Category Archives: Business Taxes and Accounting

Learn more about managing Business Taxes and QuickBooks Accoounting

Beware the 3.8% Investment Surtax

Posted on May 30, 2014 by

Plan now to save yourself from this new tax on investment income. If you meet the income thresholds below and have net investment income, an additional 3.8% tax will be due. This tax went into effect on January 1, 2013. … Continue reading →

Posted in Business Taxes and Accounting, Individual Taxes | Leave a comment

NEW S-Corp Late Filing Election Procedure

Posted on October 2, 2013 by

Filing a late S-Corporation Election is now much easier and has a longer or no deadline for many filers. Previously, if a business intending to be taxed as a Sub-chapter S Corporation failed to to file a timely election, but … Continue reading →

Posted in S-Corp Taxes, Tax News | Leave a comment

2012 Small Business Calendar Available

Posted on December 13, 2011 by

Order the IRS Small Business Calendar and keep track of important tax and payroll dates. Did I mention that it’s free? Completely free and very handy to have around the office. I keep a few on hand to give to … Continue reading →

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Good News – Business Cell Phone Tax Deduction

Posted on September 24, 2011 by

We love good news that makes tax record-keeping easier! If  your employees use cell phones for business, the rules for deducting the expense have gotten much easier. Previously, a cell phone was considered by the IRS to be “listed property,” … Continue reading →

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Beware the IRS Mistake in Your Favor

Posted on May 26, 2011 by

According to the National Association of Tax Preparers newsletter, the IRS is issuing refund checks to certain taxpayers …. by mistake! I wouldn’t cash that check you receive (without checking with me or another tax preparer) if the letter that … Continue reading →

Posted in Business Taxes and Accounting, S-Corp Taxes, Schedule C Tax Returns | Leave a comment

Tax Savvy for Small Business Book Review

Posted on March 25, 2011 by

Tax Savvy for Small Business is a clear and handy guide to many aspects of small business taxation. If you own a business, I recommend you leaf through it and then sit down and read the sections relevant to your … Continue reading →

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Late Filing Your S-Corp Election Part 1

Posted on March 9, 2011 by

Did you just realize that no one filed the one piece of paper that changed your C-corporation or LLC into an S-corporation? The election to S-corp should have been filed the year before it applies or within 2 months and … Continue reading →

Posted in S-Corp Taxes | Tagged , , , | 2 Comments