Business Taxes
Business taxation resources for C-corporations, S-corporations, partnerships, limited liability companies, trusts, estates, and sole proprietors.
Credit Card Payments to be Reported to the IRS Beginning 2011
Income received through credit and debit card transactions will be reported to the Internal Revenue Service starting in the year 2011. Part of the Housing Assistance Tax Act of 2008.
Income received through credit and debit card transactions will be reported to the Internal Revenue Service starting in the year 2011. Part of the Housing Assistance Tax Act of 2008.
Microsoft Office Accounting
Microsoft Office Accounting Professional 2008 is a decent accounting software program for small businesses. Featuring tight integration with other Microsoft Office applications, Office Accounting is a good choice for small and home-based businesses needing double-entry bookkeeping software.
Microsoft Office Accounting Professional 2008 is a decent accounting software program for small businesses. Featuring tight integration with other Microsoft Office applications, Office Accounting is a good choice for small and home-based businesses needing double-entry bookkeeping software.
Peachtree Accounting
Peachtree Accounting 2008 is a powerful accounting software program for small- and medium-sized businesses. The 2008 edition of Peachtree Accounting features the ability to add attachments of scanned receipts and other documents to accounting records.
Peachtree Accounting 2008 is a powerful accounting software program for small- and medium-sized businesses. The 2008 edition of Peachtree Accounting features the ability to add attachments of scanned receipts and other documents to accounting records.
Anti-Money Laundering and the Bank Secrecy Act
Eva Rosenberg, the Internet's Tax Mama, hosted an online seminar covering what small businesses need to know about the Bank Secrecy Act. Ulla Scott, an agent assigned to the anti-money-laundering unit of the IRS, presented excellent tips for small business owners. Here's my summary of the presentation, with plenty of links for you to do your own research.
Eva Rosenberg, the Internet's Tax Mama, hosted an online seminar covering what small businesses need to know about the Bank Secrecy Act. Ulla Scott, an agent assigned to the anti-money-laundering unit of the IRS, presented excellent tips for small business owners. Here's my summary of the presentation, with plenty of links for you to do your own research.
Microsoft Small Business Accounting 2006 Software Review
Microsoft Small Business Accounting 2006 is a decent accounting software program for small businesses. But it has a long way to go before becoming a reliable accounting package like Peachtree or Quickbooks.
Microsoft Small Business Accounting 2006 is a decent accounting software program for small businesses. But it has a long way to go before becoming a reliable accounting package like Peachtree or Quickbooks.
Peachtree Accounting 2006 Software Review
Peachtree Accounting 2006 is a powerful accounting software program for small- and medium-sized businesses. Peachtree will work best if you have some accounting knowledge.
Peachtree Accounting 2006 is a powerful accounting software program for small- and medium-sized businesses. Peachtree will work best if you have some accounting knowledge.
Proposed Regulations for Section 199 Deduction
The US Treasury Department has released proposed regulations interpreting Internal Revenue Code Section 199.
The US Treasury Department has released proposed regulations interpreting Internal Revenue Code Section 199.
Incorporating: Choosing a Form of Business Organization
Protect your business profits from excessive taxation by choosing the best form of business organization for your needs. Incorporating versus independent contractor. Compare partnership, limited liability companies, S-corporations, C-corporations, and sole proprietor.
Protect your business profits from excessive taxation by choosing the best form of business organization for your needs. Incorporating versus independent contractor. Compare partnership, limited liability companies, S-corporations, C-corporations, and sole proprietor.
Protect Business Losses When Incorporating
New businesses often have several years of losses before becoming profitable. The IRS may disallow your losses if you are filing on a Schedule C. You can protect your losses from an IRS audit by incorporating your business.
New businesses often have several years of losses before becoming profitable. The IRS may disallow your losses if you are filing on a Schedule C. You can protect your losses from an IRS audit by incorporating your business.
Tax Tips for Freelancers
Tax tips and strategies for freelance professionals and self-employed people. There are special circumstances that apply to freelance writers and other creative professions, so I will highlight what you need to know to prepare your taxes and to avoid IRS investigations.
Tax tips and strategies for freelance professionals and self-employed people. There are special circumstances that apply to freelance writers and other creative professions, so I will highlight what you need to know to prepare your taxes and to avoid IRS investigations.
Business Tax Products and Kits: Pre-Draft Forms, Kits, Templates, and Guides
Find business tax kits and downloadable templates to help manage your business taxes more effectively. Find checklists, agreements, and advice for choosing the right form of business to incorporate, properly hiring employees and independent contractors, sending out invoices, and keeping a thorough account of your expenses and income.
Find business tax kits and downloadable templates to help manage your business taxes more effectively. Find checklists, agreements, and advice for choosing the right form of business to incorporate, properly hiring employees and independent contractors, sending out invoices, and keeping a thorough account of your expenses and income.
Converting Property to an S-Corporation - Questions from Readers
Dear Tax Guide, I recently started my own S-Corporation. Can my business depreciate the cost of property I donated to the business? How I can figure out how much to depreciate?
Dear Tax Guide, I recently started my own S-Corporation. Can my business depreciate the cost of property I donated to the business? How I can figure out how much to depreciate?
US Withholding on Canadian Business Income? - Questions from Readers
Canadian citizens who have business income from US sources should fill out Form W-8BEN to claim a reduce amount of income tax withholding. Find out how to qualify for benefits under the US-Canada Tax Treaty and how to fill out Form W-8BEN.
Canadian citizens who have business income from US sources should fill out Form W-8BEN to claim a reduce amount of income tax withholding. Find out how to qualify for benefits under the US-Canada Tax Treaty and how to fill out Form W-8BEN.
Estimated Taxes: How to Pay Your Estimated Taxes Quarterly
Learn how to calculate your estimated tax payments. Estimated payments are due at least every quarter. Tips for calculating the right amount of tax, plus ideas on budgeting for your tax payments.
Learn how to calculate your estimated tax payments. Estimated payments are due at least every quarter. Tips for calculating the right amount of tax, plus ideas on budgeting for your tax payments.
Your First Business Tax Return
Preparing your company's first business tax return can be stressful, but CPA Joseph Rosenberg provides plenty of tips for making your tax preparation thorough and accurate.
Preparing your company's first business tax return can be stressful, but CPA Joseph Rosenberg provides plenty of tips for making your tax preparation thorough and accurate.
Adjusted Basis Definition
Definition of "Adjusted Basis": the net cost of an asset after adjusting for various tax-related items.
Definition of "Adjusted Basis": the net cost of an asset after adjusting for various tax-related items.
Cost Basis Definition
Definition of "Cost Basis": the original price of an asset, such as stocks, bonds, mutual funds, property, or equipment. Cost basis includes the purchase price and any associated purchase costs.
Definition of "Cost Basis": the original price of an asset, such as stocks, bonds, mutual funds, property, or equipment. Cost basis includes the purchase price and any associated purchase costs.
Depreciation Definition
"Depreciation": an income tax deduction that allows a taxpayer to recover the cost of property or assets placed in service.
"Depreciation": an income tax deduction that allows a taxpayer to recover the cost of property or assets placed in service.
Small Business Taxes Made Easy (Book Review)
Review of the book "Small Business Taxes Made Easy," by Eva Rosenberg.
Review of the book "Small Business Taxes Made Easy," by Eva Rosenberg.