Posts Tagged ‘business tax’
Tax season guide to small business expense deductions
BUSINESSADVERTISER DISCLOSURE From the kind of expenses you can – and can’t – deduct to the right rewards card to use to pay for deductible expenses, here’s everything you should know. by Rebecca Lake March 9, 2020 see original article at Creditcards.com Summary Claiming deductions can save your business money on your tax return, but you…
Read MoreWhat Your Tax Preparer Needs to Calculate Your Business Taxes
If you love to hate taxes, maybe it will help to think about it this way: Taxes impact all of us and fund our community structure. Without taxes, we could not fund our roadways, our government, nor services like firefighters and police. No roads means no product delivery and no customers. No police means security…
Read MoreTax Tip for Gig Businesses
It is a new Gig Economy. More and more, people are free lancing with Lyft, Uber, blogging, IG or TW influencer role, and self employed tech contractors. We know the USA has evolved into a Gig Economy because the IRS, who loves to follow the money, has now launched a new gig economy tax center…
Read MoreBusiness 2019 Tax Tips
Happy holidays and a very merry 2020. Before we end the tax year of 2019, there are some tips for Small business owners that could help save on your tax liability for 2019 or in the future. We are in the second year of the Tax Cuts & Jobs Act and the IRS is still…
Read MoreProtect Yourself and Your Business from Identity Theft
Best Defense against IRS taxpayer Identity theft is a strong password. Just before the season on electronic filing and returns, the IRS reminds you to protect yourself. Taxpayer identity theft has grown exponentially in the last few years, but with Stronger passwords, you can guard identity for yourself and your business. Use word phrases that…
Read MoreTax Tip for a Happier New Year in 2020
For a Happier New Year, Gather and Organize your business tax documents now. Waiting until taxes are due will only create added stress and delays. The IRS in a series of reminders wants small business owners to gather their business tax documents early and organize them now. Need help? come see us at BusinessTaxPrep.org for…
Read MoreE-file Oct 31 Payroll Tax Forms
The payroll tax return due date of October 31 is almost here. But you don’t have to scramble to mail these returns. The IRS is encouraging you to e-file forms 940,941,943,944 or 945. The IRS in a new release stated e-filing payroll returns are more accurate, due to instant alerts on missing information. Processing time…
Read MoreEnd of Assignment Evaluations For Effective Management
In our experience based market, are you asking your business customers for immediate feedback? Are you giving your vendors feed back too? Just as importantly, are you giving your employees evaluations of their participation in group and individual assignments as soon as the assignments are completed? Annual evaluations occur long after the undesirable behavior has…
Read MoreTuesday 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…
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