Tax tips and guidance built for small business owners and the self-employed — deductions, filings, and the stuff that actually applies to you.
As the debate over health care and health care costs continued to draw attention, it appeared as if the smallest of businesses, those who are self-employed, were being ignored. Most of the health care related tax breaks and credits have been focused on businesses with employees but those who are self-employed or primarily family owned…
Last month, I went on vacation and I saw America. No, I didn’t do some month long cross country trip (though with three kids and a dog in the car, it felt a little longer than it actually was) – just a few hours up the road to Maine. Along the way, we opted not…
For months/years, Congress has been happy to sit back and take a “wait and see” position on the economy as it relates to small businesses. But now they care. They really, really care. *** Oh wait, I’m just getting this in… This flurry of activity is just meant to make them look like they care…
So you’re really fired up about those new 1099 reporting requirements for 2012, right? The ones that are going to cause all of those headaches for you and your small business? You’ve bellyached about it on twitter. You’ve railed against it on a number of blogs. You’ve griped about it on Facebook. You’ve passed along…
Where were you on December 1, 2007? It’s one of those dates that you’re likely not to remember. But according to the National Bureau of Economic Research, that’s about when the recession really started. If you believe that we’re still in a recession (and most economists seem to), that makes 34 months. We’ve had stimulus…
On Sunday night, I got a text from a friend. It said simply, “Did you hear about the Philly blogger tax?” I hadn’t heard of such a thing and made a mental note to check the news later to see what she was talking about. Less than an hour later, I got the following message…
I’ve received an amazing number of emails, phone calls and Twitter DMs about the infamous “blog tax” story making the rounds in Philadelphia… I am aware of it and I’m working on a story. Earlier today, I spoke with some folks at the Philly Department of Revenue. I’ll have their comments – and mine –…
Earlier this year, I reported on the new reporting requirements for forms 1099 under The Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act. The rules have been heavily criticized in the press but we haven’t heard much from Washington. There’s an update (sort of) on the progress (or lack…
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…
Taxpayer asks: Quick Q: I’m leaving my full-time job 2 start grad school. Moving 300 miles. R moving expenses deductible under IRS 455 Taxgirl says: My answer on twitter: Not for grad school. Just for jobs. Grad school may feel like it’s a job but the IRS doesn’t think so. 😉 And now the extended…