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You may owe the IRS more than you think.

 

You may owe the IRS more than you think.
 Joe Payne hits another well meaning small business… 

 

Meet Consuela Consultant.  She runs a very busy information technology consulting firm.  Like Woody, she bought QuickBooks and uses it to record her transactions faithfully every weekend.  She likes the program because it is so easy to use.  Every weekend, she . . . → Read More: You may owe the IRS more than you think.

IRS Grants One Week Extension for Preparers Located in Areas Affected by Hurricane Irene

The Internal Revenue Service announced on September 1, 2011, that it is granting taxpayers whose preparers were affected by Hurricane Irene, a one week extension from September 15th until September 22nd to file returns.  The preparer must be located in an area that was under an evacuation order or a severe weather warning, but does not need to be . . . → Read More: IRS Grants One Week Extension for Preparers Located in Areas Affected by Hurricane Irene

Time for Your Mid-Year Financial Check-Up

Hello:  
Half the year is over – do you know how you are doing financially?
Now is the time to review and make adjustments to avoid year end surprises.

Verification and set up of all accounts needed to track tax deductions
Correction of bookkeeping entries that could skew net income figures
Review of cost classifications and balance sheet transactions
Verification of bank and other . . . → Read More: Time for Your Mid-Year Financial Check-Up

Welcome to Our Blog!

Welcome to our blog about accounting, bookkeeping, payroll, tax and other issues. Feel free to leave a comment, or ask a question. We moderate comments on a daily basis. Please make your comment specific to the article, to avoid being . . . → Read More: Welcome to Our Blog!

Small Business Primer for Tax Season

With the passing of the holidays, comes the necessary and dreaded task of preparing yourself and your documentation to report your earnings and deductions to the IRS.  We will go into this a little further next month, but I wanted to give you some preliminary tips to help make the process easier.

If you paid anyone acting as an independent . . . → Read More: Small Business Primer for Tax Season

Time is Running Out-2010 Only Self Employed Tax Savings

We posted this as a Hot News Flash in a separate newsletter that went out to our readers.  I wanted to be sure to include it here on the site, for those of you that don’t subscribe to the newsletter.  For tax year 2010 ONLY, you can reduce the amount of self employment tax by the amount . . . → Read More: Time is Running Out-2010 Only Self Employed Tax Savings