Category Archives: Taxes

Online Sales Tax May Soon Be Reality

A new piece of federal legislation known as the Marketplace Fairness Act has passed the Senate and is now awaiting a House vote that most politicos expect to pass as well.  If the bill becomes law, and your business conducts … Continue reading

Posted in Taxes | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

5 Tax Tips for Small Business

According to SBA data, more than 79 percent of small businesses have no employees – meaning that a majority of small business owners are doing it all.  And when tax season rolls around, it can mean plenty of stress for … Continue reading

Posted in Taxes | Tagged , , , , , , , , , , , , , , | Leave a comment

Small Business Tax Reform Proposal Contains Drastic Changes

Representative Dave Camp (R-MI), the chairman of the House Ways and Means Committee and one of Congress’ top tax lawmakers, has released his proposal for small business tax reform and it contains a number of drastic changes to the current … Continue reading

Posted in Taxes, Uncategorized | Tagged , , , , , , , , , , , | Leave a comment

What Small Business Owners Need to Know About the Home Office Tax Deduction

It used to be that claiming a home office as a tax reduction was viewed as a sure trigger for an IRS audit. Today, it is estimated that 26 million Americans have home offices; however, only 15% claim home office … Continue reading

Posted in Taxes | Tagged , , , , , , , , , , , , , | Leave a comment

Proposed Legislation Offers Big Tax Break to Entrepreneurs

A new bipartisan bill introduced in Congress – the Startup Innovation Act of 2013 – promises a big benefit to entrepreneurs via a new research and development tax credit. The bill, which was originally introduced last summer, was reintroduced in … Continue reading

Posted in Taxes | Tagged , , , , , , , , , , , , , | Leave a comment