Posts Tagged ‘small business tax advice’

IRS Tax Help for Business Startups

Monday, August 13th, 2012

Starting a business can be an exciting and overwhelming endeavor. If you are ready to take the plunge and start out on your own, make sure you factor tax strategy into the planning phase. The last thing you need as you run your business is backwards work with tax troubles.
Some of the best tax help is right at your fingertips via the IRS website, irs.gov. Through its Publication 583, titled
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5 Things You Need to Know About Business Tax Relief

Friday, March 30th, 2012

It’s no secret the IRS is cracking down on small businesses with unpaid payroll taxes and past due employment taxes. If you are in need of business tax relief, here are 5 things you need to know:
#1: Understand the gravity of your situation. The IRS views unpaid payroll taxes and unpaid employment taxes as theft, and they carry severe consequences. Aside from penalties (33% plus interest at 16
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IRS Tax Help for Small Businesses and Self-Employed

Thursday, January 26th, 2012

As we move into tax season it is important to stay up to date and educated on the current regulations and laws surrounding taxes. By staying educated on important tax issues you can help keep yourself out of future IRS tax problems such as back taxes and tax liens.
To help make the tax process easier for small businesses and the self-employed the IRS has created a tax center on their
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IRS Incentives Provide Small Business Tax Help for 2011

Thursday, December 29th, 2011

At Tax Resolution Services, we help individuals and small businesses find a solution for their IRS tax problems. For a small business owner, this means not only spelling out the resolution process, but also the assessment and prevention of future tax issues down the road. It cannot be said enough that sound legal and financial advice helps to streamline operations and is key to small business success both in good
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How to Handle Delinquent Payroll Taxes on Big Biz Show Blog

Friday, December 16th, 2011

Each month, I post tax tips for business owners in my Tips from the TaxMan series on the “The Big Biz Show” blog. “The Big Biz Show” airs each weekday and is hosted by Sully & Russ ‘T’ Nailz, two San Diego radio and television personalities. The show covers current events, business trends, investment opportunities, live market updates, and more.
This week, I was inspired to share some
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Tax Relief News: Business Vehicles Get New Tax Breaks

Tuesday, July 12th, 2011

Last year Congress made some new decisions about the amount of business deductions that can be made on your car purchased after Sept. 8, 2010, and before Jan. 1, 2012. If you are like most business owners, you want to tap into these tax breaks when you can.  Laura Saunders of the Wall Street Journal highlights some great tax relief tips (new and old) you need to know about deductions
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Small Businesses Tax News: SBOs Push Back on IRS request for Electronic Files

Tuesday, May 31st, 2011

In a recent article by Laura Saunders of the Wall Street Journal called Small Businesses Fight IRS over Data, the news that the IRS is asking companies they are auditing to hand over electronic records that they store in their business software programs.  (Source: a letter from an agency official to the American Institute of CPAs).
According to the article the fear from the American Institute of CPAs “fears this will
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Tax Resolution News: Tax Relief Expert Featured on BNET to Help Business Owners Stay Out of IRS Trouble

Tuesday, March 15th, 2011

While many business owners are struggling in the current economic climate, I want to emphasize that in addition to abnormal tax deductions, there are a number of other things that can trigger IRS audits, penalties, and potential jail time.
CBS Interactive Business Network BNET recently published an article, “How to Stay Out of Tax Hell” in which I shared important tax help advice for business owners, including how failure to pay
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Tax Help News: How Obama’s Health Reform Means More Tax-Reporting Requirements For Your Business

Thursday, September 2nd, 2010

There’s been a lot of confusion about what is and what is not in the Patient Protection and Affordable Care Act — otherwise known as President Barack Obama’s health care reform.
Of course, despite the rumor mongering that goes so well with contact politics, there aren’t death panels. But there is a big change to the way you do business and pay your taxes.
The U.S. Congress used the Patient Protection and
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Tax Help: Nation’s Leading Tax Relief Expert Shares Tips on How Small Businesses Can Avoid IRS Audits

Wednesday, March 3rd, 2010

This week, the nation’s leading tax expert Brian Compton, president of Tax Resolution Services, chatted with Caz Taylor and Ruben Garcia on SBA Radio to share some great tax help tips for small business owners on how to avoid IRS audits.
As the tax filing deadline draws nearer, many small businesses already struggling with the state of the economy must face yet another challenge–filing and paying taxes.
It has been reported that
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Tax Help Small Business Owners Struggling to Meet October 15th Tax Extension Deadline

Friday, September 25th, 2009

As the October 15th extension deadline for filing 2008 tax returns looms closer, many small business owners like you who have been busy with running your business may be growing anxious.
To a busy business owner who has to sort through piles of receipts and invoices just to get organized to file their taxes, October 15th may not seem like a lenient tax extension deadline. It can be overwhelming to sit
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Take Control of Your Business Finances – Tips for Staying Up to Date and Organized with Your Tax Documentation

Monday, March 16th, 2009

I was recently interviewed by My Business Magazine for an article titled “Tools of the Tax Trade” – about how technology can help us take control of tax documentation.
Taking Control of Your Business Finances – and Protecting Yourself From IRS Audit Penalties

Cool new products like the Neat Co.’s NeatReceipts handheld scanner has helped many taxpayers by making it easier and less time-consuming to keep track of thier expenses. NeatReceipts
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Tax Changes in the American Recovery and Reinvestment Act of 2009

Monday, March 2nd, 2009

The IRS is implementing tax-related provisions of this new program as quickly as possible. I recently blogged about how this new economic stimulus law could affect your tax bill, and how heightened tax compliance efforts could impact small businesses.
The IRS has outlined key highlights of the plan as follows:

COBRA: Health Insurance Continuation Subsidy. The IRS has extensive guidance for employers, including an updated Form 941, as well as information for qualifying
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Tele-Seminar Featuring Insider Secrets of Tax Relief for Small Business Owners on February 18, 2009

Friday, January 30th, 2009

NOTE: TELE-SEMINAR SCHEDULED FOR FEB. 18 HAS BEEN RESCHEDULED AND WILL NOW TAKE PLACE ON WED, MAY 13.

I’ve blogged about this before, but it’s important to mention it again: Small business owners are the largest source of uncollected taxes.
During this economic downturn, we are also seeing lots of people who are laid off or are no longer employed, going out on there own. They’re reinventing themselves, setting up home-based businesses,
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Business Matters – An Hour of Free Business Tax Advice for Your Small Business Matters

Monday, October 6th, 2008

I will be appearing on the weekly blogtalkradio business show live on October 8th  at 1 PM, EST (1am, PST). The show is hosted by Regina McRae, owner of Grandma’s Secrets, New York’s only desert delivery company.
Join us for an informative segment for sole proprietors and small business owners who want to know how to avoid tax pitfalls. You are also invited to join us in the chat room or to call in with
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