If there is a fear business owners have over most others, it is an audit from Uncle Sam. Small businesses are highly susceptible to an IRS audit because of the extensive itemization of the returns they typically file. To avoid
Customer loyalty programs have been around for several decades, and today, airlines, hotels, car rental agencies, and most retailers have one. Many business owners wonder just how valuable a rewards program is. Consider these findings from The Center for Retail
The plan that many aspiring entrepreneurs have may be a flawed one. They have an idea or product that they are positive will work, even if the rest of the world is blatantly skeptical. They will do anything to prove
According to the Washington Post, the payroll tax hike that took effect on January 1 likely just wiped out any improvement you made in your income over the past year. If you’re a median-wage single person, you’re likely to bring
The Alternative Minimum Tax (AMT) was introduced back in 1969 and acts as a method for the government to tax wealthy people who would normally have ways of lowering their tax burden through special channels. People who end up paying
In order to avoid paying capital gains taxes, it is helpful to know and take advantage of the so-called ‘loopholes’ in the tax code. One of the most useful is called the 1031 Exchange or alternately the Starker Trust Exchange.
The American Taxpayer Relief Act (ATRA) extended a number of business tax credits through 2013 and changed more than 30 credits and deductions that range from the Expense Mine Safety Equipment Credit to the American Samoa Economic Development Credit. Some
Everyone by now has probably noticed that their paychecks are a little slimmer than they were at the beginning of last year; 2% lower, to be precise, due to Congress not extending the temporary reduction of the Social Security payroll
Businesses are overwhelmed with paperwork these days. Employee payroll, insurance, retirement plans, the list goes on and on. And with laws and regulations changing constantly, keeping up with all that paperwork AND staying in compliance with the government can be
It’s almost March, have you started working on preparing your taxes yet? While you still have time, there are lots of good reasons to file well in advance of April 14th. Here are 5 of them: 1. You Have Time
