The Wall Street Journal: Overstock.com Inc. informed its marketing affiliates in four states — California, Hawaii, North Carolina and Rhode Island — that it is ending its business with them to avoid collecting sales tax. Lawmakers in the states have passed or are preparing to pass legislation that would require companies to collect sales tax […]
Overstock Kills Affiliate Programs In 4 States Read More »
photo credit: joebeone Many people doing their own taxes worry about being audited for making a mistake or claiming too much. I know i do every time i file them myself. Even small business owners often times file their own taxes through Turbo Tax online and worry if something will come back to haunt them.
What Triggers You To Be Audited? Read More »
Ars Technica: Louisiana residents may find themselves paying an extra fee on top of their regular Internet costs if the state’s House of Representatives has its way. The House voted 81 to 9 in favor of the 15-cent monthly levy with the bill’s sponsors arguing that the money would go towards fighting Internet-related crimes in
Internet Tax Working Its Way To Louisiana Read More »
NJ Biz: Abby and Ken Kohut both launched home-based businesses three years ago. Staffing Symphony, Abby Kohut’s recruitment consulting firm, occupies an office in their Springfield home a few steps from the office of Ken Kohut Photography. “It is a wonderful experience to have your own business,” Abby Kohut said. “But you have to be
Home Office Tax Benefits Alluring To Entrepreneurs Read More »
photo credit: glass window Most of us think of the Internal Revenue Service as the people who come after you if you don’t pay your taxes. But the IRS, under its mandate from the department of Treasury, also has many services to business taxpayers. The IRS can provide you with a ton of information that
The IRS Can Be Helpful Read More »
photo credit: Josh Thompson The new economic stimulus law signed by the president on Feb. 17–the American Recovery and Reinvestment Act of 2009–gives small business owners a second chance at a “one-time” tax-saving opportunity. Business Management Daily recently did an article on some major tax breaks for small businesses to apply towards next year’s filing.
Small Business Tax Breaks Read More »
photo credit: alanwoo If you are in business for yourself and if it’s a some what small operation, chances are you have all of your credit card statements and receipts for the year stuffed away in some droor somewhere or in a shoe box in the closet. Then when it comes time to do your
The Crazy World Of Expensing Read More »
photo credit: kozumel One way or another, bad debt is going to get you in some way. Wether a customer buy’s something on credit and then doesn’t make good on the payments, or a vendor lends a business inventory on credit and the company folds anyway in the long run, it happens. However, that bad
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The Wall Street Journal: Gail Rosen, who runs her own accounting firm in Martinsville, N.J., says entrepreneurs in New Jersey pay taxes of 27% to 59% of their net income, including federal, state and payroll taxes. Still, she says, “I am seeing more people than ever before start their own businesses.” As an employee, you
Self-Employment Is Taxing Read More »
Unhappy with your 2008 taxes and got the tax day blues? Who doesn’t? Well, according to a new poll from Gallup, 61% of Americans think that their taxes are just right or even a little low. But, guess what: Consider this: about 40-50% of Americans pay no federal income tax at all. That’s zero dollars.
Best Tax Advice Ever: The Tax Lady’s Guide to Beating the IRS Read More »
