Small Businesses

PLEASE NOTE: I am not a tax professional. Please check with your professional tax preparer for questions about an item's specific deductibility and income tax rules! Organized freelancers have...

PLEASE NOTE: I am not a tax professional. Please check with your professional tax preparer for questions about an item's specific deductibility and income tax rules! If you are a freelancer and...

Much effort goes into planning and launching a bookkeeping and tax business. And once it's up and running, the work has only begun. The next step is to grow the business.

Growing a small business is never an easy task. You need to constantly attract new customers. This holds true when you run a tax-preparation business, too. One way to build your clientele base is...

Do you have a lot of great wood pieces you've created and thought about selling? Turning a hobby such as woodworking into a business is a great way to earn some extra money or even make a living....

Banks almost always provide the lowest cost of capital available to small and medium businesses. (Those larger medium-sized businesses that may have access to note issuance can get a lower cost of...

Starting a new business is enough of a headache without having to worry about getting into tax trouble. There are a number of federal, state and local taxes you may be responsible for either...

One of the first, not so exciting challenges faced by new entrepreneurs is that of having to secure the necessary business licenses and federal ID number. What follows is a list of some of the...

From animated features to original pictures, an increasing number of new movies are released direct-to-video, and the delivery time from the big-screen to the local DVD bin is shrinking. Both are...

Everyone knows that April 15 is tax day for individual filers; however, small businesses are required to file and pay taxes throughout the year. It's important to know when payments are due to...

An important consideration when starting a business is the formation of its legal entity. When there is more than one person involved, many struggle with the decision of whether to incorporate or...

Everyone needs a good tax professional who can give excellent advice on managing tax liability and prepare tax returns, especially if they are complex. Unfortunately, though you are that perfect...

Many talented people have beautiful handiwork but no idea how to market their craft. Or perhaps they know how to market, but can't imagine how to afford the costs of starting a business....

Every small business owner eventually faces the same dilemma. Open a business checking account or continue funneling the money through an existing personal checking account? However, tax-savvy...

When millions of Americans get their weekly paychecks, part of what they've earned has been taken out for taxes. That's because federal and state regulations require employers to calculate weekly...

Starting a home photography business is steadily increasing in popularity with stay at home moms (and dads). While you may have decided to start your own photography business because you enjoy...

Employers use pay periods of various lengths. The biweekly pay period (one paycheck for every two weeks) is one of the most common choices. It is no more difficult to determine biweekly taxes than...

Your tax EIN, or employer identification number, is like a social security number for you business. Once you create it, it becomes a permanent part of the IRS's records. You can use your EIN to...

In order to qualify for tax deductions a home based business needs to follow certain guidelines. The available tax deductions can certainly be a benefit to a starting home based business. It is...

If you are good at home remodeling projects, then you may want to consider starting up a handyman business. Starting any kind of business requires a great deal of work and research, and starting a...

Starting a company may seem a daunting task, but there are services - like LegalZoom - that can both simplify and speed up the process. Here's how.

In 1986, Congress created the Alternative Minimum Tax (AMT) as a way to help ensure everyone paid taxes equally; however, over the years, this benefit has eroded. If you have a large number of...

Shutting down your company can mean the end of something important to you, but it must be done correctly to avoid legal and tax complications. Dissolving a company is a lot easier than getting...

You don't need to be a financial guru to be able to buy wholesale to resell, but you will need to take care of a few simple legal details first. As a retailer, you have to ability to make profit...

An Employer Identification Number, or EIN, is special number assigned to businesses for tax purposes. This number identifies the business and may also be called the Federal Tax Identification...

If you have training in tax preparation, starting a small business providing tax planning and preparation services is relatively easy. If you have not gone through a tax preparation course, you...

The IRS requires employers to calculate federal taxes on gross pay and to collect and remit the tax money periodically. The individual steps needed to calculate federal taxes on gross pay are...

This will briefly go over how to get the $8,000 tax credit for individuals who are considered to be buying their very first house.

Having made the decision to sell Avon products, you now may be wondering about your tax obligations. Specifically, you are interested in finding out whether or not you need to file taxes for...

With the exception a person who is self-employed with no employees, all businesses are required to calculate payroll withholdings for federal taxes. In most cases there are state and local taxes...

In order to obtain a tax ID in New York City, one must apply for an Employee Identification Number (EIN) which is also known as a Federal Tax Identification Number. The EIN acts as a tax ID and is...

A 501(c)(3) business entity is alluring because it is tax-exempt from the Internal Revenue Service. To obtain 501(c)(3) status, the business must fall under one of the requirements in the statute,...

The Ohio Secretary of State keeps a list of all registered businesses in the state. You should register a unique business name if you are planning to do business within the State of Ohio and don't...

Many business expenses are tax-deductible and can help reduce your burden on April 15. Keep organized, detailed records or receipts for all of your tax-related expenses, in case the IRS wants to...

Calculating California's sales tax can be a confusing issue when trying to determine how much to tax to charge your customers or figuring out how much tax you will pay as a consumer. Fortunately,...

Although running a small business is sometimes challenging, there are many benefits as well. One of the biggest benefits is the large number of tax deductions that small businesses can claim....

Changes in America's workplace are forcing us to open our minds and consider alternatives which, in the past, may have been considered by some as non-traditional. But of course, many of those...

In running a small business, every dollar counts. The law allows for a number of legitimate tax deductions that can help small business owners manage their finances. While many deductions are well...

Running any small business can be hard. Paying taxes on it can be even more difficult. There are more things than you think that is tax deductible.

Having a home business seems ideal for many. Though convenient, tax time can become a headache if business receipts have not been separated from regular household receipts. Hopefully, everyone...

Figuring payroll taxes isn't difficult, but it can be complicated because there are a minimum of seven different taxes to consider---and even more when you factor in state and local income taxes....

Employers set up payroll schedules in a variety of ways. One of the most common is the bi-weekly schedule. Each employee receives a paycheck for two weeks pay at a time on a 14-day cycle. When...

All business types have advantages and disadvantages. Often, the advantages involve the ability to raise capital or reduce taxes. Sole proprietorships are easy to establish and offer the most...

Limited-Liability Companies (LLC) is a state-mandated business entity that combines features of corporations and partnerships. LLCs are a newer form of business ownership and are useful for many...

Today everyone is feeling the effects of a failing economy. In California the unemployment rate has risen to 9.7%. This is the highest since 1948. To make matters worse, the state has declared...

If you are planning on starting a small business you'll need to make sure you have all the licenses and permits required. Exactly which licenses a business needs depends on state and local laws...

The legal requirements you must meet to open your business vary, depending on the location of your business and the type of business you're opening. For example, if you're opening a business where...

Income from a small business flows through to the personal tax return of its owners. It is there that the Internal Revenue Service will tax the profits earned. Reducing the taxable income of your...

Home businesses range from selling nearly any product to providing services to clients. Owning a home-based business comes with responsibility and difficulties. Yet the benefits of home businesses...

When you form a limited liability corporation, your business will enjoy significant tax advantages. In addition, you won't be required to have meetings or complete annual reports. Forming an LLC...