5
Year-end Small Business Tax Tips - As the
holidays quickly approach it's hardly a time to think
about small business taxes. But a quick look at these
year-end tax tips for small business can pay big dividends
for 2006.
Business
Taxes Explained - The form of business
you operate determines what taxes you must pay and how
you pay them. The following are the four general types
of business taxes: Income Tax, Self-Employment Tax,
Employment Taxes, and Excise Tax. Get all the info you
need on all of these taxes.
10
Tax Tips for Small Business Owners - It's
tax time again. Are you ready? Here are a few tax tips
for small businesses to keep in mind this tax season.
Avoiding
an Audit: Tips for Businesses - After you
receive an audit notice from the IRS there is nothing
you can do to avoid it. However, there are some things
you can do to reduce the chances of being chosen in
the first place.
Deduct
This Year, Save This Year - Savings steps
you should take before the end of the calendar year.
Don't
Let Your Home-Based Business Be Too 'Taxing'
- So how does one avoid the dream of starting up a business
from home becoming too 'taxing'?
Employee
vs Independent Contractor - Independent
Contractor Determination Rules -
Various tests exist for determining employee vs. independent
contractor status. The once common "20 Common Law
Factors Test" of the IRS, has been replaced by a
new category test.
Home
Business Tax Tips - Running a home based
business reaps many wonderful tax deductions that other
businesses some times may not claim. Unfortunately to
many small business owners end up paying the government
taxes every year because they are unaware or several small
business deductions that are available.
How
to Survive an IRS Audit - What should I do
to get through an audit? ... You've just gotten a letter
from the IRS telling you that your return has been chosen
for an audit. Don't panic. There are things you can do
to make the audit go smoothly.
Practical
Small Business Tax Tips - As an entrepreneur,
you're likely to face many more volatile income fluctuations
than you would as an employee of a large company, and
you need to retain absolutely every penny you can to build
up a cushion in case things get rough. Saving on business
taxes is one very important way to reduce your costs and
keep more of what you earn.
Sales
Taxes / Collecting Sales Tax - In most states
and in many cities, you must collect sales taxes on applicable
sales. Generally, sales taxes apply on the sale of just
about anything to just about anyone.
Small
Business Income Tax Guide - Business Tax
Tips to Use on Your Tax Return.
Small
Business Tax Basics - Taxes are one of the
most important issues facing small businesses. And like
a company's profits, its annual tax bill will in part
reflect the owner's skills and knowledge. Business owners
need to be sure that they are meeting all of their responsibilities
to the tax authorities -- and also seizing every legitimate
opportunity to reduce their taxes.
Small
Business Tools - Tax Alerts, Statement of Employment released
- Businesslink, the government website that provides small
business advice, has launched three new tools - tax key
date alerts, create a written statement of employment,
and regulation updates.
Streetwise
Tips on Taxes - Too many small businesses
view their tax bills like trade debts and delay paying
taxes during cash crunches. Invariably, they regret this
decision. You can usually delay vendor payments, pay up
later, and have all forgotten. When you don't pay the
tax authorities, they seek penalties and interest.
Taking
Business Tax Deductions - What kind of small
business tax deductions can I take for a business expense
tax? You may be able to take more small & home based
business tax deductions than you thought.
Tax
Procrastination? 10 Small Business Tax Motivators
- Does the thought of preparing your small business tax
return leave a feeling of guilt? Are you waiting until
the last minute for some inspiration? Wait no longer.
Your About.com Small Business Information Guide has put
together 10 motivators to overcome your tax procrastination
habits.
Tax
Tips For Small Businesses - Don’t the
complexities involved in doing your taxes bug you, specially,
if you own a belittled stage business. Following and getting
familiarized with the guidelines laid down by the for
diminished businesses is very crucial.
Telecommute
Tax - Should a person who lives in one state
and telecommutes to work for an employer located in a
different state have to pay income taxes to the state
in which their employer is located?
The
Documentation of Business Entertainment Deductions
- The five things you need to record to avoid an audit.
The
ultimate tax shelter: owning your own business
(MoneyCentral)The surest way to reduce your taxes
is to convert personal expenditures into allowable deductions.
Turn even a hobby into a business and you'll cut your
tax bill.
Use
Taxes - Use taxes basically mean that a business
that buys items from out-of-state vendors, which are not
collecting sales taxes, must pay the tax themselves to
the taxing authority.
Why
Your Business Needs a Tax Pro (TaxMama.com)
- There's no need to be embarrassed about admitting that
you need help sorting out your finances. The real shame
is in hiring the wrong hired gun to tame the taxman. Choose
wisely and you'll avoid red ink and a red face.
Why
You Shouldn't Do Your Own Tax Return - The
keys to avoiding red flags on your taxes.
Year-End
Tax Tips for Online Sellers - How has 2005
been for your online business? Good? Bad? The answer to
this question will determine the steps to take before
the end of the year in order to minimize tax on your profits
or make the best use of your losses.
