The sales tax deduction is available for 2011 tax returns. Here are answers to your questions regarding this deduction. (more…)
November, 2011
Tax Tip Tuesday! New Estate Tax Rules Bring Additional Filing Requirements
The latest updates to the estate tax rules that took effect in January introduced a new form and a new filing requirement. (more…)
Make The Right Pricing Decision
In business, making pricing decisions is always tough — and even more so when the economy is slow and sales are slipping. It’s tempting to cut prices hoping to generate higher sales volume. But sometimes that just produces lower margins on a low volume. What do you do if you’re being squeezed by cost increases? Can you increase prices in a slow economy? How do you respond if your customers complain? Can you justify holding prices steady if your competitors cut their prices? (more…)
7 Sales Tips For The Holidays
Holiday season can mean many things to you and your clients; the extra pressure of the end of the year, scrambling to improve numbers and to clean house before tax season, the seasonal slump and office parties creating a general lag in business. (more…)
Choosing Your Executor: A Critical Estate Planning Decision
An executor is the person or legal entity that you appoint in your will to settle your estate after your death. It is common practice to name your spouse or one of your children (often the first born) to be the executor of your estate. (more…)
What’s New: IRS Expands Innocent Spouse Relief
If you file a joint income tax return with your spouse, you are considered “jointly and severally” liable for the payment of all taxes owed. The IRS can come after either you or your spouse for the entire amount of tax due, plus any penalties and interest due. (more…)
Stop Earned Income Credit Payments w/o current W-5 on file
Date: 2012-01-02
Employers stop advance earned income credit payments for employees failing to submit current-year Form W-5
Roaming Without Ruination- Skype
Running a successful business means learning how to do things better, faster and cheaper than the competition. Today, that sort of dedication requires consistency, whenever and wherever you are. (more…)
New Business: New Worker Classification Program Announced By IRS
Companies that have worker classification issues are being offered a settlement program by the IRS. (more…)
Tax Tip Tuesday: Recordkeeping Is Required For “Listed” Property
You may be more familiar with the term “listed property” in the context of real estate, but the term also applies to some business assets — and affects the records you need to take deductions for those assets. (more…)
