Small Business Taxes
August 6, 2013
Complexity and inconsistency within the tax code continue to be major issues for small business owners. According to a survey conducted by the National Small Business Association, approximately 25% of small businesses say that they spend 120...
August 6, 2013
Republicans and Democrats each have their own position on the Marketplace Fairness Act. Who is right?
Although the Marketplace Fairness Act initially represented a bipartisan effort to fairly tax online purchases, it has taken a bit of...
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 10, 2013
Elsa and Bill are recently married and considering whether to ‘marry’ their sole proprietorships into one business. They are unsure how their taxes will be affected. Will it be more difficult to file as a partnership? Would a qualified joint...
July 3, 2013
Michael Dell did not discover electricity, nor the transistor, but he revolutionized PC sales nonetheless. The firm’s main advantage was in keeping a smaller inventory than its competitors, which supported a reduced price scale.
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 irregular income,...
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...
May 9, 2013
When I get a letter from the IRS — and yes, it’s happened — I get a chill. Am I in trouble? Did I miss a deadline or overlook a tax? I hate to open the envelope.
But you've got to open it and face the question right away. If you throw the...