Simply mentioning business taxes, IRS audits or corporate taxation issues can strike fear into the most business savvy entrepreneur. Many small business owners do not realize what deductions are available nor do they understand that a mere $400 in earnings is required to be claimed as income.
The Internal Revenue Service mandates individuals and firms to issue receipts for any payment received for services rendered. A receipt is an indispensable document in any business transaction. Download a free standard receipt template from the Bright Hub Media Gallery.
A receipt for payment is inevitable in any business transaction. Download a sample of a personal receipt for services from the Bright Hub Media Gallery.
As the adage goes, there are only two certainties in life: death and taxes. All individuals and entities who anticipate paying more than $1000 in taxes over withholding needs to pay estimated taxes. Paying late can lead to penalties and other actions.
If you are a self-employed professional, you may be struggling with making your quarterly estimated tax payments. This article provides ten easy tips to make this process less stressful and keep you in good standing with the Internal Revenue Service.
When you are a service provider a good practice to get into is handing out a printable receipt or form for completed work. This is especially useful when you need to split jobs into multiple time frames. Find a free printable receipt or form for completed work right here!
Businesses and self-employed individuals are required to pay federal estimated taxes throughout the year. The great news is there are options for the electronic filing of federal estimated taxes to make filing quick and easy. The IRS controls electronic filing to keep it as secure as possible.
Driving a taxi is a lucrative business. Most customers simply tell you where they want to go and hand you the fare when you arrive at their destination. There are times when a customer may require proof of the trip and cost for business expenses. You can use a blank taxi cab receipt to record it.
Did you know that donations are eligible as tax deductions only if they are supported by charitable donation receipts issued by 501(c)(3) non-profit or charitable institutions? IRS is interested in the eligibility of issuers & the information furnished to determine the validity of a tax deduction.
To make record keeping easier for yourself and others, it’s important to learn how to write a receipt. Learn what information a receipt should include and when you need to write a receipt.