Business Taxes

IRS Worker Classification: Independent Contractor vs Employee

November 2, 2011

If you're a business owner who utilizes independent contractors, it is crucial for you to be aware of the differences between an independent contractor and an employee in… Read More

Who Gets Audited by the IRS?

October 25, 2011

Are you worried about being audited by the IRS? Do you know whether or not you fall into a high-target area for an IRS audit? Even though most… Read More

How to Calculate and Pay 2011 Self-Employment Taxes

September 21, 2011

If you are thinking of becoming self-employed, it is important to consider the tax impact and to understand the new tax reporting requirements that you will be subject… Read More

IRS Tax Relief and Deductions Available After Hurricane Irene

September 7, 2011

If you experienced damages and losses as a result of Hurricane Irene, you may be able to take tax deductions at tax time to help offset the expense.… Read More

When to Fire an Accountant or CPA and How to Go About Doing It

August 31, 2011

Most businesses and individuals with complicated tax returns require the help of a certified public accountant (CPA). A good CPA not only files your taxes, but also analyzes… Read More

California Sales Tax to be Collected by Amazon, Overstock, Others

July 6, 2011

A new California tax collection requirement mandates that large out-of-state retailers, such as Amazon.com and Overstock.com, collect sales taxes on all online purchases made by customers in the… Read More

IRS Form 8300: Q&A on Reporting Cash Payments Over $10K

May 11, 2011

Individuals who have received over $10,000 in cash payments must understand how to report this income and which forms are necessary. To ensure that you are reporting and… Read More

TurboTax Review: TurboTax 2011 Edition for 2010 Taxes

February 1, 2011

Each year millions of taxpayers gather documents needed to file their annual tax return.  Many of these taxpayers will hand these documents over to an accountant or other… Read More

Why the Richest Americans Pay the Least Amount of Taxes

December 15, 2010

On the surface, the American taxation system is progressive, meaning that those who make more money pay more in taxes. This kind of thinking stems from the belief… Read More

2010 Year End Business Tax Planning: Ways to Pay Less

December 13, 2010

As a business owner, you're probably looking for ways to reduce your tax obligations. With only a couple weeks left in the 2010 tax season there are a… Read More