If your car is used for business purposes, whether you are self-employed or an employee, you can get the benefit of tax deductions. You have 2 choices for claiming deductions on a business car:  You can deduct the actual business-related costs of gas, oil, lubrication, repairs, tires, supplies, parking, tolls, drivers’ salaries, and depreciation.  Ã‚ Use the standard mileage …
September Business Tax Dates Sept 6- Deposit payroll tax for payments on Aug 29-31 if the semiweekly deposit rule applies. Sept 7- Deposit payroll tax for payments on Sep 1-4 if the semiweekly deposit rule applies. Sept 10- Employers: Employees are requiredto report to you tips of $20 or more earned during August. Sept 12- Deposit payroll tax for payments on Sep …
Residential Energy Tax Credits for 2012 Are your high utility rates making you think about âہ“going green†and making your home more energy efficient? This is the perfect time to do so especially if you want to take advantage of the residential energy tax credits available to homeowners. The Residential Energy Efficient Property Credit is available to individual taxpayers to …
Lenders will want to see documentation that supports all of your information. There are many types of documents that can be included, but there are several that are considered to be the most common. Personal resumes should be included for all owners and anyone in management. Each resume should be a one-page document that includes work history, educational background, special …
Aug 1- File 2011 Form 5500 or 5500-EZ. Deposit payroll tax for payments on Jul 25-27 if the semiweekly deposit rule applies. Aug 3- Deposit payroll tax for payments on Jul 28-31 if the semiweekly deposit rule applies. Aug 8- Deposit payroll tax for payments on Aug 1-3 if the semiweekly deposit rule applies. Aug 10- Employers: Employees are required to report …
Note: This portion of the business plan should not be completed until the organizational and marketing plans have been completed. The financial plan is the analysis of measurable figures for a business plan. The organzational and marketing plans are put together and from this we calculate the projected financing Ã‚ costs. The following two pieces of information need to be included only if you …
An effective marketing plan will address the details of sales, advertising, PR campaigns, and market analysis. Keep in mind that a plan in this technology age should include online strategies as well as traditional strategies. Who will be responsible for your in-house marketing, and who will you use for outsourced marketing campaigns? Identify your target market and competition, along with trends in …
We have previously discussed the importance of every business having a good business plan. This plan is of particular importance if you, the business owner, are looking for any type of financing and/or investors. The focus of the last blog was the summary and what information to include in the summary.  Today we will focus on the second part of your …
I want you to try and remember back to your days in junior high, high school and, if you attended, college. One of the things you probably dreaded most was a research paper. Do you remember doing all the reading and researching? Writing and corrections? The outline? In my last blog, we discussed the importance of having a business plan and business goals. For the …
Imagine building a house with no plans! The construction crew would have to guess where the foundation is supposed to go and the plumbers would have no idea where to lay pipes, so they could potentially put a bathroom in the middle of your kitchen. Not to mention what would happen with elecrical work or the sheetrocking. What a recipe …
