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Bonnie Lee Archive

  • How to Buy a Zero State Tax Liability

    Published November 30, 2012

    If your state income tax liability is too high, there’s an easy way to lower it: buy state tax credits from someone who doesn’t need them.

  • Tax Relief and Assistance for Victims of Hurricane Sandy

    Published November 27, 2012

    The IRS has issued several bulletins to help taxpayers overcome Sandy problems and ease the burden of rebuilding and making disaster-related filings.

  • Seven End-of-Year Payroll Tips for Small Business Owners

    Published November 16, 2012

    The holiday season is upon us and now is the time for small business owners to finalize their year-end tax planning.

  • How to Plan for Potential Tax Changes in 2013

    Published November 15, 2012

    As the nation waits to see what happens with the Bush-era tax cuts, here are other tax-related changes that might be coming down the pipeline.

  • How to Properly Write Off Bad Business Debt

    Published November 09, 2012

    Turns out you can only write off bad business debt if a transaction is actually made. Here's how it works.

  • Why do We Tax Social Security Benefits?

    Published November 08, 2012

    Social Security has been a frequent topic of discussion recently with its future financial health in question and many future retirees are wondering if they can count on these benefits to help fund their retirement.

  • Documenting your Business Income

    Published November 02, 2012

    They may be some small business owners biggest fear, but sometimes audits can be a good thing for a bottom line.

  • 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.