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…

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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…

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Apparently, the IRS is seeing a problem with small business owner form filing.  It has issued a reminder that we are passing along today.  A small business files either Form 944, annual tax return OR Form 941, quarterly tax return but NOT both.    Want more information?  Visit www.businesstaxprep.org to be connected to a tax professional…

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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…

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The IRS just released guidance on the new business travel per diems that went into effect in October.  The guidance is issued to help clarify the definition of incidental expenses as: fees and tips given to porters, baggage carriers, hotel staff and staff on ships.  NOT included are Transportation between places of lodging, business and…

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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…

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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…

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