July 19, 2013
You may have noticed the remarkably high self-employment tax on Form 1040 (15.3%) and wondered how Americans – who have such a rich history of entrepreneurship –...
July 16, 2013
Occasionally an article will pop up about the hard-edged stance the IRS takes with small businesses, and particularly sole proprietorships.
Always, the implicit...
July 1, 2013
Estimated taxes are simple … in theory.
For salaried employees, estimated tax payments would be fairly simple to calculate, but many small businesses and self-employed persons in the United States can have...
June 25, 2013
Ever heard the saying “There is no such thing as a free lunch?”
Well, it can be true for the IRS, because if your employer provides that lunch free of charge, then the IRS could tax you on it.
June 19, 2013
If you are counting on your tax refund to help you pay the bills, that probably means you don’t have a lot of extra cash to employ an accountant. Fortunately, there are an...
June 13, 2013
When tax season is upon you and you’re too busy with work/family obligations, or you’re buried in earnings statements and profit-loss sheets, it may be time to seek help with your...
June 12, 2013
One of the most important decisions you can make regarding your income taxes is whether to get your...
May 30, 2013
If you are a self-employed individual or the owner of a small business with no employees, you can file your business taxes along with your...
April 19, 2013
Every year during tax season, we would get urgent calls from clients who are about to go meet their accountants or who are already sitting at their accountant’s office with missing paperwork.
I’m sure this is a scenario that all of us have...
April 9, 2013
Tax day this year falls on a Monday, making it all the more enticing for procrastinators to attempt to cram in all their accounting on the weekend prior.
If this is your plan, you have a little bit of an excuse: The tax season started...