Taxes

Understanding the tax implications of current expenses, capital expenses, and Section 179 can help business owners make educated decisions about how they want to expense assets for the future benefit of the company.

Do you know what the state agency or division which administers your state's tax laws is called, or how to contact that agency or division? There are many good reasons to know which...

The Payroll Tax Exemption and Retention Tax Credit that came with the HIRE Act will save businsses (especially small businesses) a great deal of capital. The credit was not well known the last...

The question is whether the Bush tax cuts, if left in tact on the upper income tax brackets, would provide more economic benefit in terms of jobs and investment versus the role increased...

When it comes to business equipment, leasing has several advantages.

There are pros and cons to leasing or buying your business facility. Here’s what you need to consider.

As a business owner, you need to know the difference between a capital lease and an operating lease.

If you are W-2 employee, your employer withholds your taxes and sends them to the IRS for you. If you are a w-2 employee with a reasonable side business, an employee with more...

Many small business owners face a dilemma when their employees have newborn children: What kind of maternity or paternity leave, if any, should they offer them?

State Tax Amnesty Programs; it seems like every month one state or another announces a tax amnesty program. In this post I'll explain what tax amnesty programs are,including the pros and cons of...

Many people can legally claim a home office deduction but many do not.

States are revamping and launching small business programs -- and some are getting help from a surprising source.

Being a sole proprietor means that you and your business are one -- from the IRS perspective. When using this type of business formation it is important to understand the tax implications and...

Trying to cut taxes often causes expensive penalties for owners.

Every business owner needs to know the differences between business credit and personal credit.

In a race to stay on top, companies in the tech field scramble to develop bigger and better technology.

Businesses can gain cash when they sell their property and then immediately lease it back from the new owner.

In January of 2011 the Obama administration wants to increase the top income bracket of individuals from 33% to 39.6%. This increase will hit many small business owners because unlike corporations, small business...