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IRS Webinar – Wednesday, July 27th 2011
If you do direct sales, we have found an IRS webinar that we thought you might be interested in. Hello: Verification and set up of all accounts needed to track tax deductions The Top Ten Mistakes to Avoid Learn from real life case studies: Were you surprised that your tax return didn’t match your QuickBooks? Come join us for a two hour presentation that will . . . → Read More: Stop Making Mistakes in QuickBooks! Did you know that the IRS can refuse to issue you a refund? Even though you overpaid the tax out of your hard earned money, they can refuse to give the overpayment back to you, if you file the tax return more than three years from the original date that it was due. It is estimated that . . . → Read More: Get Your 2007 Refund, Before It’s Too Late 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!  Comments are closed  Accounting & Bookkeeping, Auto, Business Taxes, General, Home Office, Personal Taxes, Small Business, Tax Information Each year there is always someone who has moved and hasn’t received all of their W-2 forms. Before you file your return, be sure that you have all the needed documents to avoid having to amend the return in the future. Some other documents that may be slow to arrive in your mailbox include student loan interest . . . → Read More: Are You Missing a W-2? Due to the slow response of legislation to either extend or eliminate Bush era tax cuts, many taxpayers will have to wait to e-file their returns. IRS is currently scrambling to update the forms to comply with the recent Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act legislation. Those forms affected include: Schedule A, Itemized Deductions Form 3800, General . . . → Read More: Delays In E-Filing of Tax Returns 11 comments Business Taxes, Personal Taxes, Tax Information  2011, Alternative Vehicle Credits, Bush era tax cuts, Casualties and Thefts, E-File, educator expenses, First Time Homebuyer Credit, Form 4584, Form 5405, Form 8917, General Business Credit, IRS, itemized deductions, Schedule A, tax, Tax Relief, tax return filing, Tuition and Fees Deduction, Unemployment Insurance Reauthorization and Job Creation Act 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 Leave a comment Accounting & Bookkeeping, Auto, Business Taxes, Home Office, Small Business, Tax Information accounting, accounts payable, accounts receivable, asset, bookkeeping, depreciation, form 1099 misc, home office, independent contractor, inventory, IRS, nonemployee compensation, payroll, prepaid expenses, reconciliation, tax, vehicle, W-9, year end 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 At Seacoast Accountability, we get asked all the time, “What is the easiest way for me to organize all of those receipts?” I am going to take you through the process of organizing that pile, checking for missed receipts, and how to file it all away so you can find it in the event of an audit. I . . . → Read More: From the Shoe Box to the Tax Return I know, you were expecting another informative article about taxes or accounting, but I think I will get a little personal with this post. I am hoping that some of the new business readers will get something out of it. Another year has come and is about gone. The time really flies when you are a business owner. . . . → Read More: How Seacoast Accountability Got To Its Third Year In Business Complete information for taking the Home Office Deduction can be found in IRS Publication 587. The deduction is calculated on Form 8829, which transfers to Schedule C. It should be noted that employees who receive a W-2 may also be eligible to claim a home office as an itemized deduction, however this information is not covered . . . → Read More: Seacoast Accountability’s Small Business Tax Tip-The Home Office Deduction |
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