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Reimbursed Business Expenses
02/21/2013For small business owners, particularly if they operate flow through entities such as S corporations or Limited Liability Companies,...
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Business tax credits extended
02/21/2013“The Relief Act extended the availability of several business tax credits that had expired. Most notably, it extended the...
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Office equipment vs. supplies
02/21/2013Equipment can be “expensed” directly via a 179 deduction, but it is important to classify the difference between just...
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S Corporation elections
02/21/2013For tax years beginning after 2012, the Relief Act increased the top rate for qualified dividends from 15% to...
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Hiring family members as employees
02/21/2013Save on your profits by paying them as wages to your children for helping out with your business. Under...
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Classification of employees vs. independent contractors
02/21/2013This is something that the IRS takes seriously and can be caught if you end a business relationship with...
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Documentation of Expenses
02/21/2013It is important to have documentation for expenses via credit card statements and bank cards. You don’t need to...
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Accrued wage and bonuses
02/21/2013Accrued wages and bonuses should be paid by March 15, 2013 for 2012 calendar year corporate income tax returns...
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Save Money with the Child Tax Credit
02/21/2013If you have a child under age 17, the Child Tax Credit may save you money at tax-time. Here...
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U.S. wholesale prices rise for the first time in 4 months
02/21/2013Wholesale prices in the U.S. rose in January for the first time in four months, reflecting higher costs for...
