Home Office Deductions Simplified

One of the most valuable business deductions, yet most overlooked deductions, is the home office.  Often business owners fail to claim their home office because keeping track of the expenses is time consuming and because they are afraid it sends a  “red flag” to the IRS. Did you know that the IRS has released new guidelines for deducting your home …

March 2013 Small Business Tax Dates

Mar. 1  Deposit payroll tax for payments on Feb. 23-26 if the semiweekly deposit rule applies. Farmers and Fishermen:  File Form 1040 and pay any tax due.  However, you have until Apr. 15  to file if you paid your 2012 estimated tax payments by Jan. 15, 2013. Mar. 6  Deposit payroll tax for payments on Feb. 27-Mar. 1 if the semiweekly …

February 2013 Small Business Tax Dates

Feb. 1-Deposit payroll tax for payments on Jan. 25-27 if the semiweekly deposit rule applies. Feb. 3– Deposit payroll tax payments on Jan. 28-31 if the semiweekly deposit rule applies. Feb. 8– Deposit payroll tax for payments on Feb. 1-3 if the semiweekly deposit rule applies. Feb. 10– Employers: Employees are required to report to you tips of $20 or …

January 2013 Small Business Tax Dates

Jan. 5- Deposit payroll tax for payments on Nov. 28-30 if the semiweekly deposit rule applies. Jan. 7- Deposit payroll tax for payments on Dec. 1-4 if the semiweekly deposit rule applies. Jan. 10- Employers:  Employees are required to report to you tips of $20 or more earned during November. Jan. 12- Deposit payroll tax for payments on Dec. 5-7 …

December 2012 Small Business Tax Dates

DECEMBER BUSINESS TAX DATES Dec 5- Deposit payroll tax for payments on Nov 28-30 if the semiweekly deposit rule applies. Dec 7- Deposit payroll tax for payments on Dec 1-4 if the semiweekly deposit rule applies. Dec 10- Employers: Employees are required to report to you tips of $20 or more earned during November. Dec 12- Deposit payroll tax for payments on …

November 2012 Small Business Tax Dates

NOVEMBER BUSINESS TAX DATES Nov 2- Deposit payroll tax for payments on Oct 27-30 if the semiweekly deposit rule applies. Nov 7- Deposit payroll tax for payments on Oct 31-Nov 2 if the semiweekly deposit rule applies. Nov 9- Deposit payroll tax for payments on Nov 3-6 if the semiweekly deposit rule applies. Nov 13- Employers: Employees are required to report to …

Great Ways to Increase Productivity During a Recession

I think we would all agree that economically, times are hard.  Are you like one of the many businesses struggling to remain  profitable, or even keep your doors open? Ã‚ Are you trying to find ways to deal with economy in unique ways? Ã‚ The following ideas are technology-based and easy to implement. Technology, during these economically hard times, is a great way to help …

2013 Tax Scenarios

  Well, elections are right around the corner and we know how overwhelming all the information on commercials and debates can be so we decided to give an overview of where both candidates stand in regard to tax policies. Ã‚ Ãƒâ€š  *** Note that we are not giving support to either candidate…we just want you to be well-informed on November 6.   …

Construction Accounting is Tough!

Businesses in the construction industry face challenges every day that most other type of companies do not. Construction contractors have complicated accounting rules when reporting long term contracts and spec homes. In addition to the complicated income tax reporting that is sometimes required there are many other factors effecting things day to day like subcontractors, payroll, job costing, and estimating …