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  • How to Safeguard Your Tax Records

    Published November 01, 2012

    It’s great to have write offs, but you better have proof of your deductions if Uncle Sam comes knocking on your door.

  • Structure your Employee’s Pay for Maximum Tax Benefit

    Published October 26, 2012

    With the labor market finally showing some signs of a steady recovery, now is the time for small business owners to review their hiring strategies and pay scales along with ay fringe benefits they could and should be offering. Your company might save a bundle by replacing dollars with benefits.

  • Five Tax Tips for Non Filers

    Published October 25, 2012

    If you haven’t filed taxes for several years, you might be looking over your shoulder to see if Uncle Sam has finally caught up to you. But relax, it’s not the end of the world—you can take steps to rectify the situation.

  • How to Write Off Abandonment and Casualty Losses

    Published October 19, 2012

    There are times when business owners abandon assets or when assets suffer casualty losses. In either event, small business should take note because there is likely a deduction that can be taken.

  • Owe Money to Uncle Sam? What the IRS Can and Can’t Do

    Published October 18, 2012

    If you are unable to pay your tax liability, your account ends up in the IRS collection department, but there are limits to what the agency can do to secure debts.

  • Deposit Payroll Taxes

    Published October 12, 2012

    Small business owners must deposit payroll taxes on a regular basis with the IRS using Electronic Federal Tax Payment System (EFTPS). Your schedule of deposits depends upon the amount of payroll taxes you accumulate. 

  • Is it Time to Switch to a Consumption Tax?

    Published October 11, 2012

    The tax code has become too complex for many people to even understand. So what if we just created a consumption tax?

  • Getting Into the Nitty Gritty of Payroll Taxes

    Published October 05, 2012

    Adding employees to a growing small business is great news, but owners need to be careful to fill out the right paper work and file the proper documentation with the IRS to make sure they don’t run afoul with Uncle Sam.

  • Don’t Forget to List These Taxes You Can Deduct

    Published October 04, 2012

    Most of us remember to list property taxes and taxes paid to the state--but a closer look at this section on your could reveal that you’ve been overlooking possible deductions.

  • What Employers Need to Know About Payroll Taxes

    Published September 28, 2012

    The paperwork and tax implications of hiring workers are main reasons employers prefer to hire independent contractors. However, with the IRS bearing down to reclassify workers as employees and dishing out whopping penalties for those who transgress,  it’s in your best interest to make sure you comply.