The following guest post is by Bernard B. Kamoroff, C.P.A. and is excerpted from the 2009 Edition of Mr. Kamoroff’s book 422 Tax Deductions for Businesses and Self Employed Individuals. Tax Filing Season is here, and there are still several things you can do to reduce your taxes for 2008. Here are seven tax tips […]
Seven Tax Tips for Businesses and Self-Employed Individuals Read More »
ars technica: Things are not looking good for Amazon and other online retailers who have been avoiding collecting sales taxes from customers, and for customers who have avoided paying them. A fairly new New York state tax law–dubbed the “Amazon Tax”–has been given the green light as a judge dismissed two lawsuits alleging that the
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For Dane’s take on Obama’s plan read Generate Wealth Because the Government Can’t. BusinessWeek: Here’s a welcome report for entrepreneurs this new year: President-elect Barack Obama’s massive stimulus plan is expected to include three key tax breaks for small-business owners. Details are still emerging, but the plan could include a longer window for businesses to
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Making It Legal: The home office deduction sounds like it would be a great thing for small business owners. After all, many of us work at home, and it’s not as though the IRS is always so generous when it comes to deductions for the “little guys.” Deducting a portion of rent/mortgage interest, utilities, insurance,
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Rhonda Abrams, USA TODAY: So here are some last-minute easy steps to take now to lower your taxes next April. Most of the following apply to those who run their businesses on a cash, rather than accrual, basis: 1. Size up your likely bottom line for 2008. Run a quick P&L – or profit and
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MarketWatch: Successful small business owners are constantly balancing the need to invest in new productivity-enhancing technology with the impact on their bottom lines. But between now and the end of the year, with the help of two unrelated economic factors — increased IRS Section 179 deductions and the growing importance of “Black Friday” and “Cyber
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Forbes: Attention, online shoppers! This may be the last holiday season you can dodge sales taxes by buying presents on the Web. State legislators, retailers and lawyers say 2009 may be the year Internet taxes finally come to pass. The idea, which would levy sales tax on most goods bought online, has been tossed around
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The New York Times: Given the economic climate, small-business owners may be loath to make major purchases of new equipment or furnishings this year. But for those with money and an inclination to spend it, now is a good time to buy, as Congress enacted generous tax incentives for this year only. Businesses considering major
Time Running Out For New Tax Breaks Read More »
