Taxes

New Home Office Deduction Rules

Did you know that there’s a new home office deduction option on your 2011 taxes? The new home office deduction option offers a new, simpler way for calculating the home office tax deduction, allowing small business owners and employees who work from home and who maintain a qualifying home office to deduct up to $1,500

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Get Ready For Tax Season

If you want to be prepared for tax season next year, now is the time to absorb all the information you’ll need and make a few changes. Several of the enhanced deductions available to business owners and the self-employed have to do with the purchase and depreciation of assets. And currently, the IRS designates different

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Mobile Tax Office Entrepreneur Recognized For Contributions In Biz

The Montgomery Advertiser: Afiya Madzimoyo, formerly Carolyn Caver, is being recognized by Compro-Tax for her work in entrepreneurship training and professional development in contributing to the mobile tax office trend. She’ll be honored Sept. 15 at the Renaissance Montgomery Hotel & Spa at the Convention Center. “Her story is a textbook for those who want

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Avoiding A Tax Audit

Tax season my be over, but that doesn’t mean you should rest easy yet. Small businesses are often the victims of a tax audit. Fox Business has a few tips to help you avoid being audited. Consider using tax software or a tax professional to complete your tax return. Keep business expenses separate from personal

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What Are Estimated Tax Payments?

One thing new entrepreneurs fail to consider is just how much, and how often they will pay state and federal taxes. The estimated tax payment requires some to pay in quarterly throughout the year. Business Insider breaks down the information for you. Who has to pay estimated tax payments? The rules for estimated tax payments

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