Business Taxes

Guide to Avoid Owing Taxes on 1099 Income

December 10, 2019

If you've recently landed a gig driving for Uber, walking dogs for Rover, shopping for Instacart, or doing odd jobs on TaskRabbit, you need to be aware that… Read More

Would Clinton’s Corporate Tax Plans Really Hurt Big Businesses?

October 3, 2016

Why are some of Hillary Clinton's largest donors to her campaigns big companies? Clinton plans to raise tax rates, but will it hurt big corporations? Read More

5 Tax Tips for Starting a New Business

October 7, 2014

Starting a business requires a significant amount of planning but the more prepared you are, the greater the odds of success. One of the most important things entrepreneurs… Read More

IRS Plans to Step Up Small Business Audits in 2013

November 7, 2012

In an effort to close the $450 billion tax gap, the Internal Revenue Service has announced that it will increase audits of small businesses in 2013. The IRS… Read More

Mitt Romney Proposed Tax Changes if Elected President

October 30, 2012

Mitt Romney proposes to make the Federal tax code fairer, flatter, and simpler if he is elected President of the United States. His tax proposal has come under much… Read More

Tax Tips for Independent Contractors

May 29, 2012

Independent contractors are not employees of another company, which means they have different tax requirements than individuals who receive a W2 from their employer. Independent contractors are self-employed,… Read More

IRS Form 1099-K: What Online Sellers Need to Know

March 29, 2012

If you use an online marketplace - such as Amazon, eBay or Etsy - to run your small business, the IRS may be taking a closer look at… Read More

2011 Business Reporting Requirements for 1099-MISC

January 10, 2012

If you are a small business owner who pays independent contractors, service providers and other individuals for freelance or contract work, you are required to issue IRS Form… Read More

2012 IRS Standard Mileage Tax Deduction Rate?

December 23, 2011

The 2012 IRS mileage rates (2013 IRS mileage rates) vary depending on whether you are claiming mileage for business travel, moving expenses, charitable work or medical-related traveling. Each… Read More

Backup Withholding Tax Rate: When it Applies & IRS Notifications

November 30, 2011

If you are an employer or some other entity that makes payments, you must withhold taxes from your employees' paychecks and certain other payments that you issue. However,… Read More