Tax Issues: Obtaining a Tax ID Number for an Existing Business
Getting a tax ID number for an existing business is not difficult to do but there could be reasons why it’s necessary. This includes a small …
Continue ReadingGetting a tax ID number for an existing business is not difficult to do but there could be reasons why it’s necessary. This includes a small …
Continue ReadingCapital gains are profits from the sale of assets. The IRS requires reporting of all capital gains and losses. Capital gains for the sale of a …
Continue ReadingWith many people and companies going paperless, it may seem that paper pay stubs are on their way out. But there are a few reasons why your company …
Continue ReadingFor many business owners, being self employed simply means you work for yourself; but the way your business is legally structured makes a difference …
Continue ReadingWhat information should be included? When should it be provided? Can the information be provided electronically? Download a pay stub example for the …
Continue ReadingThose who are starting a business may wonder if the tax savings of an S Corp over a C Corp are more beneficial. In most cases, S Corporations are a …
Continue ReadingIRS Audit - these words are likely to strike fear into the hearts of the strongest people whether they are individual taxpayers or business owners. …
Continue ReadingAre you a small business looking for help with taxes? Fortunately, there are many online options that let you calculate and file your returns …
Continue ReadingLooking to reduce your business costs? In the U.S., you can get business tax deductions for gifts up to a limit of $25 per gift per taxpayer subject …
Continue ReadingAccording to the IRS, expenses are required to be “ordinary and necessary” to qualify for small business tax deductions. That begs the question, what …
Continue ReadingPartnerships provide the ability to pass through income to owners, without the organization paying taxes on company income. However, understanding …
Continue ReadingYou get income from the Internet, but do you have to pay taxes on an online business? Are you even classified as an online business? There are three …
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