Business
Tuesday Tax Tip
Remember: as you faithfully label and save every business entertainment receipt: Business Entertainment is reduced or eliminated from current business taxes. The TCJA allows meal expenses incurred in connection with business entertainment (meals at games) and meal expenses to wine and dine prospects and customers are still 50 percent deductible, but many entertainment expenses acceptable…
Read MoreIRS Using Private Debt Collection for Overdue Taxes
Four collection firms have been contracted by the IRS’ new private collection program of overdue federal tax debts. The groups are CBE Group of Cedar Falls, IA, Conserve of Fairport, NY, Performant of Livermore CA, and Pioneer of Horseheads, NY. Each taxpayer or business tax account which owes these certain types of overdue federal tax…
Read MoreNew Tax Estimator Tool for Freelancers
Today, with so many millennials freelancing on the side while working a salaried job, the IRS wanted to reduce the risk of sticker shock when taxes are due on the W-2 income as well as the additional self-employment income. To solve this challenge, the Internal Revenue Service issued the new Tax Withholding Estimator tool. To…
Read MoreTarget is Partnering With Disney?
Target is Partnering with Disney? Yes. And it’s brilliant. Doug Chapek, Disney parks chairman said “theres about a 90 percent overlap between the two company’s customers.” Target CEO Brian Cornell referred to Disney as “among our largest and most admired [brand] relationships.” When Disney opened its stand alone stores back in 1997, the declining economy…
Read More5 Ways to Tell if Merchant Cash Advance is for You
Merchant Cash Advance is emerging as financing too for many businesses. Obtaining a Merchant Cash Advance (MCA) is fast and fairly easy, even for business entrepreneurs with credit dings. Delivery of cash when it is really needed makes MCA’s incredibly attractive to small business owners. The timeliness keeps the cash relevant to the need. …
Read MoreMCA to the Rescue: a Case Study
When you consider IRS penalties, fines and interest due, an MCA (Merchant Cash Advance) can pay corporate taxes today at a lower cost than when you can afford to pay the taxes. Jackie Fields (actual MCA Case, but name has been changed to protect privacy) needed additional working capital fast. Due to shortages of certain…
Read MoreU.S. Economy Stress Cracks Widening?
Everything is not like a Hollywood movie in America. The economy of the United States is beginning to show stress from the enormous debt carried by the average citizen. That pressure was seen this week as the American stock markets experienced huge losses which drove investors values down around 3% in a single day. Warning…
Read MoreBorrowing Money for Your Business can be Shrewd
4 reasons borrowing business money can be an astute financial choice
Read More7 BasicTax Tips
7 Simple business steps can save untold hours of labor, confusion and misery when you prepare for tax season.
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