Posts tagged as:

small-business

Mmm… Obama’s Plan Is So “Job Creating”

12 September 2011

President Obama will send his new jobs creation plan to Congress later today. He’s going to pitch it first in the Rose Garden surrounded by the kinds of folks that make for good press (vets and teachers, for example) and then send it to Congress for consideration. It’s not going to be an easy road. [...]

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Taxes from A to Z: B is for Business Mileage

4 March 2011

Section 162 allows taxpayers to deduct expenses incurred in the course of a trade or business that are deemed “ordinary and necessary.” One of the most common of these expenses is the cost of operating a car, van, pickup truck or panel truck. When it comes to deducting those costs, taxpayers have a couple of [...]

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Extending tax cuts eliminates uncertainty

14 December 2010

The folks at Thomson Reuters asked me to write a piece about the Bush tax cuts and I was happy to oblige. Give it a read… I think you’ll be surprised. Extending tax cuts eliminates uncertainty | Analysis & Opinion

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IRS Publishes Small Biz Telephone Numbers in English and Spanish

19 August 2010

The IRS wants to remind small businesses that help is available for tax questions. Some key numbers to put in your contacts: Business and Specialty Tax Line (800) 829-4933 Electronic Federal Tax Payment System (EFTPS) Hotline (800) 555-4477 Forms (IRS) (800) 829-3676 You can see more helpful telephone numbers on the IRS web site. Information [...]

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Congress Hates Small Businesses

30 May 2010

When I got up this morning, I was all set to blog more about the disaster that is (and let me type it out one more time) the American Jobs and Closing Tax Loopholes Act of 2010. Specifically, I was going to focus on the S corporation provisions, which seem to be taking a beating [...]

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Taxing Health Care Benefits

3 July 2009

Ever since President Obama raised the idea of taxing health care benefits, I’ve been asked what I think about the plan. Specifically, I’ve received a number of emails which more or less ask three questions: How would it work? Do I think it’s fair? Do I like it? I’m happy to oblige. But first, some [...]

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Tax Tips for Small Business Owners

18 March 2009

Today’s post is courtesy of guest author, Sheryl Schuff. You can find out more about Sheryl by checking out her interview as part of my Getting To Know You Tuesday series. – Thanks to Kelly for inviting me over to share this space with a guest post for her readers. I’ll be discussing some frequently [...]

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Ask the taxgirl: LIVE (It’s today!)

23 January 2009

It’s “Ask the taxgirl: LIVE!” I hope you can stop by today at 11:00am to listen in. The focus is on small business tax questions with specific emphasis on home businesses and freelancers. You can ask your questions about small business a number of ways: Call in: (646) 716-7150 (regular charges apply) Email me: askthetaxgirl@taxgirl.com [...]

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Ask the taxgirl: 1099 for Closed Business

11 January 2009

Taxpayer asks: Aloha I am a bookkeeper for a small company. My boss wrote a check to a restaurant for preparing food for our Christmas party and it was over the amount for a 1099. I faxed a W-9 that week and have never heard a word. We just found out that the restaurant closed [...]

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23 Ways to Cut Your 2008 Business Income Tax Bill

30 December 2008

I previously blogged how to cut your 2008 individual income tax bill. I could hear the comments as I was writing: what about my business? Well, never fear! Following are some last minute suggestions to help save on your 2008 tax bill. But first, a word of caution: Just as with individual tax considerations, there [...]

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