BusinessTaxServices Archives - ResourceShark Blog

We Should Have a Conversation

Americore: We should have a conversation.

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…

What 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…

Business Tax Tip Tuesday

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…

Business 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…

Protect 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…

IRS Travel Guidance

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…

Tax 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…

E-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…