FREE NEWS ALERTS
A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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Homebuyer Tax Credit May Yet See Big Changes
The first-time homebuyer tax credit is a complicated story that’s unfolding before the nation’s eyes, and it seems that some lawmakers are trying to write additional chapters...
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Ask the Experts
Question: How do you determine if a person is an employee or an independent contractor?
IRS: The determination is complex, but is based on who has the right to control how, when...
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July Tax Calendar
July 15: Social Security, Medicare, and withheld income tax. If the monthly deposit...
July 31: Certain small employers. Deposit any undeposited tax if your tax liability is $2,500 or more for 2009 but less...
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Types of Taxes – “Green” Energy Tax Savings #112
The IRS reminds individual and business taxpayers that many energy-saving steps taken in 2009 may result in bigger tax savings next year. The recently enacted American Recovery and Reinvestment...
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2009 Stimulus Primer for Small Businesses #121
The American Recovery and Reinvestment Act (ARRA), enacted in February of 2009, created, extended or expanded a variety of business tax deductions and credits. Because some of these changes...
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Inflation-Adjusted Tax Numbers for 2009 #107
Tax numbers change frequently. This tax brief lists certain inflation-adjusted numbers for use in preparing 2008 and 2009 tax returns. Be sure to review the instructions for any tax form you are completing to confirm...
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Types of Taxes – Fringe Benefits #114
From the point of view of the IRS, a fringe benefit is a form of pay for the performance of services, such as permitting an employee to use a business vehicle to commute to and from work. The IRS considers you the provider...
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Home-Equity Loans #109
Home-equity loans and home-equity lines of credit are often popular among small business owners looking to leverage their equity for business interests or to pay off bills or send a child to college. However, you need to...
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Deducting Mortgage-Related Expenses #108
Your home can be a shelter in more ways than one. The IRS establishes dozens of specific guidances on exactly which mortgage-related expenses can be deducted from annual taxes. Special circumstances notoriously...
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Business – Partnerships #103
Small business owners, start-ups and entrepreneurs often have trouble getting a great idea off the ground, or taking their initial success to the next level. So, in an effort to gain a boost, a competitive edge or to minimize...
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Business – Alternative Financing #119
In times of economic trouble, small businesses often find capital harder to come by as lending is scarce, borrowing rates are high and financing is all-around less available. But business owners in all sectors are...
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