that businesses can use to simplify their tax lives. Unfortunately, understanding these safe harbors can … Read more about Tax Safe Harbors for Small Businesses
10 New Year’s Resolutions for this Tax Season
While the filing deadline for your 2016 federal income tax return isn’t until April 18, 2017, it’s not too early to take measures that will make this … Read more about 10 New Year’s Resolutions for this Tax Season
What are the Tax Consequences of Your Crowdfunding Efforts?
When you raise money for your business through crowdfunding your goal is to have the funds needed for a specific purpose. The last thing you probably … Read more about What are the Tax Consequences of Your Crowdfunding Efforts?
On-Demand Economy and Taxes
The U.S. Census Bureau reported several years ago that self-employed and microbusinesses (no more than 9 employees) made up over 78% of small … Read more about On-Demand Economy and Taxes
New Tax Rules for Business — Part 1 (Equipment Purchases and Leasehold Improvements)
The Protecting Americans from Tax Hikes (PATH) Act of 2015, which was signed into law on December 18, 2015, extends permanently or temporarily many … Read more about New Tax Rules for Business — Part 1 (Equipment Purchases and Leasehold Improvements)
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
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?
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?
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 … Read more about What NOT to Do When It Comes to Taxes
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 … Read more about Gimme More Regulations!
Why You Need to Stay in Your State’s Good Graces
Follow @BarbaraWeltman Corporations and limited liability companies (LLCs) are creatures of state law. While entity choices may have federal tax … Read more about Why You Need to Stay in Your State’s Good Graces
Pet Peeves about Online Postings
Follow @BarbaraWeltman If you’re reading this, you know that I write a lot of online content on tax, financial, and legal matters. My posts can be … Read more about Pet Peeves about Online Postings
How to Figure Your Estimated Taxes
Follow @BarbaraWeltman If you’re self-employed, there’s no tax withholding from your business earnings you can use to meet your tax obligation. … Read more about How to Figure Your Estimated Taxes
Partnerships and LLCs: A Tax Perspective
Follow @BarbaraWeltman As in the case of sole proprietorships, the tax statistics on partnerships (including limited liability companies that file … Read more about Partnerships and LLCs: A Tax Perspective
