Employer Responsibility for Reporting Tip Income
Employers who own businesses where employees receive tips have multiple obligations with regard to the employee tip income including recordkeeping... Continue reading →
Make Quarterly Tax Payments a Priority
It’s April 15th. Your tax return is due. Your small business did well last year so along with the return,... Continue reading →
It’s 1099 Time
Businesses of all sizes will be sending and receiving a flurry of 1099 forms in the next week. If you... Continue reading →
The Home Office Deduction: Don’t Overlook This Valuable Tax Benefit
The IRS home office deduction has been around for some time. But in the past, many small business owners were... Continue reading →
Tax Reporting of Cost of Goods Sold
I’ve had a number of small business owners ask me how to calculate cost of goods sold on their tax... Continue reading →
Tax Time Is Coming!: Five Common Questions About Small Business Taxes
We are quickly coming to the end of another calendar year. For most small business owners, this means it’s time to... Continue reading →
What the 2014 FUTA Tax Credit Reduction Could Mean For Your Small Business
If you own a small business and have employees, then you are familiar with the Federal Unemployment Tax Act (FUTA)... Continue reading →
Beware The Gift Giving Season
As the calendar flips from October to November, we find ourselves moving into the gift giving season; the time of... Continue reading →