November 21, 2018
Share this cute video with the little ones in your life as we remember the true origins of the Thanksgiving
November 20, 2018
The following article was published by the IRS.
More families will be able to get more money under the newly-revised Child Tax Credit, according to the Internal Revenue Service.
The Tax Cuts and Jobs Act (TCJA), the tax reform legislation passed in December 2017, doubled the maximum Child Tax Credit, boosted income limits to be able to...
November 15, 2018
The following article was published by the SBA.
When it comes to deciding on the type of franchise business you want to own, there are several factors to consider.
The business location, how many people you’ll employ,...
November 14, 2018
The new 20% Qualified Business Income deduction is now available to small business owners, courtesy of tax reform. Learn how the QBI deduction works, what entities are eligible, the phaseout ranges, the restrictions, and how...
November 13, 2018
The following article was published by the IRS.
With just weeks left in tax year 2018, the Internal Revenue Service urges small business owners to learn about how the new tax law changes may affect them.
The Tax Cuts and Jobs Act, passed in December 2017, made tax law changes that will affect virtually every business and individual in...
November 8, 2018
The following article was published by the SBA.
Bad online reviews can cause potential customers to shop elsewhere, negatively impacting your business’ bottom line. If your business has received a bad online review, here are steps you can take...
November 7, 2018
Some ways to save on income tax are obvious; others, not so much. Still, there are plenty of ways to be wise with your income and tax planning. You can start with these 17
November 6, 2018
The following article was published by the IRS.
Before applying for tax-exempt status, a charitable organization must determine whether it is a trust, corporation or association. After that, there are three additional steps to take:
1) Gather organization documents.
Each application for...
November 1, 2018
The following article was published by the SBA.
Starting a business takes planning, making important financial decisions, and completing a series of legal activities. You will need to set goals, put plans into action,...
October 31, 2018
Learn the difference between tax preparation and tax planning. Find out what steps you or your business should take before year end - and what actions you can actually take after Dec. 31, 2018 that will still count for your...
October 30, 2018
The following article was published by the IRS.
Retirees should do a Paycheck Checkup to make sure they are paying enough tax during the year by using the Withholding Calculator, available on IRS.gov. The Tax Cuts and Jobs Act, enacted in December 2017, changed the way tax is calculated for most taxpayers, including...
October 25, 2018
The following article was published by the SBA.
If you want to become a successful franchisee, there are certain things you need to do.
Clearly, some of them need to be done before you sign your franchise agreement. They include choosing the right...
October 24, 2018
Tax reform changed the tax treatment of the meals and entertainment deduction. Find out the details in this
October 23, 2018
The following article was published by the IRS.
Before applying for tax-exempt status, a charitable organization should determine if it’s one of the following:
Trust
A trust is formed under state law. An organization should review the law in the state where it is organized. For a trust to...
October 18, 2018
The following article was published by the SBA.
Whether it’s for a formal business plan, a lean business plan, or just optimizing management, if you create, manufacture, develop, or publish products of any kind, your business can benefit from product planning....
October 17, 2018
The IRS has revamped their charitable organization search tool, formerly called Select Check and now called the Tax Exempt Organization Search (TEOS). The TEOS tool lets you see organizations eligible to receive tax-deductible...
October 16, 2018
The following article was published by the IRS.
Certain U.S. citizens or resident aliens, specifically contractors or employees of contractors supporting the U.S. Armed Forces in designated combat zones, may now qualify for the foreign earned income exclusion.
The Bipartisan Budget Act of 2018, enacted in February, changed the tax home...
October 11, 2018
The following article was published by the SBA.
Does your business rely on seasonal customers? Whether you own a surf school, a patio furniture store or an ice cream shop, you know how slow business can get during the off-season. Try these marketing...
October 10, 2018
All employers should be alert to a dangerous Form W-2 email scam. It's a threat to both tax data and employees. The emails appear to come from someone in authority asking for a copy of last year's W-2s.
Once the W-2s are in the...
October 9, 2018
The following article was published by the IRS.
Taxpayers who pay for higher education in 2018 can see tax savings when they file their tax returns. If taxpayers, their spouses or their dependents take post-high school coursework, they may be eligible for a tax benefit.
There are two credits available to help taxpayers offset the costs of...
October 4, 2018
The following article was published by the SBA.
If you want to become a successful franchisee, there are certain things you need to do.
Clearly, some of them need to be done before you sign your franchise agreement. They include choosing the right...
October 3, 2018
If you or your children are attending college, you could save money just by filing a tax return. You could get up to $2,500 for the American Opportunity Tax Credit for each eligible student, or up to $2000 for the Lifetime Learning...
October 2, 2018
The following article was published by the IRS.
The Internal Revenue Service and Department of the Treasury have announced their intent to issue regulations on three recent tax law changes affecting popular 529 education savings plans.
Notice 2018-58, addresses a change included in the 2015 Protecting Americans From Tax Hikes...
September 27, 2018
The following article was published by the SSA.
Social Security is here for young people when a parent passes away. We know that the loss of a parent isn’t just emotionally painful; it can be devastating to a family’s finances. In the same way that Social Security helps to lift up the disabled and elderly when they need it, we support...
September 26, 2018
By this point in the season, you're likely aware of just how much damage can be caused by hurricanes, tornadoes, and the like? Have you prepared your home or business for a potential natural disaster, including safeguarding important...
September 25, 2018
The following article was published by the IRS.
Everyone should know how the IRS contacts taxpayers. This will help people avoid becoming a victim of scammers who pretend to be from the IRS with a goal of stealing personal information.
Here are some facts about how the IRS communicates with taxpayers:
September 20, 2018
The following article was published by the SBA.
The U.S. Small Business Administration is committed to ensuring America’s 30 million small businesses have the resources they need to address any...
September 19, 2018
If you're trying to get out of debt or increase your savings, you probably hope to start seeing results quickly. Here are five tips that can get you on the right road to seeing your nest egg growing in the near
September 18, 2018
The following article was published by the IRS.
The Internal Revenue Service today is advising certain veterans who received disability severance payments after January 17, 1991, and included that payment as income that they should file Form 1040X, Amended U.S. Individual Income Tax Return, to claim a credit or refund of the overpayment...
September 13, 2018
The following article was published by the SBA.
Purchasing a franchise involves many steps — and a lot of time and effort.
But, if you’re organized, and you’ve taken the time to learn all you can about franchising, you’ll be...
September 12, 2018
With talk in the news of a recession possibly brewing in the months ahead, what should you believe? Here's what ten experts had to
September 11, 2018
The following article was published by the IRS.
IRS.gov is a great place for taxpayers to visit when they have questions about the Tax Cuts and Jobs Act. The legislation, which was passed late last year, includes changes to many areas of the tax law. Here are some of the resources on IRS.gov that will help individual taxpayers, businesses and the...
September 6, 2018
The following article was published by the SSA.
Most people know at least something about Social Security. For decades, Social Security has been providing valuable information and tools to help you build financial security. Here’s your...
September 5, 2018
If you owe taxes, you may hear from a private collection firm contacting you on behalf of the IRS. Find out how to know the difference between an authorized collection firm and a
September 3, 2018
The following article was published by the IRS.
Like-kind exchanges -- when you exchange real property used for business or held as an investment solely for other business or investment property that is the same type or “like-kind” -- have long been permitted under the Internal Revenue Code. Generally, if you make a like-kind...
August 30, 2018
The following article was published by the SBA.
Summertime, and the livin’ is easy. For many small business owners, August’s steamy days bring a brief lull before things pick up again in the fall. That makes now a good time to catch up...
August 29, 2018
If you've changed your name after a recent marriage, divorce, or for some other reason, make sure you notify the Social Security Administration before you file your tax return. Otherwise, IRS computers can't match your...
August 28, 2018
The following article was published by the IRS.
Anyone with tax questions can just grab their phone for answers. The IRS has a mobile app, IRS2Go, which is available for free to use on Android and iOS devices. It’s also available on Amazon. Taxpayers use the app to:
August 23, 2018
The following article was published by the SSA.
What kind of questions do you and your friends ask about Social Security? When do my benefits arrive? What are Social Security work credits, and do they have anything to do with the way my...
August 22, 2018
The talk of tariffs has dominated the news in recent months...but what does it all mean, and why is President Trump initiating tariffs? Here is a brief definition of how it all
August 21, 2018
The following article was published by the IRS.
As part of a larger effort to help taxpayers, the Internal Revenue Service plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season.
The new 1040 – about half the size of the...
August 16, 2018
The following article was published by the SSA.
Recently the United States Government announced several new tariff increases. The U.S. Department of Commerce implemented tariffs on steel and aluminum imports for national security...
August 15, 2018
In light of tax reform changes, it's important that you do a "paycheck checkup" to make sure you're withholding enough tax so you don't have a surprise come tax time. Here's a step-by-step guide to walk you through the...
August 14, 2018
The following article was published by the IRS.
Many people don’t really think about taxes once the tax season is over…but people promoting scams do. Each year, the IRS releases the top 12 scams, known as the Dirty Dozen. The schemes range from simple refund inflation to technical tax shelter deals.
Here’s a review...
August 9, 2018
The following article was published by the SSA.
If you’re considering becoming the owner of a franchise business, it’s important to make sure you’re looking into franchises that are the right fit.
But finding the right franchise...
August 8, 2018
August 7, 2018
The following article was published by the IRS.
Taxpayers who sell a home may qualify to exclude from their income all or part of any gain from the sale. Below are some things taxpayers should keep in mind when selling a home:
Ownership and use. To claim the exclusion, the homeowner must meet the ownership and use...
August 2, 2018
The following article was published by the SSA.
Choosing which business structure is right for you is a crucial step when starting a business. The entity you select has legal, financial, and operational implications. Here are three...
August 1, 2018
If you received an IRS letter about your Form 944 employment taxes, don't panic - just get informed.
You may have simply filled out the wrong form, or the IRS may need more information about your federal tax deposits. Be sure to...
July 31, 2018
The following article was published by the IRS.
People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit for low- and moderate-income workers, according to the Internal Revenue Service.
The Tax Cuts and Jobs...
July 26, 2018
The following article was published by the SSA.
Social Security officials are warning citizens about ongoing Social Security Administration (SSA) impersonation schemes, including suspicious phone calls claiming to be from...
July 25, 2018
If you have medical or dental expenses, you may still be able to deduct some of them. See if your expenses are more than 7.5% of your adjusted gross
July 24, 2018
The following article was published by the IRS.
The IRS reminds taxpayers that the agency does not initiate contact with taxpayers by email or text messages to request personal or financial information. This includes requests for PIN numbers, passwords or similar information for credit cards, banks and other financial accounts.
This is...
July 19, 2018
The following article was published by the SSA.
Retirement doesn’t have the same meaning for everyone. Some people plan to retire and never work again. Some people plan for second careers in occupations that wouldn’t have adequately supported their families, but they do the work for pure enjoyment. Some people, whether by design or...
July 18, 2018
Even if you hire a third party to handle your employment tax obligations, it's important to monitor EFTPS
July 17, 2018
The following article was published by the IRS.
Before starting a summer job, taking a vacation or sending the kids off to camp, the Internal Revenue Service wants taxpayers to know that some summertime activities may qualify for tax credits or deductions. The IRS also recommends that taxpayers check the amount of their withholding taxes now to...
July 12, 2018
The following article was published by the SBA.
As a small business owner, if you’re in the startup phase or are ready to scale your existing business, you may be searching for unsecured business funding to grow your...
July 11, 2018
Income made from part-time or summer jobs needs to be claimed on your tax return. Fill out a Form W-4 to be sure the correct amount is
July 10, 2018
The following article was published by the IRS.
Taxpayers who make an effort to comply with the law, but are unable to meet their tax obligations due to circumstances beyond their control, may qualify for relief from penalties.
After receiving a notice stating the IRS assessed a penalty, taxpayers should check that the information in...
July 6, 2018
The following article was published by the SBA.
Good software can enable your small business to increase sales by saving time and money while expanding capacity.
But you must choose wisely — because the wrong software can be an expensive...
July 5, 2018
July 3, 2018
The following article was published by the IRS.
Every year the IRS mails millions of letters to taxpayers for many reasons. Here are some tips and suggestions for taxpayers who receive one:
Don’t ignore it. Most IRS letters and notices are about federal tax returns or tax accounts. Each notice deals with a specific...
June 28, 2018
The following article was published by the SBA.
Being in business is exciting but it also means facing challenges and risks every day. These risks and threats to your business can come from innumerable sources, including economic conditions, lawsuits,...
June 27, 2018
Did you know that you can access some of your own tax information on IRS.gov? Just go to IRS.gov/account to get started. You can view your account balance, pay your taxes, and access your tax
June 26, 2018
The following article was published by the IRS.
The Internal Revenue Service is advising those now receiving tax bills because they filed on time but didn’t pay in full that there are many easy options for paying what they owe to the IRS.
If a tax return was filed but the balance due remains unpaid, the taxpayer will receive a...
June 21, 2018
We are seeking a senior tax accountant for the 2019 tax season. The work will entail senior level tax review and some preparation - individual, partnership, S-corporation, C-corporation, trust & gift. A qualified individual should possess a high degree of independent thinking and be able to communicate well with company employees and clients. This position also requires a high degree of...
June 21, 2018
Bruno PC in Plymouth is looking for a Tax Supervisor/Manager. We aren’t your ordinary accounting firm. Having recently moved to a new business model, we are seeing lots of growth and opportunity. We don’t just do taxes. We are a Next-Generation Accounting Firm that works with our clients year-round to make sure they stay financially healthy between tax seasons. This is creating an...
June 21, 2018
The following article was published by the SBA.
For this blog about Hurricane Season preparedness, we thought it would make sense to get some business continuity tips from a real expert—a business owner who survived multiple...
June 20, 2018
If you give money or property to someone as a gift, you as the giver may need to file a federal gift tax return if your gift is more than a certain dollar limit, known as the annual exclusion amount. IRS...
June 19, 2018
The following article was published by the IRS.
Taxpayers who sell a home may qualify to exclude from their income all or part of any gain from the sale. Below are some things taxpayers should keep in mind when selling a home:
Ownership and use. To claim the exclusion, the homeowner must meet the ownership and use...
June 14, 2018
The following article was published by the SBA.
Back in the early 2000s, I was at a party when one of the guests mentioned he was hooked on podcasts. “Huh?” was the primary response, as few of us knew what he was even talking about. My, how things have changed.
Today, nearly two-thirds of Americans are familiar with podcasts,...
June 13, 2018
As we head into hurricane season, have you considered how to prepare in the event of a natural disaster? This includes safeguarding your tax forms and other financial records. If you own a business, make sure you have a plan for...
June 12, 2018
The following article was published by the IRS.
Taxpayers who owe tax and file their federal income tax return more than 60 days after the deadline will usually face a higher late-filing penalty. For that reason, the Internal Revenue Service urges affected taxpayers to avoid the penalty increase by filing their return by Thursday, June...
June 7, 2018
The following article was published by the SBA.
Let's first define the term “recession-proof,” so you know exactly what I’m going to be referring to here. When something is recession-proof, it refers to a company, sector, asset or...
June 6, 2018
As we approach hurricane season, it's a good time for businesses and individuals to review your disaster plan, or put one in place if you don't already have one.
This includes safeguarding important documents,...
June 5, 2018
The following article was published by the IRS.
The Internal Revenue Service encourages taxpayers who typically itemized their deductions on Schedule A of the Form 1040 to use the Withholding Calculator this year to perform a “paycheck checkup.”
People who have itemized before may be affected by changes from the Tax Cuts and...
May 31, 2018
The following article was published by the SBA.
When it comes to business credit, there’s no standard scoring model for assessing risk. Lenders, suppliers, banks, leasing companies, businesses, and finance companies all use different reports and...
May 30, 2018
The IRS does not contact taxpayers by email. If you get an email claiming to be from the IRS and asking you to provide any confidential information - DON'T. Identity thieves could steal your...
May 29, 2018
The Internal Revenue Service has provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect:
Changes to the deduction for move-related vehicle expenses. The Tax Cuts and Jobs Act suspends the deduction...
May 24, 2018
The following article was published by the SBA.
Eighty percent of all U.S. small businesses have no employees. The number of non-employee businesses is expected to grow in coming years, due in part to the expansion of the gig economy (e.g., Uber,...
May 23, 2018
Use the IRS Withholding Calculator on IRS.gov to do a "paycheck check-up". Here are some tips on how to use
May 22, 2018
The following article was published by the IRS.
During the summer, taxpayers often rent out their property. They usually think about things such as cleanup and maintenance, but owners also need to be aware of the tax implications of residential and vacation home rentals.
If taxpayers receive money for the use of a house that’s also...
May 17, 2018
The following article was published by the SBA.
Customer testimonials are still effective marketing tools. Given Americans’ increasing reliance on others’ opinions when buying everything from lipstick to enterprise-level...
May 16, 2018
If you're getting married this year, make sure you understand how your change in marital status will affect your federal
May 15, 2018
The following article was published by the IRS.
The Internal Revenue Service has introduced a new online tool on IRS.gov designed to provide faster, easier access to publicly available information about exempt organizations.
"This new tool provides taxpayers an easy way to get information about charitable organizations," said Acting...
May 10, 2018
The following article was published by the SBA.
The term Point of Sale (POS) describes the place where retail transactions are made. Think of it as the equivalent of a cash register. POS includes the hardware and software related to transactions,...
May 9, 2018
If you still owe taxes or have filed for an extension, watch this video to see all the options you have for paying your tax bill, or go to
May 8, 2018
The following article was published by the IRS.
During National Small Business Week, the IRS focused on educating employers about the employer credit for paid family and medical leave created by the Tax Cuts and Jobs Act passed last year. Employers may claim the credit based on wages paid to qualifying employees while they are on family and medical...
May 3, 2018
The following article was published by the SBA.
There’s hard work, and there’s really hard work. Owning and operating a franchise business falls under “really hard work.” Are you prepared for...
May 2, 2018
If you think you might need to reclassify your independent contractors as employees, watch this video for more information, or go to
May 1, 2018
The following article was published by the IRS.
While the federal income tax-filing deadline has passed for most people, there are some taxpayers still facing tax-related issues. This includes people who still haven’t filed, people who haven’t paid their taxes or those who are waiting for their tax refund.
The IRS offers these...
April 26, 2018
The following article was published by the SBA.
SCORE found that of the 28.8 million small businesses in the U.S., 19% are family-owned businesses (any business in which two or more family members operate the company and the majority control lies within the...
April 25, 2018
Did you forget to claim a tax credit or need to correct your tax return for some other reason? Watch this video for tips on amending your tax
April 24, 2018
The following article was published by the IRS.
Generally, income received in the form of tips is taxable. Here’s some information to help taxpayers correctly report the income they receive as a tip:
April 19, 2018
The following article was published by the SBA.
There are certain pages every website can’t be without. A small business’s site needs to give visitors what they are most likely to be looking for.
If you’re getting a...
April 18, 2018
So, you've just received your tax return in the mail. Here are the smartest ways to spend your tax return to get the most bang for your
April 17, 2018
The following article was published by the IRS.
All taxpayers should file their taxes on time, even if they can’t pay what they owe. This saves them from a potential failure-to-file penalty. While taxes are due by the original due date of the return, some taxpayers are unable to pay them by the deadline.
Here are some tips for those...
April 12, 2018
The following article was published by the SBA.
April is National Volunteer Month, a time to recognize the people who give their time and talents to benefit others. At SCORE, our volunteers are the lifeblood of our organization as they enable us to fulfill our mission of helping entrepreneurs start and grow their small businesses.
April 11, 2018
If you didn’t file a tax return, you still may be due a refund. Find out how to claim your money before time runs out. Go to www.irs.gov/unclaimedrefunds
April 10, 2018
The following article was published by the IRS.
To ensure they meet their tax obligations, taxpayers should file accurate tax returns. If a taxpayer makes an error on their tax return, it will likely take longer to process and could delay a refund. Taxpayers can avoid many common errors by filing electronically, the most accurate way to file a tax...
April 6, 2018
The following article was published by the SBA.
Wouldn’t it be great if you could literally do two things at once?
Well, you can, through franchising. I’ll explain.
A Typical Franchise Opportunity
Today’s typical franchise opportunity requires franchisees to be actively involved in running...
April 4, 2018
Find out how you can maintain, monitor and protect your electronic filing identification number
April 3, 2018
The following article was published by the IRS.
Taxpayers who have questions about the Tax Cuts and Jobs Act have several resources that will help answer questions. The legislation, passed in December 2017, changes many areas of the tax law. Here are some of the resources on IRS.gov that will help...
March 29, 2018
The following article was published by the SBA.
A tax credit reduces your tax bill dollar for dollar, making it a valuable write-off if you can claim it. There are a number of tax credits that may reward you for taking...
March 28, 2018
Make sure you are having the right amount of tax taken out of your paycheck now that the tax laws have changed. Watch this video for more
March 27, 2018
The following article was published by the IRS.
To help taxpayers, the IRS updated the special Withholding Calculator tool on IRS.gov to reflect changes in the Tax Cuts and Jobs Act passed in December.
With most employees seeing withholding changes in their paychecks, the IRS recommends taxpayers use the Withholding Calculator to do a...
March 22, 2018
The following article was published by the IRS.
You’ve probably heard of “brand advocates” who help promote products they use on social media. (Maybe you even have some online brand advocates of your own.) But did you realize that your business has brand advocates off-line as well?
The concept of brand advocates has been...
March 21, 2018
Did you recently filed your tax return and wonder when you'll get your refund? Watch this video and find out, or go to
March 20, 2018
The following article was published by the IRS.
Many taxpayers may need to take out money early from their Individual Retirement Account or retirement plan. Doing so, however, can trigger an additional tax on early withdrawals. They would owe this tax on top of other income tax they may have to pay. Here are a few key points to...
March 15, 2018
The following article was published by the SBA.
March 29 is National Mom and Pop Business...
March 14, 2018
Watch this video to find out if you have to file a tax return this year. Go to https://www.irs.gov/filing for
March 13, 2018
The following article was published by the IRS.
Scammers and cyberthieves continue to use the IRS as bait. The most common tax scams are phone calls and emails from thieves who pretend to be from the IRS. Scammers use the IRS name, logo, fake employee names and badge numbers to try to steal money and identities from taxpayers.
Taxpayers...
March 8, 2018
The following article was published by the SBA.
The need for good business planning is as strong as ever, and the potential benefits are as important as ever. Every business owner ought to have a business...
March 7, 2018
If you get a letter from the IRS proposing changes to your tax return (IRS CP2000), watch this video to learn how to respond. For the fastest results, use the phone number on the letter to contact the...
March 6, 2018
The following article was published by the IRS.
The Internal Revenue Service announced recently that S corporations are subject to the extended three year holding period for applicable partnership interests and that regulations will be issued soon.
Carried interests are ownership interests in a partnership that share in the...
March 1, 2018
The following article was published by the SBA.
Have you ever thought about starting a B2B franchise?
B2B, short for business-to-business, is a sector of franchising that’s a bit under the...
February 28, 2018
Watch this video to find out about the Earned Income Tax Credit and to see if you qualify for it. Learn more at
February 27, 2018
The following article was published by the IRS.
The Internal Revenue Service is reminding farmers and fishers about the March 1 deadline to take advantage of special rules that can allow them to forgo making quarterly estimated tax payments.
Anyone with income from a farming or fishing business may be able to avoid making any estimated tax...
February 22, 2018
The following article was published by the SBA.
Facebook, Twitter, Instagram, and more — social media can be pretty overwhelming at times. But hold on!
Success in social media may not be nearly as...
February 21, 2018
Watch this video for help in using the tools on the IRS website to get answers to your tax
February 20, 2018
The following article was published by the IRS.
The Internal Revenue Service recently reminded taxpayers and tax professionals that they will be asked to verify their identities if they call the IRS. This is part of the agency’s efforts to keep taxpayer data secure from identity thieves.
Days before and after Presidents Day mark...
February 15, 2018
The following article was published by the SBA.
As individuals we spend years establishing, managing and protecting our good personal credit ratings. With strong personal credit, access to...
February 14, 2018
Find out the situations in which you should consider paying estimated
February 13, 2018
The following article was published by the IRS.
With the 2018 filing season in full swing, the Internal Revenue Service recently offered taxpayers some basic tax and refund tips to clear up some common misbeliefs.
Myth 1: All Refunds Are Delayed
The IRS issues more than nine out of 10 refunds in less than...
February 8, 2018
February 11 is "Don't Cry Over Spilled Milk Day." What better time for entrepreneurs to come to terms with the fact that setbacks happen—and that wallowing in them serves no productive purpose?
Along with the elation of meeting business milestones, moments arise when not everything goes according to plan.
For instance, consider the following hypothetical...
February 7, 2018
Learn the benefits of a Roth IRA and how it compares to a traditional IRA. There are pros and cons to both types, but which one is right for
February 6, 2018
The following article was published by the IRS.
The IRS is now accepting tax returns as the annual tax filing season is underway. The IRS expects taxpayers to file more than 155 million returns this year. Here are some things for taxpayers to consider as they are filing:
February 1, 2018
The following article was published by the SBA.
When it comes to online advertising, there’s a powerful technique called “retargeting.” On Google Adwords the...
January 31, 2018
Do you have employees and wonder which form to file for their withholding taxes? Watch this video to find
January 30, 2018
The following article was published by the IRS.
With the tax filing season kicking off today, the IRS reminds taxpayers about tools that will help answer questions. Taxpayers can access Publication 17, the Interactive Tax Assistant, and Where’s My Refund? on IRS.gov.
January 26, 2018
The following article was published by the SBA.
What do you think of when you hear the phrase “business plan?” Does that bring to mind a formal document that starts with a summary and includes modules describing your business’s products, market,...
January 24, 2018
If you file early and claim the Earned Income or the Additional Child Tax Credits, expect your refund to arrive in your bank account or on your debit card starting Feb. 27,
January 23, 2018
The following article was published by the IRS.
Grandparents who work and are also raising grandchildren might benefit from the earned income tax credit. The IRS encourages these grandparents to find out, not guess, if they qualify for this credit. This is important because grandparents who care for children are often not aware that they could...
January 18, 2018
The following article was published by the SBA.
As a startup with little to no business history, what are some quick ways to get funding?
First, it’s important to understand...
January 17, 2018
Choose your tax preparer wisely and make sure s/he meets IRS requirements. For more information, go to
January 16, 2018
The following article was published by the IRS.
The IRS extended the 2018 due date for certain employers and health coverage providers to furnish 2017 health coverage information forms to individuals. The following organizations now have until March 2, 2018, to provide Forms
January 11, 2018
The following article was published by the SBA.
January is here, and it’s back to business as usual.
Or is it?
After a holiday break filled with eating, drinking, and being merry, chances are you may be feeling the winter...
January 10, 2018
If you are new to investing and wonder what some of the terms mean, here's a video that will help explain what a bull market
January 9, 2018
The following article was published by the IRS.
As taxpayers prepare for the January 29 start of filing season, they should consider a direct deposit of any refunds due. It’s easy, safe, fast...
January 4, 2018
The following article was published by the SBA.
What can your small business do differently in 2018 to boost the results of your marketing efforts? Here are seven marketing resolutions every entrepreneur should make for the coming year.
1. I resolve to build relationships with customers. Consumers and B2B buyers alike have seemingly...
January 3, 2018
New Year's resolutions always start out with the best of intentions, but in most cases fail. Here's how to make financial resolutions that you can actually stick
January 2, 2018
The IRS uses social media tools to share the latest information about taxes, as well as about services offered to taxpayers. With just a couple months before people start filing their taxes, it’s the perfect time for taxpayers and tax preparers to connect with the IRS through these social media tools:
IRS2Go
Taxpayers can use
December 28, 2017
The following article was published by the SBA.
I’d like you to grab a pen and paper and quickly write down the first three franchises that come to mind.
When you’re done, look below to see if...
December 27, 2017
Are you new to investing? Here's a short video by Fidelity explaining what a share
December 26, 2017
The following article was published by the IRS.
The IRS recently announced that it has extended the 2018 due date for certain entities to provide 2017 health coverage information forms to individuals. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 2, 2018, to provide...
December 21, 2017
Small businesses employ almost half of all workers in the United States and have been responsible for much of the post-2008 economic recovery through their hiring efforts.
Over the past year, hiring activity has been on an upward trend for small businesses, with plans to add workers hitting the highest level since 1999.
SCORE’s latest Megaphone of Main Street Small...
December 20, 2017
Regardless of your political opinion regarding tax reform, Congress has now officially passed legislation, leaving President Trump's signature the only remaining step before it...
December 19, 2017
The following article was published by the IRS.
Passwords are often the key to guarding access to personal information and data stored on computers or sent over email. Because most taxpayers file their returns electronically and access account information online, it is critical for taxpayers to not only create strong passwords for all tax-related...
December 14, 2017
The following article was published by the SBA
As an independent retailer, you’ve got to use every weapon in your arsenal to get shoppers into your store this holiday season. But you...
December 13, 2017
Watch this video for help in filing Forms W-2, W-3, and some Forms 1099-MISC by the Jan. 31 due date. Also, learn about a new law change concerning extensions. For more information, go to
December 12, 2017
The following article was published by the IRS.
With the online holiday shopping season in full swing, it’s the perfect time for all taxpayers to take steps to protect their identities and personal data. This year, the IRS kicked off this annual event with
December 8, 2017
The following article was published by the SBA.
According to Bank of America’s Fall 2017 Small Business Owner Report, 35%of small businesses plan to offer year-end bonuses. These bonuses are an important way to retain good employees, especially during...
December 6, 2017
Make sure you don't miss a tax due date by using the IRS tax calendar. To learn more, go to
December 5, 2017
The following article was published by the IRS.
Taxpayers can take steps to ensure smooth processing of their 2017 tax return next year. Here are three things taxpayers should know about the tax returns they will file next year.
1) It’s important to gather documents
The IRS urges all taxpayers to file a...
November 30, 2017
The following article was published by the SBA.
Advertising can be a powerful way to deal with marketing challenges such as low brand awareness, a declining customer base or heavy competition. Or perhaps you simply have a desire to drive more foot...
November 29, 2017
Watch this video and find out the basics of trading exchange-traded funds or ETFs. ETFs currently make up about 25% of all the volume on the New York Stock Exchange.
November 28, 2017
The following article was published by the IRS.
During the holiday shopping season, shoppers are looking for the perfect gifts. At the same time, criminals are looking for sensitive data. This data includes credit card numbers, financial accounts and Social Security numbers. Cybercriminals can use this information to file a fraudulent tax...
November 24, 2017
The following article was published by the SBA.
When it comes to investigating franchise opportunities, you have lots of choices these days.
You can explore:
The list...
November 22, 2017
Watch this video to learn about short selling, how it works, and how it might benefit
November 21, 2017
The following article was published by the IRS.
With the holidays around the corner, many people will be making donations to benefit charitable organizations. However, come tax time, the person who made the donation might also benefit. That’s because taxpayers who donate to a charity may be able to claim a deduction for the donation on their...
November 16, 2017
The following article was published by the SBA.
A business credit profile is the face that a company presents to lenders, suppliers, insurance companies, lessors and other businesses when they decide whether to extend credit or do business with...
November 15, 2017
Here's a good video to watch if you want to learn about charitable giving and how to incorporate it into your financial
November 14, 2017
As the nation just celebrated Veterans Day, the IRS reminded them that they may be eligible for certain tax benefits. There are also tax benefits that can affect current members of the military.
The IRS has resources for both these groups. The following tools will help military members and veterans navigate tax issues:
Resources for veterans
November 9, 2017
The following article was published by the SBA.
Small Business Saturday is bigger than ever—and despite what you may think, it’s not just for retailers or even just for brick-and-mortar businesses. Here’s what you need to know and how to take advantage of small business’s big day.
Held on the Saturday after...
November 8, 2017
Here's a good video to watch if you've been treating your workers as independent contractors and realize you need to reclassify them as employees. For more information, go...
November 7, 2017
The following article was published by the IRS.
With 10 million taxpayers a year facing estimated tax penalties, the IRS offers some simple tips to help prevent a surprise at tax time.
People pay taxes on income through withholding on their paycheck or through estimated tax payments. Taxpayers who pay enough tax throughout the year can...
November 2, 2017
The following article was published by the SBA.
It’s not unusual to turn a hobby into a business, and that includes crafting. If you have ever thought about selling your crafts or turning your crafting love into a part-time or full-time business, here are things...
November 1, 2017
If you still owe on your tax bill, you might be eligible for a payment agreement and you may be able to do it all online. For more information, go to
October 31, 2017
The following article was published by the IRS.
Charitable organizations have 24/7 access to online courses on Stay Exempt, an IRS website. The IRS created this site to help charities better understand tax issues that affect tax exempt organizations. It...
October 26, 2017
The following article was published by the SBA.
Generally speaking, the franchise business model is a good one. Over the years, it’s enabled thousands of people to start businesses.
Those businesses have brought much-needed revenue to city coffers. They’ve also provided employment opportunities for people residing in areas where...
October 25, 2017
Watch this video to find out what you should do if you get a letter from the IRS saying your tax return is being audited. Or go to youtube.com/irsvideos and search “Understanding Your Audit Letter and Form...
October 24, 2017
The following article was published by the IRS.
The Internal Revenue Service recently announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2018. The IRS...
October 19, 2017
The following article was published by the SBA.
Should you finance or lease business equipment?
Although both options help break down the overall cost of business equipment into smaller...
October 18, 2017
Have you heard of margin trading and wonder what it means? Watch this video from Fidelity and see if this practice might help you accomplish your investment
October 17, 2017
The following article was published by the IRS.
While taxpayers will not start filing their tax returns for a few months, there are a few things they can do to make the process easier next year. Here are two things that could affect the 2017 returns they will file in 2018.
October 12, 2017
The following article was published by the SBA
It may be the season for ghosts and goblins, but ghastly creatures aren’t the only things that can haunt a small business owner. Making any one of the 7...
October 11, 2017
Roth IRAs have the potential for tax-free growth and tax-free withdrawals in retirement. Watch this video to learn about other potential benefits of a Roth IRA as
October 10, 2017
The following article was published by the IRS.
Taxpayers who requested an extension of time to file their federal tax returns have until Oct.16 to double-check their returns for tax benefits that people often overlook. These taxpayers still have time to see if they can benefit from these four credits.
Earned Income Tax...
October 5, 2017
The following article was published by the SBA.
The Pros And Cons Of Owning A Retail Franchise
The retail sector of franchising is huge.
According to a recent report* from...
October 4, 2017
The IRS has updated its website, making it easier to use. If you are away from your computer, you'll now be able to use your smartphone or tablet. Watch this video to learn about some of the new features...
October 3, 2017
The following article was published by the IRS.
The Internal Revenue Service has provided temporary relief from certain requirements of the Internal Revenue Code to allow owners and operators of low-income housing projects located anywhere in the United States and its possessions to provide temporary emergency housing to individuals who are...
September 28, 2017
The following article was published by the SBA.
Sometimes you just want or need to walk away from your business assets…they aren’t productive anymore, you can’t sell them, or you can’t continue making payments on loans used to finance their purchase. What does this mean from a tax perspective? It depends on the property and...
September 27, 2017
The IRS wants you to be prepared for disasters. Watch this video for tips on keeping your important documents safe in case of
September 26, 2017
The following article was published by the IRS.
With back-to-school season in full swing, the Internal Revenue Service reminds parents and students about tax benefits that can help with the expense of higher education.
Two college tax credits apply to students enrolled in an eligible college, university or vocational school. Eligible...
September 21, 2017
The following article was published by the IRS
The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs.
Here is information about two tax credits available to those who pay higher education costs for themselves, a spouse or a...
September 20, 2017
There are good ways and bad ways to borrow money when the need arises. This video addresses some of the most dangerous traps to avoid when looking to borrow money for any
September 19, 2017
The following article was published by the IRS.
Guess what people are doing right now? They’re starting their holiday shopping.
They may not be decking the halls yet, but 17 percent of shoppers surveyed by the National Retail Federation said they start researching holiday purchases before September, while 8 percent reported making...
September 14, 2017
The following article was publishded by the SBA.
Last week, I went to a restaurant where the servers didn’t wear uniforms. In addition, there was no consistency in the street clothes they...
September 13, 2017
Here's a reminder to file your taxes soon if you filed for an extension before April 15. Yes, it's that time of year already, and mid-October is coming up fast! Learn more at
September 12, 2017
The following article was published by the IRS.
Hurricane Irma victims in parts of Florida and elsewhere have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today.
Today’s relief parallels that granted last month to victims of Hurricane...
September 7, 2017
The following article was published by the SBA.
Over the past week, as the people of the Gulf Coast deal with the unprecedented effects of Hurricane Harvey, we have seen heartbreaking moments of tragedy, of lives...
September 6, 2017
If you are receiving income not subject to withholding taxes, then you need to make estimated payments on a quarterly basis. Watch this video for details, or go to
September 5, 2017
The following article was published by the IRS.
The Internal Revenue Service today announced special relief designed to support leave-based donation programs to aid victims of Hurricane Harvey.
Under these programs, employees may forgo their vacation, sick or personal leave in exchange for cash payments the employer makes, before Jan. 1,...
August 31, 2017
The following article was published by the SBA.
Ransomware attacks are the fastest growing malware threats. On average, more than 4,000 ransomware attacks have occurred daily since January 1, 2016. Ransomware, a type of malicious software that...
August 30, 2017
Starting a business? Then you'll need an Employer Identification Number (EIN). Watch this video for tips on how to apply for
August 29, 2017
The following article was published by the IRS.
Hurricane Harvey victims in parts of Texas have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today.
This includes an additional filing extension for taxpayers with valid extensions that run out on...
August 24, 2017
The following article was published by the SBA
Today there are 1.2 billion websites -- or one website for every seven people in the world! That’s a lot of competition. If you want to get traffic to your website, you’re going to...
August 23, 2017
This video shows the impact that taxes can have on investments using the “Rule of 72”. The Rule of 72 is a tool to help estimate how your assets could grow with a given rate of...
August 22, 2017
The following article was published by the IRS.
Mistakes happen and tax returns are no exception. Filing an amended tax return corrects information that changes tax calculations. This includes making changes to filing status and dependents, or correcting income credits or deductions. Don’t file an amended return to fix math errors because the...
August 17, 2017
The following article was published by the SBA.
Did you know more than 52% of all small businesses in the U.S. are home based?
According to the Small Business Administration, there are more than 28 million small businesses in the United...
August 16, 2017
Watch this video to learn why you should have a diversified income plan and how it can help you be prepared for risks you might face with your retirement
August 15, 2017
The following article was published by the IRS.
The Internal Revenue Service today reminded truckers and other owners of heavy highway vehicles that, in most cases, their next federal highway use tax return is due Thursday, Aug. 31, 2017.
The deadline generally applies to
August 10, 2017
For small business owners, it can be difficult to find good job candidates. Small businesses often times have to compete in the job market with large employers offering an attractive menu of fringe benefits. A possible solution for small businesses is finding workers who can be trained for the jobs they have.
Internships
Companies may want to engage...
August 8, 2017
Protect yourself against data theft, and make sure your tax professional has a data security
August 8, 2017
The following article was published by the IRS.
Taxpayers must report all gambling winnings as income. They must be able to itemize deductions to claim any gambling losses on their tax return.
Taxpayers who gamble may find these tax tips helpful:
August 3, 2017
The following article was published by the SBA.
If you plan to take out a loan for your business, buy equipment, open a business credit card – just about anything that requires borrowing money – having...
August 2, 2017
If you realize you need to amend your tax return because you forgot to claim a credit, or if you need to correct something else on your return, watch this video for
August 1, 2017
The following article was published by the IRS.
During the summer, some taxpayers may travel because of their involvement with a qualified charity. These traveling taxpayers may be able to lower their taxes.
Here are some tax tips for taxpayers to use when deducting charity-related travel expenses:
July 27, 2017
The following article was published by the SBA.
Put down the leftover hotdogs, sparklers, and souvenir American flags. Yes, summer has barely started—but if you’re a small business owner whose profitability depends on the holiday shopping season, it’s time to start planning your marketing strategy now.
Here are three...
July 26, 2017
If you are moving across state or across the country, your moving expenses will probably be tax-deductible. If you are moving across town, they might not be. Watch this video to find out which of your moving...
July 25, 2017
The following article was published by the IRS.
The Internal Revenue Service recently encouraged taxpayers to consider checking their tax withholding, keeping in mind several factors that could affect potential refunds or taxes they may owe in 2018.
Reviewing the amount of taxes withheld can help taxpayers avoid having too much or too...
July 20, 2017
The following article was published by the SBA.
Like most small businesses, you probably can’t self-insure (pay for losses out of pocket) because you can’t afford the risk for substantial financial exposure....
July 19, 2017
An IRA is a great option for some investors as a part of their retirement portfolio. Not sure if you should open a conventional IRA or a Roth IRA? This video gives great tips on using a conventional IRA with...
July 18, 2017
The following article was published by the IRS.
Members of the military may qualify for tax breaks and benefits. Special rules could lower the tax they owe or give them more time to file and pay taxes. In addition, some types of military pay are tax-free.
Here are some tips to find out who qualifies:
1. Combat Pay...
July 14, 2017
The following article was published by the SBA.
Ever wish your small business could do more for the community? Maybe you volunteer as a group or have a favorite cause, but you want...
July 12, 2017
Don't put yourself at risk! Before you click on a link or open an attachment from an email claiming to be from the IRS, watch this
July 11, 2017
The following article was published by the IRS.
The IRS mails millions of letters every year to taxpayers for a variety of reasons. Keep the following suggestions in mind on how to best handle a letter or notice from the IRS:
July 7, 2017
If you have a vacation home, condominium or boat that you sometimes rent for profit, watch this video to learn how and when to report your rental
July 6, 2017
The following article was published by the SBA.
Sam Walton was an ex-retail employee who got the idea to buy a little five and dime store in a small town in Arkansas. That small beginning eventually became Walmart, a global...
July 5, 2017
The following article was published by the IRS.
Students and teenagers often get summer jobs. This is a great way to earn extra spending money or to save for later. The IRS offers a few tax tips for taxpayers with a summer job:
June 29, 2017
The following article was published by the SBA.
I’d like to start out by telling you that it’s perfectly normal to be fearful about owning a franchise business-or any business. As a matter of fact, if...
June 28, 2017
Watch this video to learn how to renew an Individual Taxpayer Identification Number
June 27, 2017
The following article was published by the IRS.
The Internal Revenue Service today issued a warning that tax-related scams continue across the nation even though the tax filing season has ended for most taxpayers. People should remain on alert to new and emerging schemes involving the tax system that continue to claim victims.
"We continue...
June 22, 2017
For many small business owners, thinking about taxes occurs only twice a year … when returns are being prepared and perhaps at the end of the year. This is a mistake. With half of 2017 over, now is a great time to assess where you stand and to take action that will be helpful to your 2017 tax bill.
1. Meet with your tax advisor
The vast majority of...
June 21, 2017
Learn about the "Get Transcript Online" tool and what you'll need to use it. You'll need to verify who you are because the IRS wants to protect you from fraud. Get started at
June 20, 2017
The following article was published by the IRS.
The Internal Revenue Service recently announced the addition of several new features to the online account tool first introduced late last year as part of the IRS's commitment to improve and expand taxpayer services.
The online account allows individual taxpayers to access the latest...
June 15, 2017
The following article was published by the SBA.
Whether you’re more excited about firing up the grill, relaxing on the beach or being more active, the warm summer months can provide challenges for...
June 14, 2017
If you think you might be a victim of tax-related identity theft, watch this video and find out what steps to take. Visit
June 13, 2017
The following article was published by the IRS.
Small business owners that offer goods and services through an online platform may be part of the sharing economy. Some participate part time while others operate full time. Activities such as ride sharing, freelancing, renting a spare bedroom and crowd funding are usually taxable. The IRS has a...
June 8, 2017
The following article was published by the SBA.
A business credit card is an essential financial tool to keep personal and business expenses separate. “There are plenty of benefits to using a business credit card versus a personal...
June 8, 2017
If you forgot to claim a credit or need to make other corrections on your tax return, watch this video for tips on amending your
June 6, 2017
The following article was published by the IRS.
Taxpayers who have a tax debt they cannot pay may have heard that they can settle their tax debt for less than the full amount owed. It's called an Offer in Compromise.
Before applying for an Offer in Compromise, here are some things to know:
June 2, 2017
The following article was published by the SBA.
I’m sure many of you are familiar with etiquette when it comes to dining. However, did you know that there was a thing such as business etiquette? Similar to dining etiquette, these unwritten...
June 1, 2017
If you worry about if you'll have enough money saved for your retirement, watch this video from Fidelity to learn about 5 key risks that could affect your income stream in...
May 30, 2017
The following article was published by the IRS.
The IRS offers a variety of payment options where taxpayers can pay immediately or arrange to pay in installments. Those who receive a bill from the IRS should not ignore it. A delay may cost more in the end. As more time passes, the more interest and penalties accumulate.
Here are some ways...
May 26, 2017
The following article was published by the SBA.
If you have even one employee, you may be impacted by law changes occurring at your state or local level. Small business owners want to do the best they can for their workers, but often cost limits how generous...
May 25, 2017
Did you know income from a part-time or summer job is taxable? Watch this video to learn
May 24, 2017
The following article was published by the IRS.
Eligible small business startups can now choose to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability, according to the Internal Revenue Service.
This new option will be available for the first time to any eligible small...
May 18, 2017
The following article was published by the SBA.
Did you know business credit can be just as important as having personal credit?
It’s essential for small businesses to get credit so they can have access...
May 17, 2017
Before you think about borrowing money from your 401(k), make sure you know all the implications. Watch this video to learn
May 16, 2017
The following article was published by the IRS.
The Internal Revenue Service today reminded employers planning to hire new workers that there's a valuable tax credit available to those who hire long-term unemployment recipients and others certified by their state workforce agency.
The Work Opportunity Tax Credit (WOTC) is a long-standing...
May 11, 2017
The article was published by the SBA.
This year, spending on Mother’s Day is projected to hit a record high of $23.6 billion, according to the National Retail Federation. That’s the highest in the annual survey’s 14-year...
May 10, 2017
Are you prepared for an emergency? Watch this video for tips on safeguarding your important documents whenever a disaster
May 9, 2017
The following article was published by the IRS.
Millions of people enjoy hobbies that are also a source of income. From catering to cupcake baking, crafting homemade jewelry to glass blowing -- no matter what a person's passion, the Internal Revenue Service offers some tips on hobbies.
Taxpayers must report on their tax return the income...
May 4, 2017
The following article was published by the SBA
There are plenty of myths about franchising. A great deal of them revolve around money. I hear these two statements a...
May 3, 2017
If you are thinking about starting your own small business and have questions about tax implications, the IRS Small Business and Self-Employed Tax Center is a resource for all...
May 2, 2017
The following article was published by the IRS.
In recognition of National Small Business Week -- April 30 to May 6 -- the Internal Revenue Service is highlighting products to help small business owners and self-employed individuals understand and meet their tax obligations. Some of these tools focus on an emerging area of business activity -- the...
April 27, 2017
The following article was published by the SBA.
Every small business owner wants to attract new customers. Here are 10 time-tested ways to help you bring in “new blood.”
1. Ask for...
April 26, 2017
If you are contacted by a private collection company claiming that it's on behalf of the IRS, here’s how to know if it's a scam or not. For more information, go to:
April 25, 2017
The following article was published by the IRS.
Tax day has come and gone for most people, but some taxpayers may still be dealing with their taxes. The IRS offers these tips for handling some typical after-tax-day issues:
Didn't File by April 18?
There is no penalty for filing a late return after the tax deadline...
April 20, 2017
The following article was published by the SBA.
Have you always wanted to start your own business?
Do you have a lot of business ideas but don’t know which one to pursue?
Don’t worry because you’re not alone. According to Gallup, Inc, 25% of American adults have dreamed of starting their own business but have...
April 19, 2017
If you recently got married, watch this video and find out how marriage will affect your federal
April 18, 2017
The following article was published by IRS.
Taxpayers who give money or property to others may wonder about the federal gift tax and if it applies. Most gifts are not subject to the gift tax.
Here are seven tax tips about the gift tax and giving:
1. Nontaxable Gifts. The general rule is that any gift is potentially...
April 13, 2017
The following article was published by the SBA.
Imagine owning stock in a company where the price appreciates greatly, you sell it, and pay no tax on your profit. That’s what can happen with qualified small business stock (QSBS). Also...
April 12, 2017
Do you know where you stand with your retirement? In this video a New York lawyer gets a picture of his by Cartoonist Emily Flake and Fidelity
April 11, 2017
The following article was published by the IRS.
Taxpayers usually will have taxes withheld from their pay if they are an employee. However, if a person doesn't have taxes withheld, or they don't have enough tax withheld, they may need to make estimated tax payments. Taxpayers that are self-employed normally have to pay their taxes this...
April 6, 2017
The following article was published by the SBA.
On March 31, 2017, President Donald J. Trump proclaimed April National Financial Capability Month and the U.S. Small Business Administration (SBA) is...
April 5, 2017
Watch this video from Fidelity to learn how you can use a certificate of deposit (CD) barbell strategy and put your cash to
April 4, 2017
The following article was published by the IRS.
Taxpayers who use their home for business may be able to deduct expenses for the business use of it. Qualified persons can claim the deduction whether they rent or own their home. Use the simplified method or the regular method to claim a deduction.
Here are six tips to keep in mind about the...
March 30, 2017
The following article was published by the SBA.
If you operate a local business (one that gets most of its customers from within a 75-mile radius) you can try many general marketing strategies, but you have one...
March 29, 2017
A New York couple gets a clear picture of their retirement by Cartoonist Emily Flake and Fidelity Investments. What questions do you have about your
March 28, 2017
The following article was published by the IRS.
Generally, income received in the form of tips is taxable. The IRS provides some information that helps taxpayers report tip income correctly:
March 23, 2017
The following article was published by the SBA.
Many small businesses take on additional help during the summer months. Some use seasonal workers to fill gaps created when full-time employees go on vacation. Others need workers for their...
March 22, 2017
Even if you haven't majored in money, you can still educate yourself on the basics. Watch this video for some great
March 21, 2017
The following article was published by the IRS.
The Internal Revenue Service recently reminded taxpayers who turned age 70½ during 2016 that, in most cases, they must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Saturday, April 1, 2017.
The...
March 16, 2017
The following article was published by the SBA.
Statistics have many applications in business and play an important role in making decisions, discovering new trends and making predictions....
March 15, 2017
Watch this video to learn what a CD ladder is. See how you could earn a little more interest with your extra cash but still have a part of it liquid every 3
March 14, 2017
The following article was published by the IRS.
Taxpayers often have questions about Individual Retirement Arrangements, or IRAs. Common questions include: When can a person contribute, how does an IRA impact taxes, and what are other common rules.
The IRS offers the following tax tips on IRAs:
March 9, 2017
The following article was published by the SBA.
If your advertising strategy is focused on digital ads and social media, you might be missing out on a highly effective advertising option: radio. Radio advertising has...
March 8, 2017
You'll get your tax refund faster if you use direct deposit. For more information, watch this video or go to
March 7, 2017
The following article was published by the IRS.
If a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt canceled in 2016.
Here are 9 tips about debt cancellation:
March 2, 2017
The following article was published by the SBA.
So you have a brilliant business idea that will be very successful. Now what?
Bad news: You don’t actually own that idea. You can’t sell it. It has no value as just an idea.
Good...
March 1, 2017
Watch this video if you need more time to file your tax return – but you should still pay your taxes by the April due
February 28, 2017
The following article was published by the IRS.
Taxpayers who made certain energy efficient improvements to their home last year may qualify for a tax credit this year. Here are some key facts to know about home energy tax credits:
Non-Business Energy Property Credit
February 23, 2017
The following article was published by the SBA.
Individuals whose businesses are incorporated do not have to think about self-employment tax. Any salary they take from their corporations as owner-employees are subject to...
February 22, 2017
Have you joined the sharing economy, also called the "on-demand" or "access" economy? If so, there are tax issues that might affect you. Should you file quarterly estimated...
February 21, 2017
The following article was published by the IRS.
Taxpayers with children may qualify for certain tax benefits. Parents should consider child-related tax benefits when filing their federal tax return:
February 16, 2017
The following article was published by the SBA.
The funding strategy a business selects is something unique to each company and needs to be precise. Before an owner sets out and...
February 15, 2017
Instead of keeping up with the neighbors, what if you contributed just 1 percent more to your 401(k) or IRA? In this video, see how saving a little more each month can make a...
February 14, 2017
The following article was published by the IRS.
If taxpayers receive Social Security benefits, they may have to pay federal income tax on part of those benefits. These IRS tips will help taxpayers determine if they need to do so.
February 9, 2017
The following article was published by the SBA.
Many small business owners will tell you the rise of the internet has changed how they work. Newer...
February 8, 2017
If you need to roll over funds from an IRA or retirement plan into another account, make sure you deposit the disbursement into your new account within 60 days or you might have...
February 7, 2017
The following article was published by the IRS.
The IRS has announced the release of an updated Form 990-EZ, Short Form Return of Organization Exempt From Income Tax, that will help tax-exempt organizations avoid common mistakes when filing their annual return.
The...
February 2, 2017
The following article was published by the SBA.
Closing Down Your Business
Are you leaving your business? Maybe you are retiring or handing your business to a relative? Whatever the reason, be smart about how you...
February 1, 2017
The IRS warns you to not be fooled by tax scams and schemes. Watch this video to find out how you can learn more about the Dirty
January 31, 2017
The following article was published by the IRS.
The Internal Revenue Service today reminds employers that the due date for filing Read More...
January 26, 2017
The following article was published by the SBA.
Individuals whose businesses are incorporated do not have to think about self-employment tax. Any salary they take from their corporations as owner-employees are subject to FICA taxes. In contrast, those with other...
January 25, 2017
If you want to get your tax refund quickly, you should use direct deposit. For more information, watch this video or go to
January 24, 2017
The following article was published by the IRS.
The Internal Revenue Service wants taxpayers living in rural communities to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify.
Whether living in the big city or a small town, EITC can help. The EITC is a federal income tax credit for working people who...
January 19, 2017
The following article was published by the SBA.
Did you know a business credit profile plays a direct role in a company’s ability to obtain credit that can be used to purchase products or services?
Whether you are a startup or...
January 18, 2017
Watch this video to find out how the IRS is protecting your personal information when you use IRS.gov self-help tools - or...
January 17, 2017
The following article was published by the IRS.
Taxpayers have fundamental rights under the law. The "Taxpayer Bill of Rights" presents these rights in 10 categories. This helps taxpayers when they interact with the IRS.
January 12, 2017
The following article was published by the SBA.
The dawn of 2017 likely brings with it new optimism — not just in your personal life, but for your business as well. But are you ready to take on this new year wisely?
Before you...
January 11, 2017
Even if you didn’t file a tax return in past years, did you know you still may be due a refund? If you don't claim your refund within three years, however, your money will...
January 10, 2017
The following article was published by the IRS.
No matter how careful you are, identity thieves may be able to steal your personal information. If this happens, thieves try to turn that data quickly into cash by filing fraudulent tax returns.
The IRS, state tax agencies and the nation's tax industry ask for your help in their effort to...
January 5, 2017
The following article was published by the SBA.
Access to cash via a line of credit is an important safety net for a small business. Although there are various types of credit lines available, it is the...
January 4, 2017
Concerned about how much your healthcare might cost in retirement? Watch this video for
January 3, 2017
The following article was published by the IRS.
Under the Affordable Care Act, insurance companies, self-insured companies, and large businesses and businesses that provide health insurance to their employees must submit information returns to the IRS and individuals reporting on health coverage.
Taxpayers can use the information on...
December 28, 2016
The following article was published by the IRS.
As tax filing season approaches, the Internal Revenue Service is reminding taxpayers there are things they should do now to get ready for filing season.
For most taxpayers, Dec. 31 is the last day to take actions that will impact their 2016 tax returns. For example, charitable contributions...
December 27, 2016
The following article was published by the IRS.
As the tax filing season approaches, the Internal Revenue Service reminds low- and moderate-income workers that they can take steps now to save for retirement and earn a special tax credit in 2016 and years ahead.
The saver's credit helps offset part of the first $2,000 workers voluntarily...
December 22, 2016
The following article was published by the SBA.
“Giving is its own reward” said social activist Dorothy Day, but the tax law also provides some benefit to those who give. At this time of the year, attention...
December 21, 2016
If you claim the Earned Income Tax Credit or the Additional Child Tax Credit, you should expect your refund to arrive after February 15 even if you file early. Learn more by...
December 20, 2016
The following article was published by the IRS.
The Internal Revenue Service has issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans,...
December 15, 2016
The following article was published by the SBA.
While December is a busy time for small businesses trying to end the year on a high note, it should also be a time for introspection and review. After all, December is National Write a Business Plan...
December 14, 2016
Watch this video for tips on the new procedures for getting an Individual Taxpayer Identification Number (ITIN). For more information, go to
December 13, 2016
The following article was published by the IRS.
As tax filing season approaches, the Internal Revenue Service has information for taxpayers who wonder how long to keep tax returns and other documents.
Generally, the IRS recommends keeping copies of tax returns and supporting documents at least three years. Some documents should be kept up...
December 12, 2016
We are seeking an accounting supervisor/manager for a position in our growing CPA firm located on the South Shore. The work will entail senior level tax review and some preparation - individual, partnership, S-corporation, C-corporation, trust & gift, as well as review and some preparation of audited, reviewed and compiled financial statements.
A qualified individual...
December 12, 2016
We are seeking a tax manager for the 2017 tax season. The work will entail senior level tax review and some preparation - individual, partnership, S-corporation, C-corporation, trust & gift.
A qualified individual should possess a high degree of independent thinking and be able to communicate well with company employees and clients. This position also...
December 8, 2016
The following article was published by the SBA.
Whether you're just starting out, growing your business or seeking outside help, good business planning will help you achieve that goal. And take note: this...
December 7, 2016
Planning for your retirement but not sure how you are doing? Watch this video and then get your retirement
December 6, 2016
The following article was published by the IRS.
As tax filing season approaches, the Internal Revenue Service wants taxpayers who are self-employed or involved in the sharing economy to know about free resources that are available to help them with their taxes.
Sole proprietors and independent contractors can get helpful information from...
December 1, 2016
The following article was published by the SBA.
Part 1 of 2
Small Business Saturday is over, but it’s not the only opportunity for local small businesses to capture customers’ dollars this...
November 30, 2016
Here are some mistakes to avoid when you file your taxes, which could delay your refund. Learn more at
November 29, 2016
The following article was published by the IRS.
As the holidays approach, the Internal Revenue Service recently reminded taxpayers to remember that a new law requires the IRS to hold refunds until mid-February in 2017 for people claiming the Earned Income Tax Credit or the Additional Child Tax Credit. In addition, new identity theft and refund...
November 23, 2016
The following article was published by the SBA.
With Small Business Saturday just around the corner, it’s time to start thinking of ways you can use the occasion to promote your business....
November 22, 2016
The following article was published by the IRS.
The Internal Revenue Service has opened the new registration and enrollment process for qualified taxpayers to receive the benefit of the Health Coverage Tax Credit (HCTC) on an advance monthly basis during 2017.
Eligible taxpayers can have 72.5 percent of their qualified health insurance...
November 17, 2016
The following article was published by the SBA.
Many employers have come to learn that veterans make excellent employees. They usually are easily trainable and possess desirable characteristics, such as honesty, loyalty,...
November 16, 2016
This year you have a few extra days to file your tax returns as they are not due until April 18. Consider it an early Christmas gift from the IRS! This video explains why as well as advising you on a couple other...
November 15, 2016
The following article was published by the IRS.
A new federal law moves up the W-2 filing deadline for employers and small businesses to Jan. 31. The new law makes it easier for the IRS to find and stop refund fraud. It also delays some taxpayer refunds. Those taxpayers claiming the Earned Income Tax Credit or the Additional Child Tax Credit wont...
November 10, 2016
The following article was published by the SBA.
Every business owner should be aware of lean business planning. It’s a perfect compromise between the old-fashioned formal business plan that is too big and...
November 9, 2016
If you recently got married or are getting married before December 31st, you should watch this video for some good tips on your new filing
November 8, 2016
The following article was published by the IRS.
The Internal Revenue Service, state tax agencies and industry partners recently finalized plans for 2017 to improve identity theft protections for individual and business taxpayers after making significant inroads this year against fraudulent returns.
Public and private sector leaders...
November 3, 2016
The following article was published by the SBA.
There are pros and cons to any decisions you make in your life. This includes the small ones and the big ones. In my role as a franchise ownership advisor, I’ve...
November 2, 2016
Watch this video by Fidelity to learn about municipal bonds, including what they are and how they
November 1, 2016
The following article was published by the IRS.
The Internal Revenue Service recently announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017. The IRS today issued technical guidance detailing these items in
October 27, 2016
The following article was published by the SBA.
Mobile devices pose heightened security risks. Those risks come in several forms.
Devices -- including business data saved on...
October 26, 2016
Did you recently file your tax return because you filed for an extension this year? Hopefully you were able to pay all the taxes you owed, but if not, here's a good video to...
October 25, 2016
The following article was published by the IRS.
With another school year now in full swing, the Internal Revenue Service recently reminded parents and students that now is a good time to see if they qualify for either of two college tax credits or other education-related tax benefits when they file their 2016 federal income tax returns next...
October 20, 2016
The following article was published by the SBA.
Retailers, food establishments, and some other types of businesses routinely take on more help to handle customers during the holiday season. These...
October 19, 2016
Do you need money fast and wonder if you should borrow from your 401(k)? Watch this video as Samantha tries to resist the temptation to borrow from hers. What would you
October 18, 2016
The following article was published by the IRS.
The Internal Revenue Service advised taxpayers affected by Hurricane Matthew but not yet covered by a federal disaster declaration with individual assistance that they may qualify for relief from penalties if they are unable to meet Mondays extended deadline for filing 2015 tax returns.
The...
October 13, 2016
The following article was published by the SBA.
For nine months out of the year, most children attend school. They are learning to read and write. With our fast-moving...
October 12, 2016
The IRS recommends you keep good records for what you claim on your tax returns. For individual tax returns, you should keep your records and returns for three years. If you own...
October 11, 2016
The following article was published by the IRS.
The Internal Revenue Service offered advice to taxpayers who may be affected by storms or other natural disasters. The IRS also reminded taxpayers that the agency is here to help including offering a special toll-free number to taxpayers in federally-declared disaster areas, staffed with IRS...
October 6, 2016
The following article was published by the SBA.
Sometimes you need to stick to your business plan to make it work. Even a mediocre strategy consistently executed over time is better than a series...
October 5, 2016
When it's time to pay your taxes, there are three easy ways to pay. Learn more at
October 4, 2016
The following article was published by the IRS.
Millions of taxpayers ask for an extra six months to file their taxes every year. If you are one of them, then you should know that Monday, Oct. 17 is the extension deadline in 2016. This is so because Oct. 15 falls on a Saturday. If you have not yet filed, here are some things to keep in mind about...
September 29, 2016
The following article was published by the SBA.
It might seem a bit surprising it’s absolutely possible to start and run a business from your smartphone. At the very least, you can start a...
September 28, 2016
Where do you want to be in 5, 10, or 15 years? Watch this two-minute guide for help with setting your future financial goals. These 5 steps can help you plan...
September 27, 2016
The following article was published by the IRS.
If you're recently married, you probably have a list of things to do. There's one other thing you should add to that list: a health insurance review. This is particularly important if you enrolled in coverage through a Health Insurance Marketplace and you receive premium assistance in the form of...
September 22, 2016
The following article was published by the SBA.
For every business, the cash flowing into a company is essential for covering the day to day expenses necessary to operate a business. It keeps...
September 21, 2016
Your charitable contributions are tax deductible if you give to qualified charities and you itemize deductions on your tax returns.
Make sure you keep good records by...
September 20, 2016
The following article was published by the IRS.
The Internal Revenue Service recently encouraged taxpayers to consider a mid-year tax withholding checkup following several new factors that could affect their refunds in 2017. Taking a closer look at the taxes being withheld can help ensure the right amount is withheld, either for tax refund...
September 15, 2016
The following article was published by the SBA.
The internet has drastically affected all types of traditional small business marketing—except for one. Out-of-home advertising is the only type of advertising that...
September 14, 2016
If you recently changed your name because of marriage or divorce or any other reason, you need to notify the Social Security Administration before you file your tax return....
September 13, 2016
The following article was published by the IRS.
Certain energy-efficient home improvements can cut your energy bills and save you money at tax time. Here are some key facts that you should know about home energy tax credits:
Non-Business Energy Property Credit
September 8, 2016
The following article was published by the SBA.
Launching or transitioning your side job into a full-time venture is stressful, demanding and exciting. One of the first steps is to consider your startup...
September 7, 2016
Roth IRAs provide the potential for tax-free growth and withdrawals during retirement.
If you think a Roth IRA might be an option for part of your retirement plan, watch...
September 6, 2016
The following article was published by the IRS.
Report any gambling winnings as income on your tax return. Be sure you itemize to deduct gambling losses up to the amount of your winnings. If you are a casual gambler, these tax tips can help:
September 1, 2016
The following article was published by the SBA.
Ask the typical small business owner which methods his or her company uses to communicate with customers, and email is likely to be at or near the top...
August 31, 2016
Here's a message from the IRS for tax professionals about data security. Protect your clients and your
August 30, 2016
If you are looking for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about when searching for a new job:
August 25, 2016
The following article was published by the SBA.
The correct way to choose, research and potentially buy a franchise can be likened to running a 10,000-meter race (which equals 6.2137 miles), in which...
August 24, 2016
Are you are in the market for a new car and not sure whether you should buy or lease? If so, watch this video for some great
August 23, 2016
The following article was published by the IRS.
Did you move due to a change in your job or business location? If so, you may be able to deduct your moving expenses, except for meals. Here are the top tax tips for moving expenses.
In order to deduct moving expenses, your move must meet three requirements:
August 18, 2016
The following article was published by the SBA.
Back-to-school refrains are in the air, making it a great time to think about how you can help your staff get the education and training they need to...
August 17, 2016
If you have employees, it is your responsibility to withold taxes for Income, Social Security, and Medicare. You must deposit these witholdings into the U.S. Treasury via the EFTPS (Electronic Federal Tax Payment System).
August 16, 2016
The following article was published by the IRS.
Renting out a vacation property to others can be profitable. If you do this, you must normally report the rental income on your tax return. You may not have to report the rent, however, if the rental period is short and you also use the property as your home. Here are some tips that you should...
August 11, 2016
The following article was published by the SBA.
Facing the task of building a social media following for your small business can feel like an uphill battle. What’s the use of wracking your brain to create...
August 10, 2016
If you have a change in circumstances that affects advance payments of the premium tax credit, the Internal Revenue Service commissioner discusses what you should do. For more...
August 9, 2016
The following article was published by the IRS.
Millions of people enjoy hobbies. Hobbies can also be a source of income. Some of these types of hobbies include stamp or coin collecting, craft making and horse breeding. You must report any income you get from a hobby on your tax return. How you report the income from hobbies is different from how...
August 4, 2016
The following article was published by the SBA.
Do you operate a single “owner” or member limited liability company (LLC)? Thinking of forming a multi-member LLC? Either way, you’re likely to have questions about how...
August 3, 2016
Looking for ways to save more money without changing your quality of living? Try these random yet interesting
August 2, 2016
The following article was published by the IRS.
The Internal Revenue Service recently warned taxpayers to stay vigilant against an increase of IRS impersonation scams in the form of automated calls and new tactics from scammers demanding tax payments on iTunes and other gift cards.
The IRS has seen an increase in robo-calls where...
July 28, 2016
The following article was published by the SBA.
According to GlobalWorkplaceAnalytics.com,* 3.7 million employees (2.8% of the workforce) now work from home at least half the time, and the number of...
July 27, 2016
If you’re an employer and are still unsure about your annual information reporting responsibilities under the health care law, watch this
July 26, 2016
The following article was published by the IRS.
Each year, many people get a larger refund than they expect. Some find they owe a lot more tax than they thought they would. If this has happened to you, review your situation to prevent a tax surprise. Did you marry? Have a child? Change in income? Life events can have a major impact on your taxes....
July 21, 2016
The following article was published by the SBA.
Credit plays an important role in your personal and business life. It impacts your purchasing power, the interest rates you’ll...
July 20, 2016
The following article was published by the IRS.
You may discover you made a mistake on your tax return. You can file an amended return if you need to fix an error. You can also amend your tax return to claim a tax credit or deduction. Here are 10 tips from the IRS on amending your return:
July 19, 2016
Senior Accountant
We are seeking a senior accountant for a position in our growing CPA firm located on the South Shore. The work will entail senior level tax review and some preparation - individual, partnership, S-corporation, C-corporation, trust & gift, as well as review and some preparation of audited, reviewed and compiled financial statements. A qualified...
July 14, 2016
The following article was published by the SBA.
Does your small business need a copywriter? Many small business owners try to save money by writing copy for their marketing materials, websites and ads themselves. However, unless you have experience in marketing copywriting, this generally isn’t a good idea.
Here are some...
July 13, 2016
If weren't ready to file your tax return on April 15 and asked for an extension to file, remember that the deadline is October 15 (unless the 15th falls on a weekend, then you...
July 12, 2016
The IRS offers many safe and easy ways to pay your taxes. These tips explain many of them:
July 7, 2016
The following article was published by the SBA.
It’s hard to escape the interest, activity and advantages of social media. Platforms are constantly evolving. With the changing dynamics of the digital communication space, it’s important to...
July 6, 2016
Many people think they're living by a budget when, in fact, they aren't at all.
Of course, this depends on what your definition of a budget is. A budget is NOT having money...
July 5, 2016
Many students get summer jobs. Its a great way to earn extra spending money or to save for later. Here are some tips for students with summer jobs:
1. Withholding and Estimated Tax. If you are an employee, your employer normally withholds tax from your paychecks. If you are self-employed, you may be responsible for paying taxes directly to the IRS. One way to do...
June 30, 2016
The following article was published by the SBA.
Whether it’s a new idea that needs money to start, or an existing business that needs money to grow, there are a lot of funding options that don’t require sharing ownership with...
June 29, 2016
Here are three tips to help you tackle your debt faster. Start by paying down your highest interest credit card first. Watch this video to find out what to do
June 28, 2016
The following article was published by the IRS.
Self-insured employers, applicable large employers and health coverage providers are reminded that the June 30 deadline to electronically file information returns with the IRS is approaching. The deadline to provide information returns to employees or responsible individuals was March 31. While the...
June 23, 2016
The following article was published by the SBA.
One of the key responsibilities for many new businesses or businesses that are restructuring is obtaining an Employer Identification Number, or EIN, from the...
June 22, 2016
To see if you can claim the Health Coverage Tax Credit, watch this video or go to
June 21, 2016
The following article was published by the IRS.
Day camps are common during the summer months. Many parents enroll their children in a day camp or pay for day care so they can work or look for work. If this applies to you, your costs may qualify for a federal tax credit. Here are 10 things to know about the Child and Dependent Care...
June 16, 2016
The following article was published by the SBA.
In business, entrepreneurs experience peaks and valleys but for small business owners who operate seasonal businesses those ups and downs intensify. The majority...
June 15, 2016
Setting aside just one percent more of each paycheck could help you retire sooner! And if you're in no rush to retire, then it could mean you'll be in much better shape...
June 14, 2016
The following article was published by the IRS.
The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2016. The rates will be:
June 9, 2016
The following article was published by the SBA.
With email marketing, social media marketing and online marketing grabbing most of the attention in recent years, you might think direct mail marketing is an outdated concept. Think again: Direct mail is enjoying something of a renaissance in both the B2B and B2C worlds, thanks in part to (surprise!)...
June 8, 2016
Need a transcript from the IRS? Then learn about the Get Transcript Online tool at https://www.irs.gov/transcript. You'll need to verify your identity and you'll also...
June 7, 2016
The following article was published by the IRS.
If you are a small employer, there is a tax credit that can put money in your pocket. The small business health care tax credit benefits employers that:
June 2, 2016
The following article was published by the SBA.
Small businesses facing poor or uncertain financial circumstances may be forced to consider drastic employment decisions including layoffs and benefit reductions. If your business faces such decisions, it important to understand your legal rights and obligations concerning employment...
June 1, 2016
Have a disagreement with the IRS over your taxes? Watch this video to learn about the IRS Office of Appeals, and what it can do for
May 31, 2016
The following article was published by the IRS.
If you are self-employed, visit IRS.gov for all your tax needs. Knowing the tax rules can help your business start, grow and succeed. For example, see IRS Publication 4902, Tips for the Cosmetology and Barber Industry. Here are...
May 26, 2016
Interested in investing? Watch this video to learn the difference between stocks and
May 25, 2016
The following article was published by the SBA.
If you are seeking a business structure with more personal protection but less formality, then forming an LLC, or limited liability company, is a good consideration. Regardless of your business structure, some paperwork like an operating agreement is expected. Here are the basics every...
May 24, 2016
The following article was published by the IRS.
You can fix mistakes or omissions on your tax return by filing an amended tax return. If you need to file one, these tips can help.
1. Must be filed on paper. Use Form 1040X, Amended U.S. Individual...
May 19, 2016
The following article was published by the SBA.
“Save a part of your income and begin now, for the man with a surplus controls circumstances and the man without a surplus is controlled by circumstances.” That was advice given by Henry Buckley, an Australian politician in the 19th century. This sentiment is just as important today for...
May 18, 2016
Are you are an employer, and not sure if you’re subject to the employer shared responsibility provision of the health care law? Then watch this video, or go to...
May 17, 2016
You may be tempted to forget about your taxes once you’ve filed but some tax planning done now may benefit you later. Now is a good time to set up a system so you can keep your tax records safe and easy to find. Here are some IRS tips to give you a leg up on next year’s taxes:
May 12, 2016
The following article was published by the SBA.
As we celebrate National Small Business Week, the strength of America’s small businesses is at the top of our minds. Small businesses are essential to our communities and help to foster innovation in every industry.
But if you’re running a small business of your own, you may feel...
May 11, 2016
Watch this video to learn what you can do after rolling over an old 401(k) into an IRA. Depending on your financial goals, you may want to invest all or part of your assets and...
May 10, 2016
The following article was published by the IRS.
While you may be tempted to forget all about your taxes and your premium tax credit once you’ve filed your tax return, don’t give in to that temptation.
When you applied for assistance to help pay the premiums for 2016 health coverage through the Marketplace, the Marketplace...
May 5, 2016
The following article was published by the SBA.
Years ago I was a foreign correspondent in Mexico City, writing for Business Week and other business publications. One of my favorite contacts was an expert with the U.S. Embassy who updated me on Mexican oil industry...
May 4, 2016
CNNMoney's Christine Romans shares a few keys to a happy retirement. Most Americans spend more time planning their vacation than their retirement. It's never too early to start...
May 3, 2016
The following article was published by the IRS.
Each year, the IRS mails millions of notices and letters to taxpayers for a variety of reasons. If you receive correspondence from us:
April 28, 2016
The following article was published by the SBA.
Having access to cash is an essential part of success in business whether your company is just getting started or has been in operation for quite some time. Rather than dip into...
April 27, 2016
Don't be a victim of tax-related identity theft. Know what to watch for to prevent becoming a victim, and learn what steps to take if you are a victim. Visit
April 26, 2016
The following article was published by the IRS.
April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If you are due a refund there is no penalty if you file a late tax return. If you owe tax, and you failed to file and pay on time, you will most likely owe interest and penalties on the...
April 21, 2016
The following article was published by the SBA.
Employees are the lifeblood of a small business but they are also human and need time off to deal with sickness, manage family needs, and fulfill civic commitments like jury duty.
Personal time off...
April 20, 2016
If your filing status has changed, you can fill out a new W4 to make sure you have the right amount of taxes withheld from your paycheck. That way you won't owe taxes at the end...
April 18, 2016
The following article was published by the IRS.
The IRS offers several payment options if you owe federal tax. Here are some key points to keep in mind when you pay your taxes this year.
April 14, 2016
The following article was published by the SBA.
If you’re new to business, then wrapping your arms around your tax obligations can seem like an uphill task. The first question you need to ask yourself is which tax laws impact your business from the get-go? It may be safe to assume that your tax obligations kick in once you start making a...
April 13, 2016
If you are ready to file your taxes but still don't have your W-2, check with your employer first. And if you've moved, make sure they have your current address. You still...
April 12, 2016
The following article was published by the IRS.
The Internal Revenue Service reminded taxpayers that it’s easier than ever to pay their taxes electronically, and for those who can’t pay on time, quick and easy solutions are available.
This is the seventh in a series of 10 IRS tips called the Tax Time Guide. These tips are...
April 7, 2016
The following article was published by the SBA.
So you’ve got a great idea for a new product or solution and you think it’ll be a sure-fire hit.
Not so fast. To find out if your idea has traction, you need to test...
April 6, 2016
Watch this video for some great tips on investing. And after you figure out what investments are right for your portfolio do these three things.
1. Invest on a regular basis
2. Set an amout...
April 5, 2016
If you use your home for business, you may be able to deduct expenses for the business use of your home. If you qualify, you can claim the deduction whether you rent or own your home. You may use either the simplified method or the regular method to claim your deduction. Here are six tips that you should know about the home office deduction:
1. Regular and Exclusive...
March 31, 2016
The following article was published by the SBA.
Are you looking for a way to attract new customers? Social responsibility is a strong selling point when customers are considering purchases. Consider this: A Nielsen global online survey reports that...
March 30, 2016
If you need a tax return transcript because you are applying for a loan or any other reason, you can get one within 5-10 days by going to
March 29, 2016
If you gave money or goods to a charity in 2015, you may be able to claim a deduction on your federal tax return. Here are six important facts you should know about charitable donations.
1. Qualified Charities. You must donate to a qualified charity. Gifts to individuals, political organizations or candidates are not deductible. An exception to this rule is...
March 25, 2016
The following article was published by the SBA
Thousands of people all across America dream about starting their own business. No matter what your motivation is for being your own boss, you can start a business much sooner than you...
March 24, 2016
The U.S. Treasury Inspector General for Tax Administration warns taxpayers about scammers who impersonate IRS employees. The IRS will never call you demanding immediate...
March 23, 2016
This article was published by the IRS.
The Internal Revenue Service announced recently that Federal income tax refunds totaling $950 million may be waiting for an estimated one million taxpayers who did not file a federal income tax return for 2012. To collect the money, these taxpayers must file a 2012 tax return with the IRS no later than...
March 18, 2016
The following article was published by the SBA.
Clearly, technology has changed marketing a lot. We fast forward through ads on television and block them on our devices. We have amplified word of mouth in social media. We pour over analytics and metrics. But what about the marketing plan? Has technology changed marketing planning?
One thing...
March 17, 2016
If you think you won't have your taxes ready to file by April 19th, you can file for an extension. But remember, you still need to pay your taxes by the April due
March 15, 2016
The following article was published by the IRS.
Under the Affordable Care Act, certain employers – known as applicable large employers or ALEs – may potentially be required to make an employer shared responsibility payment to the IRS if they do not offer
March 10, 2016
The following article was published by the SBA.
Ever walked into a neighborhood business that was recently purchased? The new ownership might have changed the paint color, décor, and equipment in a flash -- maybe even overnight.
If you’ve ever dreamed of revamping a business you visit frequently, you might be a good match for...
March 9, 2016
If you’re an employer and are not sure about your annual information reporting responsibilities under the new health care law, watch this video from the IRS. If you still...
March 8, 2016
The following article was published by the IRS.
When you sell a capital asset, the sale normally results in a capital gain or loss. A capital asset includes most property you own for personal use or own as an investment. Here are 10 facts that you should know about capital gains and losses:
1. Capital Assets. ...
March 3, 2016
The following article was published by the SBA.
Ignoring your financial statement is like ignoring the health of your business. Startups and new business owners often overlook understanding gross margin. This can have a direct impact on your ability to effectively...
March 2, 2016
If you want a safe way to invest without risking your principal, watch this video and find out what a CD ladder
March 1, 2016
If you have income from investments, you may be subject to the Net Investment Income Tax. You may owe this tax if you receive investment income and your income for the year is more than certain limits. Here are some key tips you should know about this tax:
February 25, 2016
The following article was published by the SBA.
If you operate a “local business” (meaning one that gets most of its customers from your local area), don’t overlook the Internet as an important way to attract new customers...
February 24, 2016
Did you know there are special tax benefits for members of the Armed Forces? For example, some or all of your combat pay may be tax-free.
For more information, watch this video and then...
February 23, 2016
The following article was published by the IRS.
When you file your taxes, you have options on how to receive your refund. The best way to get it is by direct deposit. Eight out of 10 taxpayers get their refunds by direct deposit. Here are six good reasons why you should do the same in 2016:
IRS Direct...
February 18, 2016
The following article was published by the SBA.
As an employer, when you withhold income taxes or other funds from employees’ paychecks, you’re obligated to apply the funds appropriately in a timely manner. If you fail to do so, you can be...
February 17, 2016
Do you have a retirement plan from a former employer and are not sure what to do with it? In most cases, you have four options.
You can keep the money in your former employer's plan, or move the money to...
February 16, 2016
The following article was published by the IRS.
Starting this year, you may receive one or more forms providing information about the health care coverage that you had or were offered during 2015. Much like Form W-2 and Form 1099, which include information about the income you received, these forms provide information about your health care...
February 11, 2016
The following article was published by the SBA.
You did it! You hired your first employee. What a relief to have someone to help you grow your business.
But what about when it’s time to hire a second...
February 10, 2016
Make sure your taxes are done right by choosing a paid tax preparer who meets IRS requirements. Remember only enrolled agents, CPAs, and attorneys can represent you before the IRS in all matters. For more...
February 9, 2016
The following article was published by the IRS.
The period around Presidents Day marks the peak busy season for IRS toll-free phone service, but there are faster ways to find answers to your questions. The Internal Revenue Service provides tools and apps on IRS.gov...
February 4, 2016
The following article was published by the SBA.
There are many reasons to consider a business structure change. With a different business structure, would your business be more successful? Could your sole proprietorship or partnership use more...
February 3, 2016
If your income is low to moderate, you may qualify for the Earned Income Tax Credit. Watch this video for help in finding out about the Earned Income Tax Credit and how to claim it if you qualify....
February 2, 2016
The following article was published by the IRS.
Most people can claim an exemption on their tax return. It can lower your taxable income. In most cases, that reduces the amount of tax you owe for the year. Here are the top 9 tax facts about exemptions to help you file your tax return.
1. Exemptions Cut Income. ...
January 28, 2016
The following article was published by the SBA.
It's the time of year when everyone is throwing around predictions — and in the marketing world, emotion is shaping up to be a hot marketing trend for 2016. What does emotional marketing mean, and how can your...
January 27, 2016
Are you ready to invest for the first time? Managing risk is important. The higher the risk, the higher the potential. But there is a time for safer investments. Watch this...
January 26, 2016
The following article was published by the IRS.
Most people file a tax return because they have to, but even if you don’t, there are times when you should. You may be eligible for a tax refund and not know it. Here are six tips to help you find out if you should file a tax return:
January 21, 2016
The following article was published by the SBA.
Pricing your products as you launch your small business? It may be worth taking a second look at your pricing strategy.
Sure, you could count your material costs and base your price on that alone, leaving yourself a...
January 20, 2016
The IRS, states and industry are working to keep you safe from identity theft. Today's tip: Be careful when using Wi-Fi.
Use passwords when using your own network, and...
January 19, 2016
The following article was published by the IRS.
January 14, 2016
The following article was published by the SBA.
January 13, 2016
Taxes. Security. Together: To protect you from identity theft, the IRS, states, and tax industry are working together. You can join them with by following these few simple tips....
January 12, 2016
The following article was published by the IRS.
January 7, 2016
The following article was published by the SBA.
January 6, 2016
Ready to invest? Don't put all your eggs in one basket! Be a smart investor by diversifying your portfolio. Watch this video for some "how to"
January 5, 2016
The following article was published by the IRS.
December 31, 2015
The following article was published by the SBA.
December 30, 2015
The IRS, your state, and the tax industry are working together to protect you from identity theft. Learn what simple steps you can take to help keep your personal and...
December 29, 2015
The following article was published by the IRS.
December 24, 2015
From all of us at Bruno P.C., may you and your loved ones have the warmest of
December 23, 2015
If you're worried about forgetting your tax due dates, watch this video to see how the IRS tax calendar can help. View business due dates and set yourself up...
December 22, 2015
The following article was published by the IRS.
December 17, 2015
The following article was published by the SBA.
December 16, 2015
There are options for you when you need to pay your taxes. Watch this video and learn how you can pay your federal income taxes without going into an IRS office. Click "Pay...
December 15, 2015
It’s time to have a word about your password.
Many of us use the same sign-on and password over and over for our online...
December 10, 2015
This article was published by the SBA.
December 9, 2015
There's no time like the present to start organizing your tax records.
If you plan to itemize deductions (charitable contributions, mortgage interest, and property...
December 8, 2015
Individual Retirement Accounts, or IRAs, are important...
December 3, 2015
The following article was published by the SBA.
December 2, 2015
Did you know 10,000 people reach the age of 65 every day? Because people are living longer, the average retired couple spends much more on health care after the age of 65 than...
December 1, 2015
The following article was published by the IRS.
November 27, 2015
The following article was published by the SBA.
November 25, 2015
Take a few steps to guard your personal and financial data, both at home and online. Watch this video and learn what you can do to help the IRS, states, and the tax industry in...
November 24, 2015
The following article was published by the IRS.
November 19, 2015
The following article was published by the SBA.
November 18, 2015
If you are ready to get started creating a plan for your financial future, watch this two-minute video. Think about where you want to be in the next 5,...
November 17, 2015
The following article was published by the IRS.
Contribute up to $2,550; $500 Carryover Option Available to Many
November 12, 2015
The following article was published by the SBA.
November 11, 2015
Not sure of your filing status when you are ready to file your taxes? Watch this video to find out which filing status is right for you.
November 10, 2015
The following article was published by the IRS.
November 5, 2015
The following article was published by the SBA.
November 4, 2015
If you receive a letter from the IRS saying your tax return is being audited by mail, don't panic! Watch this video to find out what you should do.
For information about...
November 3, 2015
The following article was published...
October 29, 2015
The following article was published by the SBA.
October 28, 2015
Roth IRAs can be a great option for many investors. They provide the potential for tax-free growth and withdrawals in retirement.
In this video, see three...
October 27, 2015
The following article was published by the IRS.
October 22, 2015
The following article was published by the SBA.
October 21, 2015
If you are thinking of taking the simplified home office deduction on this year's tax returns, this video will show you how it works, as well as the rules to follow when...
October 20, 2015
The following article was published by the Social Security Administration.
October 15, 2015
The following article was published by the SBA.
October 14, 2015
If you haven't filed your 2014 tax return yet because you asked for an extension, don't forget that the deadline for filing is October 15, 2015. Learn more at
October 13, 2015
There is a lot of information in the news and online...
October 8, 2015
The following article was published by the SBA.
October 7, 2015
Building an emergency fund can help you be more prepared for life's surprises. Watch this video to find out what the only use for your emergency fund should be, and to...
October 6, 2015
The following article was published by the IRS.
October 1, 2015
The following article was published by the SBA.
September 30, 2015
Do you want to know if your Social Security payments are taxable? You can determine if your Social Security benefits may be taxable by a simple...
September 29, 2015
The following article was published by the IRS.
September 24, 2015
The following article was published by the SBA.
September 23, 2015
Many young employees wonder whether they need to go back to school for an MBA in order to climb the corporate ladder and eventually attain the success to which they aspire.
While there may be a time and place...
September 22, 2015
This information was provided by the IRS.
The IRS has an application that will help you determine if you are eligible for certain educational credits or deductions, including the...
September 17, 2015
The following article was published by the SBA.
September 16, 2015
A big change is coming in October 2015, when a new payment standard for small business merchants will begin to be enforced.
Credit card companies have been converting their cards over to contain an EMV...
September 14, 2015
The following article was published by the IRS.
September 10, 2015
The following article was published by the SBA.
September 9, 2015
David Abrams, President and Operations Director of the Chroma Color Bar salon, discusses the difference between a business idea and a business plan. Think twice before starting out if you don't have a very specific business...
September 8, 2015
The following article was published by the IRS.
September 3, 2015
The following article was published by the SBA.
September 1, 2015
Download the IRS2Go mobile app and you'll be able to check on your refund or make a tax payment. You can also use it to watch IRS educational...
August 31, 2015
The following article was published by the IRS.
August 27, 2015
The following article was published by the SBA.
August 26, 2015
How can QuickBooks Online help your business? Hear Vincent and Andrew Kitirattragarn, founders of Dang Foods, share how the software has helped facilitate their...
August 25, 2015
The following article was published by the IRS.
August 20, 2015
The following article was published by the SBA.
August 19, 2015
Run your business better with QuickBooks! CEO and founder of Trash Amps, Adam Wegener, explains why he likes QuickBooks Online and how QuickBooks gives him the freedom to pursue...
August 18, 2015
This article was published by the IRS.
August 13, 2015
This article was published by the SBA.
As an entrepreneur, every now and then it is important to take a step back and really take a look at...
August 12, 2015
We are seeking a senior accountant for a position in our growing CPA firm located on the South Shore. The work will entail senior level tax review and some preparation - individual, partnership, S-corporation, C-corporation, trust & gift, as well as review...
August 11, 2015
1. TAS is Your Voice at IRS. The Taxpayer Advocate Service, or TAS, is your voice at the IRS. We are an independent organization within the IRS.
2. TAS Helps Resolve Problems. TAS helps...
August 6, 2015
The following article was published by the SBA.
While some seasonal businesses hit primetime during the summer, many others see a...
August 5, 2015
Yes, income from your part time or summer job is taxable. And don't forget to file a tax return, even if you only worked a few months.
The...
August 4, 2015
The following article was published by the IRS.
In most cases, gains from sales are taxable. But did you know that if you sell your home, you may not have to pay taxes?
Here are ten facts to keep in mind if...
July 30, 2015
The following article was published by the SBA.
Why work harder when you can work smarter instead?
Several office...
July 29, 2015
A mountain of debt can seem overwhelming, but it becomes much more manageable if you break it down into bite-size pieces.
Start with tackling credit card debt, as that usually has the highest...
July 28, 2015
The following article was published by the IRS.
Oct. 15 is the last day to file 2014 tax returns for most people who requested an automatic six-month extension. However, you can file any time before Oct. 15 if you have...
July 23, 2015
The following article was published by the SBA.
Like most small business owners who don’t think of July as an important tax time, you...
July 22, 2015
Most couples believe they communicate very well when it comes to household finances. Are you and your spouse on the same page with money?
Whether the issue is annual...
July 21, 2015
Millions of people enjoy hobbies. They can also be a source of income. Some of these types of hobbies include stamp or coin collecting, craft making, and horse breeding.
You must report any income you get from a hobby on your tax return. How you report...
July 16, 2015
The following article was published by the SBA.
The dream of owning a small business doesn’t always mean...
July 15, 2015
SBA and Square present this webinar about the new EMV chip card technology. Learn why it's more secure and how it might impact your business.
Find out about...
July 14, 2015
The following article is published by the IRS.
The Taxpayer Advocate Service has developed several tools for individuals and...
July 9, 2015
The following article was published by the SBA.
3. Those Other Types of Plans You May Need
Again, because...
July 8, 2015
If you are a QuickBooks Pro or Premier user thinking about trying QuickBooks Online, this video will give you tips about how to test drive it with your own data.
July 7, 2015
The following article was published by the IRS.
Learning you are a victim of identity theft can be a stressful event. Identity theft is also a challenge to businesses, organizations and government agencies, including the IRS....
July 2, 2015
The following article was published by the SBA (Part 1 of 2).
Shakespeare wrote, “A rose by any other name would smell as...
July 1, 2015
Are you a QuickBooks Pro or Premier user thinking about making the switch to QuickBooks Online? This video will help you to navigate the site from top to bottom and...
June 30, 2015
The following article was published by the IRS.
If you’re preparing for summer nuptials, make sure you do some tax planning as well. A few steps taken now can make tax time easier next...
June 24, 2015
The following article was published by the SBA.
As an entrepreneur, every now and then it is important to take a step back and...
June 24, 2015
Are you nearing the age where you can start collecting Social Security benefits? If you are, and you need it now, take it.
But remember, if you can wait, your...
June 23, 2015
The following article was published by the IRS.
The Internal Revenue Service recently released proposed regulations implementing a new federal law authorizing states to offer specially-designed...
June 18, 2015
The following article was published by the SBA.
Do you know what your company is worth?
Understanding your profit and loss...
June 17, 2015
If you or your spouse paid income taxes to a foreign country, you may be able to claim a tax credit.
For more information on the Foreign Tax Credit, go to IRS.gov,
June 16, 2015
The following article was published by the IRS.
Day camps are common during the summer months. Many parents pay for them for their children while they work or look for work. If this applies...
June 11, 2015
The following article was published by the SBA.
In a world of social media and online marketing,...
June 10, 2015
If you are married to a non-resident alien and are not sure about your tax filing status, you may find this video helpful.
Generally, when a U.S. citizen is married to a...
June 9, 2015
The following article was published by the IRS.
When determining if your organization is an
June 4, 2015
The following article was published by the SBA.
One thing that bugs me about the...
June 3, 2015
Last week we told you about the IRS system getting hacked by cyberthieves. Here is a video with a little more information.
The hackers were able to get...
June 2, 2015
If you have a financial interest in or signature authority over a foreign financial account exceeding certain thresholds, the Bank Secrecy Act may require you to report the account yearly to the IRS by filing a Financial Crimes Enforcement...
May 28, 2015
The IRS has announced that a massive data breach occurred between February and May of 2015 via the "Get Transcript" app on its website, allowing tax returns of more than 104,000 taxpayers to be downloaded by identity thieves.
The "Get Transcript" app has multiple security...
May 27, 2015
Be prepared for hurricanes or other natural disasters by safeguarding your important documents.
Have your bank statements sent to you by email. For paper documents, scan...
May 26, 2015
The following article was published by the IRS.
To mark National Hurricane Preparedness Week, the IRS wants you to know it stands
May 21, 2015
The following article was published by the SBA.
Do you know all of the expenses involved in making your product or delivering your service? If so, then you know what your Cost of Goods Sold (COGS) is....
May 20, 2015
If you are in the military, you should know there are dozens of tax provisions just for you.
If you are on duty outside the U.S., you can postpone the deadline for...
May 19, 2015
The following information is from the IRS.
Most employers have fewer than 50 full-time employees or full-time equivalent employees and are therefore not subject to the Affordable Care Act’s
May 14, 2015
This article was published by the SBA.
Developing strong sales and customer loyalty can be...
May 13, 2015
Wedding season is already in full gear, with many new brides and grooms making their way to the altar.
Planning a wedding can be all-consuming, so it's not...
May 12, 2015
The following article was published on the SSA blog.
You may be trying to figure out what the most...
May 7, 2015
The following article was published by the SBA.
Dealing with an inconsistent income is one of the hardest and most stressful aspects of being a solo entrepreneur. One minute it’s a feast, next a...
May 6, 2015
If you are self-employed and are having trouble keeping track of when to make your estimated tax payments, the IRS Tax Calendar can...
May 5, 2015
The following article was published by the IRS.
The IRS mails millions of notices and letters to taxpayers each year. There are a variety of reasons why we might send you a notice.
Here are the top 10 tips to...
April 30, 2015
The following article was published by the SBA.
There are various factors to consider when deciding to use credit for your business. The most crucial and overlooked component is can you afford to use it?...
April 29, 2015
Get paid onsite with the Intuit GoPayment app. Download the app.
Turn the swiper option on in the settings tab and plug in the swiper.
April 28, 2015
The following article was published by the IRS.
You may be tempted to forget all about your taxes once you’ve filed your tax return. Do not give in to that temptation. If you start your tax planning now,...
April 23, 2015
The following article was published by the SBA.
With more and more customers contacting companies online, it may seem as if your business phone doesn’t matter much anymore. But if you aren’t taking advantage...
April 21, 2015
Make a good impression on your customers when you invoice. Add your company logo and branding to make your invoices look professional. Play with fonts and colors and see how it...
April 21, 2015
The following article was published by the IRS.The Internal Revenue Service today reminded U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad...
April 16, 2015
The following article was published on SBA.gov.
The goal of every small business owner is growth, but with growth comes more responsibilities...
April 14, 2015
File a tax return even if you can't pay in full. That way you avoid a penalty for failing to file. Pay as much as you can to avoid additional penalties and...
April 14, 2015
The IRS has provided answers to tax filing questions for individuals who have received incorrect Forms 1095-A, Health Insurance Marketplace Statements.
If you were enrolled in qualifying Marketplace coverage, filed your return using...
April 9, 2015
This article was first published on SBA.gov.
Tax time brings with it a sense of urgency and pressure, and...
April 8, 2015
Maybe you run your own small business from an office. Or maybe you run it from your pickup truck.
From wherever you run it, run it on QuickBooks and you might find...
April 7, 2015
The Interactive Tax Assistant is an online resource that can answer a wide range of tax questions, including newer areas of the tax law, like the Affordable Care Act. It can answer questions such...
April 3, 2015
If you have questions about your tax return, the IRS has a few resources to help you.
At IRS.gov you will find tools such as the...
April 2, 2015
Did you contribute to an Individual Retirement Arrangement last year? Are you thinking about contributing to your IRA now? If so, you may have questions about IRAs and your taxes.
Here are some IRS tax tips about saving for retirement using an IRA.
March 17, 2015
Most people claim the standard deduction when they file their federal tax return. But did you know that you may lower your taxes if you itemize your deductions?
Find out if you can save by doing your taxes using both methods. Usually, the bigger the deduction, the lower the tax you have to pay. You should file your tax return using the method that allows you to pay the least amount of...
March 12, 2015
Magic formulas, magic information
Be very careful with people selling names and lists for fat fees. For example, lists of commercial lenders, angel investors or venture capital firms are available free for anybody who can do a competent web search. But they are also sold as scams for hundreds of dollars, packaged as if they were magic formulas for easy money.
Turnkey...
March 11, 2015
https://www.youtube.com/watch?v=4yZlv_JvczE
The next generation QuickBooks is here. QuickBooks Online means everything is stored in the cloud.
Now you can access your information seamlessly, anytime, anywhere, with any of your devices. Everything is automatically updated and backed up, and you control who can access what.
Scan receipts into...
March 10, 2015
Many people who carry on a trade or business are self-employed. Sole proprietors and independent contractors are two examples of self-employment.
If this applies to you, there are a few basic things you should know about how your income affects your federal tax return.
Here are six important tips about income from self-employment:
SE Income. Self-employment can include...
March 8, 2015
Bruno P.C. is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enhance our website and give our firm a fresh look. We’ve also continued to research and identify the latest and greatest technologies to improve the services we provide and ensure we continue to meet your needs.
Take a moment to look around our new website...
March 5, 2015
https://www.youtube.com/watch?v=AkJmyOkERa8
Research the qualifications of your tax return preparer with this new IRS tool. Go to irs.gov/chooseataxpro and click on “Directory of Federal Tax Return Preparers with Credentials and Select Qualifications.”
The directory contains a list of tax preparers who have professional credentials. You...
March 4, 2015
Are you an entrepreneur looking to get your startup funded? Be careful.
I suppose it’s no surprise that hopeful entrepreneurs are good targets. Too often we’re led to believe that getting investment money is the ultimate victory. Supposedly we’re all going to be successful as soon as some investor says “yes” and we get a big check. And that eagerness to...
March 3, 2015
Some people take an early withdrawal from their IRA or retirement plan.
Doing so in many cases triggers an added tax on top of the income tax you may have to pay.
Here are some key points you should know about taking an early distribution:
1. Early Withdrawals. An early withdrawal normally means taking the money out of your retirement plan before you reach age...
February 26, 2015
We all make mistakes and when it comes to taxes, it’s all too easy to slip up.
Recognizing mistakes and fixing them as quickly as possible is the key to minimizing interest and penalties and getting back on track.
Employer tax mistakes
Unless you’re a very small employer (with quarterly employment taxes under $2,500), you must deposit employment taxes...
February 25, 2015
https://www.youtube.com/watch?v=xkFPSk8qAc8
You can get help preparing to file your tax return by going to IRS.gov. Here you can find answers to your questions using tools such as the Interactive Tax Assistant, or ITA.
The ITA allows you to click on a series of questions you might have about your tax returns, and get answers. Once you’ve filed...
February 24, 2015
The best way to get your tax refund is by direct deposit. Here are five good reasons to join the 84 million taxpayers who chose direct deposit last year.
IRS Direct Deposit:
1. Is Fast. The fastest way to get your refund is to electronically file your federal tax return and use direct deposit.
2. Is Convenient. With direct deposit, your refund goes directly into your...
February 19, 2015
According to Forbes, more than 52% of all small businesses in the U.S. are home-based. If you’re like most people who dream about starting their own business, now may be the best time to take the first step.
Starting a home-based business on the internet has never been easier and the opportunities have never been greater. Kevin Systrom, co-founder of Instagram, says, “If...
February 18, 2015
https://www.youtube.com/watch?v=AnC8tt1wdhI
If you recently filed your tax return, you may be wondering when you will get your tax refund. You’ll be happy to know that more than 9 out of 10 refunds are mailed within 21 days.
You can track the status of your refund using the IRS mobile app called IRS2Go. If you e-file, you can start tracking...
February 17, 2015
Even if you’ve never paid the Alternative Minimum Tax before, you should not ignore this tax. Your taxes may have changed so that this may be the year that you need to pay AMT.
You may have to pay this tax if your income is above a certain amount. AMT attempts to ensure that taxpayers who claim certain tax benefits pay a minimum amount of tax.
Here are some things that...
February 12, 2015
This tax season, like every tax season, small business owners across the country will face innumerable questions and doubts about how to handle their business’s filing.
Should I do them myself? What savings am I missing out on? How can I avoid being audited?
These questions and tasks are so burdensome in fact, that 40% of small business owners say bookkeeping and taxes...
February 11, 2015
https://www.youtube.com/watch?v=X37jPLwkbh0
If you have a smart phone or tablet, you can download a free mobile app called IRS2Go.
At IRS2Go, you can check the status of your tax refund, get tax tips, and watch informative IRS videos. The videos are available in English, Spanish, and American Sign Language.
For more information, go to...
February 10, 2015
It’s important that you use the correct filing status when you file your tax return.
Your status can affect the amount of tax you owe for the year. It may even affect whether you must file a tax return. Keep in mind that your marital status on Dec. 31 is your status for the whole tax year.
Sometimes more than one filing status may apply to you. If that happens, choose...
February 5, 2015
How much will it take to start that new business you’re thinking of?
Use these simple steps to develop a good estimate. You don’t get to know for sure, but if you have the discipline to break things into meaningful pieces, and then research each of the pieces, you’ll have a good idea.
Starting costs for any new business are a matter of two simple lists. The...
February 4, 2015
https://www.youtube.com/watch?v=XIUfpYuXUNw
When you choose a tax preparer, he or she will be seeing a lot of your personal information. So make sure you choose wisely.
Beware if a tax preparer doesn’t want to sign your return or doesn’t have a tax preparer identification number.
Know your tax preparer’s credentials, and...
February 3, 2015
Since 1975, the Earned Income Tax Credit has helped workers with low and moderate incomes get a tax break each year.
Four out of five eligible workers claim EITC, but the IRS wants everyone who is eligible to claim this credit.
Here are some things you should know about this valuable credit:
Review your eligibility. If you worked and earned under $52,427, you may...
January 29, 2015
The following article was published by the SBA.
When your company needs financing, it may be difficult or impossible to obtain it unless you give your personal guarantee. This means if the company fails to pay its debt, you’re on the hook.
Obligations for which you may be asked for your unsecured promise to pay if the company doesn’t are not limited to bank loans...
January 28, 2015
https://www.youtube.com/watch?v=ghQp0DxzY6g
Each year, the IRS releases a list of the top 12 tax scams, better known as the “Dirty Dozen”.
Identity theft, phone scams, and return preparer fraud are just a few of the schemes you need to look out for.
For more information, go to IRS.gov and search for “dirty...
January 27, 2015
The following article was recently published by the IRS.
Most people file their tax return because they have to, but even if you don’t, there are times when you should. You may be eligible for a tax refund and not know it.
This year, there are a few new rules for some who must file.
Here are six tax tips to help you find out if you should file a tax...
January 22, 2015
What does it take for a small business to achieve success?
Whether you’re already in business, or preparing to start a business, it takes hard work, tenacity and drive to achieve a high level of success.
Lori Greiner, star shark of ABC’s “Shark Tank”, says, “Entrepreneurs are willing to work 80 hours a week to avoid working 40 hours a...
January 21, 2015
https://www.youtube.com/watch?v=3hnRjsdGd5Y
According to the IRS, 1 in 5 taxpayers overlooks the Earned Income Tax Credit.
If you worked any part of last year and earned around $52,000 or less, you may qualify.
The amount of the credit you get depends on factors such as income and family size. Last year, the average credit amount was...
January 20, 2015
National Taxpayer Advocate Nina E. Olson released her 2014 annual report to Congress last week, expressing concern that taxpayers this year are likely to receive the worst levels of taxpayer service since at least 2001 when the IRS implemented its current performance measures.
The report recommends that Congress enact a principles-based “Taxpayer Bill of Rights”, adopt...
January 15, 2015
Have you resolved to take your small business to bigger and better heights in 2015?
Then one of the best moves you can make is to upgrade your marketing.
Here are four marketing resolutions that every small business owner should consider making for 2015.
1.) Invest more money in your marketing. I see so many small business owners who make the (sometimes fatal) mistake...
January 14, 2015
https://www.youtube.com/watch?v=Bx5BIMRDPVI
Every year people want to know if they have to file a tax return.
Most of the time, this depends on your filing status, your age, and your income.
Also, if you purchased health insurance through the Health Insurance Marketplace and received advance payments of the Premium Tax Credit, or want to...
January 13, 2015
new healthcare tax formsThis year, there are some changes to tax forms related to the Affordable Care Act.
Along with a few new lines on existing forms, there will also be two new forms that will need to be included with some tax returns. While most taxpayers will simply need to check a box on their tax return to indicate they had health coverage for all of 2014, there are also new...
January 8, 2015
The most valuable business commodity is trust.
Richard Branson, author and founder of Virgin Group says, “Building trust in your brand isn’t easy to achieve and it may take time, but it doesn’t have to come at a high cost. With honesty, ambition, hard work and attention to detail you can instill a level of trust that will enable you to move...
January 7, 2015
Form 1040 will have a few new lines this year because of the Affordable Care Act. For most people, all you’ll do is check a box stating you have health insurance.
If you bought a health insurance policy from the Health Insurance Marketplace, you will receive a statement from the marketplace about your policy.
There will be lines to claim the premium tax credit, or to...
January 6, 2015
The Internal Revenue Service recently issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup, or panel truck will be:
57.5 cents per mile for business miles driven, up from 56...
January 2, 2015
There is a new publication that will help you learn about how the Affordable Care Act affects your taxes. IRS Publication 5187, Health Care Law:
What’s New for Individuals and Families is now available on IRS.gov/aca. While the health care law has several parts, this publication breaks down what’s new for the 2014 federal tax return you will be filing in 2015.
This...
December 30, 2014
Following the passage of the extenders legislation, the Internal Revenue Service announced this week that it anticipates opening the 2015 filing season as scheduled in January.
The IRS will begin accepting tax returns electronically on Jan. 20. Paper tax returns will begin processing at the same time.
The decision follows Congress renewing a number of “extender”...
December 26, 2014
Adjust Your Federal Income Tax Withholding. If it looks like you are going to owe income taxes for 2014, consider bumping up the federal income taxes withheld from your paychecks now through the end of the year.
When you file your return, you will still have to pay any taxes due less the amount paid in. However, as long as your total tax payments (estimated payments plus...
December 24, 2014
https://www.youtube.com/watch?v=e9GtPX6c_kg
Happy Holidays to you and yours, from all of us at Bruno Accountants!
This entry was posted in Company News, Video, Year-End and tagged Bruno Accountants, Carol of the Bells, Happy Holidays, Plymouth MA accountant, The Piano...
December 23, 2014
Maximize Contributions to 401(k) Plans. If you have a 401(k) plan at work, it’s just about time to tell your company how much you want to set aside on a tax-free basis for next year. Contribute as much as you can stand, especially if your employer makes matching contributions. You give up “free money” when you fail to participate to the max for the match.
Take...
December 18, 2014
Take Your Required Retirement Distributions.
The tax laws generally require individuals with retirement accounts to take withdrawals based on the size of their account and their age beginning with the year they reach age 701/2. Failure to take a required withdrawal can result in a penalty of 50% of the amount not withdrawn.
If you turned age 701/2 in 2014, you can delay your...
December 17, 2014
https://www.youtube.com/watch?v=_yA-UvqZwSo
The IRS has many resources to help you at IRS.gov as the tax year comes to an end.
To research tax laws or credits, use the Interactive Tax Assistant.
If you want to search for specific tax topics or publications, use the IRS tax map.
You can also read or listen to information on hundreds...
December 16, 2014
Charitable Giving
You might want to consider two charitable giving strategies that can help boost your 2014 charitable contributions deduction.
First, donations charged to a credit card are deductible in the year charged, not when payment is made on the card. Thus, charging donations to your credit card before year-end enables you to increase your 2014 charitable donations...
December 11, 2014
Many tax deductions and credits are subject to AGI-based phase-out, which means only taxpayers with AGI below certain levels benefit. [AGI is the amount at the bottom of page 1 of your Form 1040—basically your gross income less certain adjustments (i.e., deductions), but before itemized deductions and the deduction for personal exemptions.]
Unfortunately, however, the applicable...
December 10, 2014
https://www.youtube.com/watch?v=3oJAddoXtGQ
There are a number of ways to make your tax payments online.
Direct Pay might be the best option. There are no fees and no sign-ups.
If you or your tax preparer E-file your tax return, you can also pay using your checking or savings account.
Finally, you can sign up for EFTPS...
December 9, 2014
Employ Your Child. If you are self-employed, don’t miss one last opportunity to employ your child before the end of the year.
Doing so has tax benefits in that it shifts income (which is not subject to the Kiddie tax) from you to your child, who normally is in a lower tax bracket or may avoid tax entirely due to the standard deduction.
There can also be payroll tax...
December 4, 2014
Year-end planning will be more challenging than normal this year. Unless Congress acts, a number of popular deductions and credits expired at the end of 2013 and won’t be available for 2014.
Deductions not available this year include, for example, the election to deduct state and local sales taxes instead of state and local income taxes and the above-the-line deductions for...
December 3, 2014
https://www.youtube.com/watch?v=4yZlv_JvczE
QuickBooks Online is everything you love about your current QuickBooks, now streamlined and better than ever.
You can still use it from your computer, but now you can take your business further, because QuickBooks goes wherever you do.
You can seamlessly connect between your home and office...
December 2, 2014
Many people give to charity each year during the holiday season.
Remember, if you want to claim a tax deduction for your gifts, you must itemize your deductions.
There are several tax rules that you should know about before you give. Here are six tips from the IRS that you should keep in mind:
Qualified charities. You can only deduct gifts you give to qualified...
November 28, 2014
It’s common for companies to pay for employee meals under a variety of circumstances. They may be on the road for company business or in your lunchroom snacking.
From a tax perspective, the circumstances under which you furnish food determine the extent to which you can write off your costs.
Business travel
If you cover the cost of meals for employees who travel...
November 26, 2014
https://www.youtube.com/watch?v=dkY6mMZMHak
If you gave someone a gift of money or property this year, you may need to file a federal gift tax return – but only if your gift was more than $14,000.
There are exceptions to the $14,000 limit, such as if you gave the gift to your spouse or to a charity.
Other exceptions include...
November 25, 2014
Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement
Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2014 and years ahead, according to the Internal Revenue Service.
The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs and 401(k) plans and similar...
November 20, 2014
Business insurance is one of those gray areas. Do you need it or don’t you, and, if so, what kind? For certain businesses – for example, amusement parks and health care related industries – it’s an absolute necessity from the get-go, but what if you run a freelance business or engage in low-risk work? Is business insurance a requirement?
While it may not seem...
November 19, 2014
https://www.youtube.com/watch?v=VxXlPwXxVHE
Start getting your records together now to make tax time easier, such as information about your health care coverage.
For all planned itemized deductions, you must have paid for the deductible items by the end of the year. If you think you need more deductions this year consider paying your January...
November 18, 2014
WASHINGTON — The Internal Revenue Service has issued two items of guidance in response to the need for charitable and other relief due to the Ebola outbreak in Guinea, Liberia and Sierra Leone.
One provides special relief intended to support leave-based donation programs to aid victims who have suffered from the Ebola outbreak in those countries. The other designates the Ebola...
November 13, 2014
For retailers, this time of year is a hum of activity preparing for holiday sales.
While B2B companies may find the holidays a slowdown, rather than a time of intense activity, smart B2B entrepreneurs will seize the season as an opportunity to build relationships with customers.
What better way to do that (and what better time of year to do it) than by rewarding your loyal...
November 12, 2014
https://www.youtube.com/watch?v=PbbepRPHtMs
The IRS has established a special section at IRS.gov to educate and inform taxpayers. Go to IRS.gov/ACA to see how the Affordable Care Act will affect you as you prepare to file taxes this spring.
The IRS is also developing health care tax tips and reaching out via social media on YouTube, Twitter, and...
November 11, 2014
Even though only a few months remain in 2014, you still have time to act so you aren’t surprised at tax-time next year.
You should take steps now to avoid owing more taxes or getting a larger refund than you expect.
Here are some actions you can take to bring the taxes you pay in advance closer to what you’ll owe when you file your tax return:
Adjust your...
November 6, 2014
November 29th is Small Business Saturday! That’s right, the day after Black Friday and before Cyber Monday is your chance to make a lasting impact in your community by encouraging shoppers to shop local.
But just how big an impact does the day have? According to research by American Express and the National Federation of Independent Business, consumers who were aware of Small...
November 5, 2014
https://www.youtube.com/watch?v=0y5z0kWgBcM
The IRS has seen an increase in tax scams. Some con artists even claim to be from the IRS.
If someone calls you and claims to be from the IRS demanding an immediate payment, don’t believe them. The IRS does not make angry or harassing calls. And they always mail you an official notice...
November 4, 2014
For tax year 2015, the Internal Revenue Service has announced annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes.
Revenue Procedure 2014-61 provides details about these annual adjustments.
The tax items for tax year 2015 of greatest interest to most taxpayers include the following dollar amounts:
The...
October 30, 2014
Are you thinking about starting a business?
If you’re like many people, starting a business is a cherished dream. Sure, you can see yourself doing what you love and creating something for yourself and your family.
But maybe the actual step forward eludes you.
What’s stopping you is fear. It’s understandable to be apprehensive about such a large...
October 29, 2014
https://www.youtube.com/watch?v=q8AYE23QfD4
Starting a business can be challenging. Before you start, consider doing some research.
This start-up financial planner by QuickBooks will answer many questions you may have if you are thinking about starting a business.
Select your industry and find out how much running that business will actually...
October 28, 2014
No need to file a Form SS-4! We ask you the questions and you give us the answers. After all validations are done you will get your EIN immediately upon completion. You can then download, save, and print your EIN confirmation notice.
Purpose of an Employer Identification Number
Employer Identification Numbers are issued for the purpose of tax administration and are not intended...
October 23, 2014
https://www.youtube.com/watch?v=4hAyaRr9zZY
Small Business Saturday was founded by American Express in 2010. Over the past five years, it’s grown in popularity and support.
As a small business owner, this day is a chance to find new customers and give your business a boost as you head into the holiday season. This Nov 29, why not become a...
October 22, 2014
Did you know that with QuickBooks 2014, you can run your entire business?
You can track your sales, and pay your employees. You can run reports or scan receipts, which makes life easier at tax time. You can quickly create invoices and even receive payments on the go.
You can also sync everything you do with your computer, tablet, and smart phone.
Getting started is...
October 21, 2014
If you are an employer, the number of employees in your business will affect what you need to know about the Affordable Care Act (ACA).
Employers with 50 or more full-time and full-time-equivalent employees are generally considered to be “applicable large employers” (ALEs) under the employer shared responsibility provisions of the ACA. Applicable large employers are...
October 16, 2014
It may end up being the most important phone call you’ll ever have as it relates to your decision to become your own boss.
The phone call I’m referring to: your first call with a representative from franchise headquarters of the franchise concept you’re interested in learning about.
In this post, I’m going to prepare you for the call and provide some...
October 15, 2014
https://www.youtube.com/watch?v=qb3iImTLeow
The IRS has a new penalty relief program to help small businesses file past-due Form 5500-EZ retirement plan returns. The program helps taxpayers file late returns and avoid penalties which could range upward of $15,000 per late return, plus interest.
There’s no filing fee for this form. The...
October 13, 2014
The Internal Revenue Service is urging taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax benefits and then file their returns electronically.
More than a quarter of the nearly 13 million taxpayers who requested an automatic six-month extension this year have yet to file. Although Oct. 15 is the last day for most people,...
October 9, 2014
Words can be a very powerful tool. They can help you connect with customers, assist in negotiation and, ultimately, they can help you build your business. That’s why it’s vital to pick your words wisely.
Sometimes otherwise great words and phrases lose their meaning. They get so diluted by overuse that they end up meaning nothing at all. And that’s why it’s...
October 8, 2014
https://www.youtube.com/watch?v=tkM61Utg1_o
Did you know businesses that offer indoor ultraviolet tanning services must pay a 10% excise tax on the tanning services?
If tanning is bundled with other services, you only pay on the part that is estimated to be the tanning portion.
You must pay the tax each quarter and file using Form 720. Look...
October 7, 2014
The Interactive Tax Assistant (ITA) tool is a tax law resource that takes you through a series of questions and provides you with responses to tax law questions.
Simply answer the questions and click the “Continue Button” to progress to the next question screen.
When you reach the response screen, you have the option to print the entire interview and the final...
October 2, 2014
If you’re like nearly 18 million people in the US, you’re operating your business as a solopreneur. That means you’ve been doing everything, from making sales to refilling the printer paper. But what happens when your business grows beyond what you can do on your own?
It’s time to call in reinforcements. But it’s not just a matter of hiring a few...
October 1, 2014
https://www.youtube.com/watch?v=ZTvDVNKXII0
If you filed a tax extension last April, the deadline to file your return (October 15) is fast approaching!
Check to see if you are eligible for any tax deductions, including those for families with low or moderate income, or those for small businesses. You may qualify for a credit if you made your home...
September 30, 2014
You may be able to deduct certain miscellaneous costs you pay during the year. Examples include employee expenses and fees you pay for tax advice. If you itemize, these deductions could lower your tax bill.
Here are some things the IRS wants you to know about miscellaneous deductions:
Deductions Subject to the Two Percent Limit. You can deduct most miscellaneous costs only if...
September 25, 2014
What you don’t know can hurt you. This is especially true for small business owners, who need to comply with a myriad of tax laws, government regulations and other requirements.
Getting expert advice will help you avoid legal, financial and tax pitfalls – but hiring a lawyer can be expensive, costing you cash that could be used to grow your business.
Since every...
September 24, 2014
https://www.youtube.com/watch?v=T3myAaV2yvI
People with moderate incomes might want to take advantage of the Premium Tax Credit. Getting your health insurance through the Health Insurance Marketplace may make purchasing health insurance more affordable.
To qualify, you need to meet these four components:
Your income must be within certain...
September 23, 2014
Don’t worry if you made a mistake on your tax return or forgot to claim a tax credit or deduction. You can fix it by filing an amended return.
Here are 10 tips that you should know about amending your federal tax return:
1. When to amend. You should amend your tax return if you need to correct your filing status, the number of dependents you claimed, or your total...
September 18, 2014
Summer is nearly over, signaling the start of school for students and teachers and the end of the fiscal year for the federal government and businesses throughout the country.
This change of seasons is also a good opportunity to take a break from the frantic day-to-day grind and find new ways to reboot your small business. Let’s call it a bit of spring-cleaning for...
September 17, 2014
https://www.youtube.com/watch?v=EAwkm8aro1k
Did you know you have a Bill of Rights as a taxpayer?
Here are the 5 of the 10 fundamental rights you have as a taxpayer:
The right to be informed.
The right to quality service.
The right to challenge the position of the IRS and be heard.
The right to a fair and just tax system.
September 16, 2014
The IRS continues to warn the public to be alert for telephone scams and offers five tell-tale warning signs to tip you off if you get such a call.
These callers claim to be with the IRS. The scammers often demand money to pay taxes. Some may try to con you by saying that you’re due a refund. The refund is a fake lure so you’ll give them your banking or other private...
September 11, 2014
Way too often, you can add up the percent of ownership in the heads of the partners and discover between them they think they own 200% of the company.
That’s because one thinks the idea was worth 50% or more of the ownership, the other thinks the day-to-day work was worth 50% or more of the ownership, and another thinks having written checks and invested was worth 50% or more of...
September 10, 2014
https://www.youtube.com/watch?v=w4WOIw8e8_0
The Small Business Administration (SBA) offers support for veterans looking to start their own business.
The Office of Veterans Business Development is devoted to promoting entrepreneurship for veterans.
Customized curriculums, in-person classes, and instructor-led online courses are all designed...
September 9, 2014
The IRS reminds newlyweds to add a health insurance review to their to-do list. This is particularly important if you receive premium assistance through advance payments of the premium tax credit through a Health Insurance Marketplace.
If you, your spouse or a dependent gets health insurance coverage through the Marketplace, you need to let the Marketplace know you got married....
September 4, 2014
New taxpayers, such as recent graduates who’ve just entered the job market, probably have a clean tax slate. But seasoned taxpayers have a history that can impact their taxes going forward.
Due to limitations and restrictions, some tax breaks cannot be fully used in the year in which they are generated but can be carried over and used in other years. Failing to know what these...
September 3, 2014
https://www.youtube.com/watch?v=GBEJTcFuVm0
Yes, the new health care law can affect your taxes.
If you don’t have coverage for all or part of the year, you may need to make a payment called an Individual Shared Responsibility Payment.
However, you may be eligible for an exemption if you don’t need to file a tax return or if you...
September 2, 2014
Did you know there’s a free, online program to help teachers and students – or others who may be interested – learn the “hows” and “whys” of taxes?
The IRS calls it “Understanding Taxes.” It was designed by the IRS and teachers to make learning about federal taxes as easy as A-B-C:
Accessible (web-based)
Brings...
August 28, 2014
It can be pretty overwhelming to find a franchise business opportunity that you feel is right for your town, your investment level, and your skills.
There are so many choices these days, with new franchise opportunities appearing all the time.
Lucky for you, I have some steps you can take to help you make the purchasing process easier to manage.
1. Use The...
August 27, 2014
https://www.youtube.com/watch?v=qIzmSqHrHlM
Do you wonder if your Social Security benefits are taxable? The answer, unfortunately, isn’t a simple yes or no.
Your payments will probably not be taxable if Social Security is your only income.
However, if you have other income, take 1/2 of your Social Security for the year and add it to...
August 26, 2014
Are you, your spouse or a dependent heading off to college? If so, here’s a quick tip from the IRS: some of the costs you pay for higher education can save you money at tax time.
Here are several important facts you should know about education tax credits:
American Opportunity Tax Credit. The AOTC can be up to $2,500 annually for an eligible student. This credit applies...
August 21, 2014
As a real estate investor, putting together a variety of financing tools at your disposal is a key component for executing your deals. Some methods include, but are not limited to, conventional mortgages, portfolio lenders, owner financing, hard money, private money, home equity loans, commercial loans, etc.
One popular type of real estate financing method is using a real estate line...
August 20, 2014
https://www.youtube.com/watch?v=BiZ8BMvcUnE
If you own a vacation home and rent it out, here are some things you should know:
If you rent it out for two weeks or less, you may not don’t have to report the income on your tax return. That’s right – it’s tax-free.
However, once you rent it for 15 days or more, you will...
August 19, 2014
While most people get a refund from the IRS when they file their taxes, some do not. If you owe federal taxes, the IRS has several ways for you to pay.
Here are six tips for people who owe taxes:
1. Pay your tax bill. If you get a bill from the IRS, you’ll save money by paying it as soon as you can. If you can’t pay it in full, you should pay as much as you can....
August 15, 2014
As small businesses rely more and more on technology, if your company is like my company, you find yourself spending a bigger chunk of your budget on technology.
That’s not a bad thing if you get leverage from technology. In other words, it’s a net positive if that technology helps you sell more, serve customers faster, keep your labor costs in check, be more efficient...
August 13, 2014
https://www.youtube.com/watch?v=-dcLKBlN8hM
It’s a lot easier these days for small charities to get started and become a 501(c)(3) tax-exempt organization.
Form 1023-EZ is only two pages and is accessible online at IRS.gov. Use the worksheet to see if you are eligible to use Form 1023-EZ to process your application.
August 12, 2014
Getting year-round tax help from the IRS is easier than ever before. The IRS website has many online tools that you can use to get the service you need.
For example, with IRS.gov you can e-file your tax return for free, easily check the status of your refund, or get many of your tax questions answered.
Here are some of the online tools that the IRS offers to make filing your...
August 7, 2014
If you don’t plan your business because you don’t need a formal business plan document for a loan application or investors, you’re missing out.
Planning is a tool for steering and managing your business – something that benefits all businesses, whether they need the formal document or not.
That fear and doubt so many business owners have (are you one of...
August 6, 2014
https://www.youtube.com/watch?v=Co6cNQqJHx0
There are dozens of tax provisions just for those serving in the military and their families.
Tax returns can usually be postponed for those on duty outside the United States on the day the tax return is due.
If you are moving due to a change in station, you can deduct reasonable moving...
August 5, 2014
Many people change their job in the summer. If you look for a new job in the same line of work, you may be able to deduct some of your job hunting costs.
Here are some key tax facts you should know about if you search for a new job:
Same Occupation. Your expenses must be for a job search in your current line of work. You can’t deduct expenses for a job search in a new...
July 31, 2014
Employees are one of your biggest assets, even though they don’t appear on your balance sheet. They help you operate your business and are the faces of your company brand. But employees can also be a big liability if they steal from you. What can you do to protect yourself?
Acknowledge the problem
Recent statistics found that companies lose 5% of their revenues each year...
July 30, 2014
https://www.youtube.com/watch?v=2rzNdulWn5M
Vacation, especially when you travel, is never easy on the wallet.
But there are ways to find great deals, whether you’re looking for a cruise, a rental car, or lodging.
Discover some of these tips, and then incorporate them into your own family’s vacation this summer!
July 29, 2014
You may need copies of your filed tax returns for many reasons. For example, they can help you prepare future tax returns. You’ll need them if you have to amend a prior year tax return. You often need them when you apply for a loan to buy a home or to start a business. You may need them if you apply for student aid.
If you can’t find your copies, the IRS can give you a...
July 24, 2014
You’ve probably heard the adage that “keeping an old customer is cheaper than converting a new one.” But just how much cheaper is it?
According to survey data presented in the new SCORE Infographic out this month, securing a new customer is six to seven times more expensive than keeping an existing one. And loyal customers are worth up to 10 times the amount of their...
July 23, 2014
https://www.youtube.com/watch?v=Eeb1WteC6Fo
Don’t forget that starting next year, when you file your tax return you must have creditable health insurance coverage or else be faced with a penalty.
Whether or not you have insurance through the Marketplace, you may think there’s nothing to do until November. That’s not necessarily...
July 22, 2014
Do you plan to donate your services to charity this summer? Will you travel as part of the service? If so, some travel expenses may help lower your taxes when you file your tax return next year.
Here are five tax tips you should know if you travel while giving your services to charity.
1. You can’t deduct the value of your services that you give to charity. But you may...
July 17, 2014
When you apply for a new credit line or request a credit limit increase for your business, suppliers, creditors, and lenders want to see how your company has handled its existing credit obligations in the past. This enables them to determine if they should approve your request and to help determine what terms they should offer.
Lenders often use business credit scores to help them...
July 16, 2014
https://www.youtube.com/watch?v=L1JpcsSz2Ww
Here are a few things you should know if you’re planning to sell your home:
1. If you make a profit, you won’t need to report it as a capital gain as long as the profit is less than $250,000 ($500,000 for couples filing a joint return), and as long as you’ve owned the property and...
July 15, 2014
If you need tax help or information, your best option is to visit the IRS.gov website. Our many online tools and services make it easy for you to do business with the IRS.
Here are nine good reasons to visit IRS.gov this summer:
1. Check on your refund. The Where’s My Refund? tool is a fast and easy way to check on your tax refund. Use the IRS2Go mobile app to access it...
July 10, 2014
Before the Affordable Care Act (ACA), there was the Consolidated Omnibus Budget Reconciliation Act (COBRA). This allowed an employee with company sponsored health insurance to temporarily continue their coverage when leaving the company.
It applied only to companies with 20 or more employees. And you qualified if your job was terminated or you left voluntarily. It also in many cases...
July 9, 2014
https://www.youtube.com/watch?v=S7pzidIM0Nk
If you want to save more, start by watching your spending. As this Bankrate video shows, regular small purchases for things like coffee can add up. Track how much you spend, and make any necessary changes.
Deposit money into your savings account on a regular basis. Consider...
July 8, 2014
When you need help to run your business, you have to decide whether to hire an employee or outsource the work to an independent contractor.
For the most part, independent contractors are on their own when it comes to taxes, insurance, and retirement savings. In contrast, employees are largely your responsibility for these costs.
You’re free to opt for the arrangement...
July 3, 2014
WASHINGTON — The Internal Revenue Service has introduced a new, shorter application form to help small charities apply for 501(c)(3) tax-exempt status more easily.
“This is a common-sense approach that will help reduce lengthy processing delays for small tax-exempt groups and ultimately larger organizations as well,” said IRS Commissioner John Koskinen. “The...
July 2, 2014
https://www.youtube.com/watch?v=Q65KZIqay4E
This 4th of July, may we remember all those who proudly serve, all those who have served, and especially all those who have given everything for their county.
America is free only because of the brave! God bless you, and God bless the USA!
July 1, 2014
The following article was recently published by the IRS.
WASHINGTON — Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years, the Internal Revenue Service announced today. To give all interested parties time to adjust and allow the IRS to reprogram its systems, the IRS will not begin deactivating ITINs...
June 26, 2014
For more than fifty years, the SBA has helped entrepreneurs start, grow and succeed in their business ventures.
For all kinds of business owners across the country – including in traditionally underserved communities – SBA provides resources and access to capital they need to flourish.
Here’s how we help entrepreneurs and business owners who...
June 25, 2014
https://www.youtube.com/watch?v=YzcBj4UgQJA
The uncertainty of a tragedy can be unsettling. Today there are 56 million Americans (or 1 in 5) who live with disabilities. One in 10 Americans lives with a severe disability.
With an illness or injury, the inability to work sometimes becomes the harsh reality. The Social Security Disability Insurance...
June 24, 2014
The following article was published on Healthcare.gov.
College students and recent graduates have several options for finding coverage in the Health Insurance Marketplace.
1. Special Enrollment Periods for College Grads
If your student health plan is ending, you may qualify for a Special Enrollment Period to sign up for private health insurance in the...
June 19, 2014
With the summer season right around the corner, you may be considering hiring extra hands to help out in your business, perhaps some of the first employees you’ve taken on in your venture.
Even if you’re a seasoned employer, it’s always advisable to take stock of how you’re doing as a manager and how you might be able to improve in ways that will benefit your...
June 18, 2014
For many young adults getting ready for college this summer, this may be your first time managing money on your own.
Credit cards, student loans, a need for fast cash: these can all get you into a little...
June 17, 2014
Now Available – 2014 Version of IRS2Go!
This new version of IRS2Go has a brand new look and feel with new added features. It is available in both English and Spanish. Download IRS2Go for Android devices from the Google Play Store or IRS2Go for iOS from the App Store.
Refund Status
You can check the status of your federal income tax refund using IRS2Go. Simply enter...
June 12, 2014
This article was recently published on SBA.gov.
Being “green” or environmentally friendly is probably not a new idea to you as a small business owner. In the last few years especially, the discussion of green business practices, services and products has become so prevalent that it’s often no longer the exception – but expected – to run a more...
June 11, 2014
If you’re getting married this summer, you may have to legally change your name, or set up a new address.
You might also have to adjust your...
June 10, 2014
The Internal Revenue Service has begun a one-year pilot program in June to help small businesses with retirement plans that owe penalties for not filing reporting documents. By filing current and prior year forms during this pilot program, they can avoid penalties.
The IRS is reaching out to certain small businesses that maintain retirement plans and may have been unaware that they...
June 6, 2014
This article was first published on the SBA blog.
Good news: Here’s a simple process, five easy steps, to improve your business. It’s easy to do. And, if you’re not doing something like this already, then this simple addition to your process offers you substantial business improvement.
Step 1: Visualize your main story
Take a step back for the...
June 5, 2014
Be prepared for hurricanes or disasters by safeguarding your tax forms and financial records. Create duplicate copies and store them in a safe place.
Or...
June 3, 2014
Taxpayers abroad qualifying for an automatic two-month extension must file their 2013 federal income tax returns by Monday, June 16, according to the Internal Revenue Service.
The June 16 deadline applies to U.S. citizens and resident aliens living overseas, or serving in the military outside the U.S. on the regular April 15 due date. Eligible taxpayers get one additional day because...
May 29, 2014
This article was published by Barbara Weltman for the SBA.
Having business income but being unable to cover anticipated taxes on the income through wage withholding means you’ll have to pay estimated taxes. You’ll have to project what you think you’ll owe for the...
May 28, 2014
The Client Data Review makes it easy to adjust balances, review client mistakes, and fix them – all from one window. You can resolve many common client errors in this way. This tutorial gives you an overview...
May 27, 2014
The Internal Revenue Service has announced the successful start of its new web-based system — IRS Direct Pay — on IRS.gov, which lets taxpayers pay their tax bills or make estimated tax payments directly from checking or savings accounts without any fees or pre-registration.
“IRS Direct Pay reflects our latest effort...
May 22, 2014
This article was published by Anita Campbell for the SBA.
If you run one of the 14+ million home-based small businesses in the United States, congratulations. You’ve got lower overhead, a shorter commute and the opportunity to be more productive than your...
May 21, 2014
If your mortgage debt has been partly or entirely forgiven, you may be able to exclude the forgiven debt from your income. Normally, the amount of debt forgiven by a lender must be reported on your tax return as...
May 20, 2014
This article was published by the IRS.
Many students take a job in the summer after school lets out. If it’s your first job it gives you a chance to learn about the working world. That includes taxes we pay to support the place where we live, our state and our nation. Here are eight things that...
May 15, 2014
This article was published by the IRS.
Each year, the IRS sends millions of notices and letters to taxpayers for a variety of reasons. Here are ten things to know in case one shows up in your mailbox.
May 14, 2014
Are you associated with a tax-exempt organization that needs to file a Form 990? If so, protect yourself and others by not including unnecessary and unrequested Social Security Numbers, or SSNs, on the form. Also,...
May 13, 2014
This article was published by the IRS.
Do you own or run a business? If so, do you know the IRS offers special tax help just for you? For example, the IRS will host two free live webinars to mark National Small Business Week, May 12 – 16. In addition, you can get many products and services for small businesses throughout the year on IRS.gov.
Here are some...
May 8, 2014
This article was published on Healthcare.gov on April 23, 2014.
health care tax creditWhen you buy health coverage for your employees through the Small Business Health Options Program (SHOP) Marketplace, you may qualify for a tax credit worth up to 50% of your premium contributions.
Our new...
May 7, 2014
If you’ve avoided participating in a Flexible Spending Arrangement (FSA) because you’re worried that you’ll lose your money at the end of the year, your employer may now offer a new option that...
May 5, 2014
The easiest way to avoid unnecessary penalties and interest is by paying your taxes in full and on time. But if you don’t have the means to do so, the IRS has an application that allows you or your authorized representative (Power of Attorney) to apply for an installment agreement, or payment plan.
As of January 1, 2014, the application fees for an installment...
May 1, 2014
With a key May 15 filing deadline facing many tax-exempt organizations, the Internal Revenue Service recently cautioned these groups not to include Social Security numbers (SSNs) or other unneeded personal information on their Form 990, and consider taking advantage of the speed and convenience of electronic filing.
Form 990-series information returns and notices are due on the 15th...
April 30, 2014
Getting ready to start your own business? Take some tips from the Small Business Administration, and from someone who’s started his own business in the...
April 29, 2014
This article was published by Joel Libava for the SBA.
Let's say that you just signed your franchise contract, and you’re ready to get your new retail franchise or food franchise up and running. You’ve put hundreds of miles on your car doing some preliminary...
April 24, 2014
This article was published by the IRS.
Most people stop thinking about taxes after they file their tax return. But there’s no better time to start tax planning than right now. And it’s never too early to set up a smart recordkeeping system. Here are six IRS tips to help you start to plan for this year’s taxes:
April 23, 2014
Wondering what to do with that tax refund you just got in the mail? While it may be tempting to splurge on something you’ve been wanting, this is a great time to pay off debt, contribute to an emergency fund,...
April 22, 2014
This article was published by the IRS.
If you owe a debt that’s past-due, it can reduce your federal tax refund. The Treasury Department’s Offset Program can use all or part of your refund to pay outstanding federal or state debt.
Here are five facts to know about tax refunds and ‘offsets.’
April 17, 2014
This article was published by the IRS.
April 15 is the tax day deadline for most people. If you’re due a refund there’s no penalty if you file a late tax return. But if you owe taxes and you fail to file and pay on time, you’ll usually owe interest and penalties on the taxes you pay late. Here are eight facts that you should know about these...
April 16, 2014
You may have heard talk this tax season about the Earned Income Tax Credit (EITC), but you may not have understood how it works. If that sounds like you, read on to learn how it can help put some extra money in the pockets of low and moderate-income Massachusetts families.
Here’s how it works: depending on your family income, you could be eligible for thousands...
April 15, 2014
This article was published by the IRS.
If you don’t have taxes withheld from your pay, or you don’t have enough tax withheld, then you may need to make estimated tax payments. If you’re self-employed you normally have to pay your taxes this way.
Here are six tips you should...
April 10, 2014
This article was published by the IRS.
Did you live or work abroad or receive income from foreign sources in 2013? If you are a U.S. citizen or resident, you must report income from all sources within and outside of the U.S. The rules for filing income tax returns are generally the same whether you’re living in the U.S. or abroad. Here are six tips from the IRS that...
April 9, 2014
April 15th is just around the corner. Have you filed your tax return? If you feel like you need more time, don’t worry and don’t panic. You can ask for an extension of time by filing form 4868.
Keep in mind that this is an extension of time to file your tax return, not an extension to pay. This will give you six more months (until October 15th) to get your...
April 8, 2014
This article was published by the IRS.
Taxpayers who make cash contributions on or before April 14, 2014, for Philippines typhoon relief can get an immediate tax benefit by choosing to claim them on their 2013 returns, according to the Internal Revenue Service.
Under special legislation enacted last week, taxpayers can choose to treat cash contributions made on or...
April 3, 2014
This article was published by the IRS.
Refunds totaling almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a federal income tax return for 2010, the Internal Revenue Service announced recently. However, to collect the money, a return for 2010 must be filed with the IRS no later than Tuesday, April 15, 2014.
“The window is...
April 2, 2014
Now that you’ve finished filing your tax return you’re probably wondering: “When will I get my refund?” More than nine out of ten refunds are issued in less than 21 days.
In the...
April 1, 2014
This article was published by Barbara Weltman for the SBA.
How to Write-off Business Expenses You Pay For - Bruno P.C.As an owner, your company may not pay for every expense you incur on its behalf. Your out-of-pocket costs may be legitimate business expenses that you’ll...
March 27, 2014
This article was published by the IRS.
When you sell a “capital asset,” the sale usually results in a capital gain or loss. A ‘capital asset’ includes most property you own and use for personal or investment purposes. Here are 10 facts from the IRS on capital gains and losses:
March 26, 2014
In QuickBooks, you can add the products and services you sell by either typing them in manually or, if you have them in Microsoft Excel, you can copy and paste them. QuickBooks categorizes your products and...
March 25, 2014
This article was published by the IRS.
You normally must pay income tax on your investment income. That is also true for a child who must file a federal tax return. If a child can’t file his or her own return, their parent or guardian is normally responsible for filing their tax return.
Special tax rules apply to certain children with investment income. Those...
March 20, 2014
This article was published by the IRS.
If you are an independent contractor or run your own business, there are a few basic things to know when it comes to your federal tax return. Here are six tips you should know about income from self-employment:
March 19, 2014
If you’re self-employed or own a small business, you may be required to make regular tax deposits, and keeping track of them can be complicated. The IRS tax calendar which links from IRS.gov can really...
March 18, 2014
This article was published by the IRS.
The Internal Revenue Service recently issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to misuse of trusts. Here’s the final installment of this three-part...
March 13, 2014
This article was published by the IRS.
The Internal Revenue Service recently issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud. Here’s part two of the article:
Return Preparer...
March 12, 2014
This video gives an overview of how to record sales in QuickBooks 2013. To record your sales, you must set up some basic information. This information is important whether you enter invoices, sales receipts, or...
March 11, 2014
This article was published by the IRS.
The Internal Revenue Service recently issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.
The Dirty Dozen listing, compiled by the IRS each year, lists a...
March 6, 2014
This article was published by the IRS.
1. The Taxpayer Advocate Service (TAS) is an independent organization within the IRS and is your voice at the IRS.
2. We help taxpayers whose problems are causing financial difficulty. This includes businesses as well as individuals.
3. You may be eligible for our help if you’ve tried to resolve your tax problem...
March 5, 2014
The QuickBooks Statement Writer helps accountants create professional-looking, custom financial statements quickly and easily. It’s included in QuickBooks Premier Accountant, as well as all Enterprise...
March 4, 2014
This article was published by the IRS.
There are a few tax rules that affect everyone who files a federal income tax return. This includes the rules for dependents and exemptions. The IRS has seven facts on these rules to help you file your taxes.
February 27, 2014
This article was published by the IRS.
If you have a child under age 17, the Child Tax Credit may save you money at tax time. Here are some key facts the IRS wants you to know about the credit.
• Amount. The non-refundable Child Tax Credit may help cut your federal income tax by up to $1,000 for each qualifying child you claim on your tax...
February 26, 2014
If you have medical or dental expenses, you may be able to deduct some of them on your tax return. Keep in mind you will need to itemize your deductions in order to do this.
There are two things you need to...
February 25, 2014
This article was published by Barbara Weltman for the SBA.
If you have at least one employee, you’re responsible for payroll taxes. These include withholding federal (and, where appropriate, state) income taxes and FICA tax from employees’ wages as well as paying the...
February 20, 2014
This article was published by the IRS.
If you get tips on the job from customers, the IRS has a few important reminders:
February 19, 2014
As you know, most income is taxable. But did you know that some income is only partially taxable, and that some income is not taxed at all?
This video can help you distinguish these important differences as...
February 18, 2014
This article was published by the IRS.
The IRS reminded taxpayers the Presidents Day holiday period typically marks one of the busiest weeks of the tax filing season for its phone lines. There are other alternatives to help taxpayers find answers to commonly asked tax questions.
The Internal Revenue Service has several easy-to-use, online tools on
February 13, 2014
This article was published by the IRS.
Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year.
1. Dependents. In most cases, you can claim your child as a dependent. This applies even if your child was born anytime in 2013. For more details,...
February 12, 2014
What if you want to file your tax return, but you still have not received your W-2? Employers should send this to you by January 31st. Give it two weeks to arrive in the mail.
But if you don’t get it...
February 11, 2014
This article was published by the IRS.
Did you change your name last year? Did your dependent have a name change? If the answer to either question is yes, be sure to notify the Social Security Administration before you file your tax return with the IRS.
This is important because the name on your tax return must match SSA records. If they don’t, you’re...
February 6, 2014
This article was published by the IRS.
Many people hire a professional when it’s time to file their tax return. If you pay someone to prepare your federal income tax return, the IRS urges you to choose that person wisely. Even if you don’t prepare your own return, you’re still legally responsible for what is on it.
Here are ten tips to keep in mind...
February 5, 2014
Have you recently moved because of a change in your job location?
If so, you may be able to deduct certain expenses from your income and lower your tax bill. These include the cost of transporting your...
February 4, 2014
This article was published by the IRS.
As the 2014 tax season began on Jan. 31, the Internal Revenue Service urged taxpayers to be aware that tax-related scams using the IRS name proliferate during this time of year.
Tax scams can take many forms, with perpetrators posing as the IRS in everything from e-mail refund schemes to phone impersonators. The IRS warned...
January 30, 2014
This article was published by the IRS.
Do you need to file a federal tax return this year? Perhaps. The amount of your income, filing status, age and other factors determine if you must file.
Even if you don’t have to file a tax return, there are times when you should. Here are five good reasons why you should file a return, even if you’re not required to...
January 29, 2014
This video will give you a general idea of how payroll works in QuickBooks. You can do payroll and file and pay the taxes yourself, or QuickBooks can do part or all of it for you....
January 28, 2014
This article was published by the IRS.
The Internal Revenue Service recently announced the nationwide rollout of a streamlined program designed to enable small businesses under audit to more quickly settle their differences with the IRS.
The Fast Track Settlement (FTS) program is designed to help small...
January 23, 2014
This article was published by the Social Security Administration.
Carolyn W. Colvin, Acting Commissioner of Social Security, recently announced 25 new Compassionate Allowances conditions, including a dozen cancers, bringing the total number of conditions to 225. The Compassionate Allowances program expedites disability decisions for...
January 22, 2014
If you use QuickBooks, one of the main reasons is probably to get useful information about your business. Reports give you quick access to this information, to show you how your...
January 21, 2014
This article was published by the IRS.
The Internal Revenue Service recently issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will...
January 16, 2014
This article was published by K. Murray for the SBA.
What to Know About Small-Business Licenses and Permits - Bruno P.C.So, you’re starting a business – congratulations! You already know that there’s a lot to take care of, from
January 15, 2014
Here’s an update on what the IRS is doing to go after the bad guys who steal people’s identity. One of their ongoing efforts is our Law Enforcement Assistance...
January 14, 2014
This article was published by Rieva Lesonsky for the SBA.
If there’s one area of operations most small businesses can stand to improve, it’s marketing. As a small business expert, I get more questions about marketing than any...
January 9, 2014
The following article was recently published by the SBA.
If the new year could mean new hires for your small business, there’s a lot to think about.
Here’s some insight to consider from experts interviewed for SBA’s Learning Center Series, “Strategies for Growth.” They’ve shared some lessons they’ve learned that can help you develop a...
January 8, 2014
Do you think you might be the victim of identity theft? Have you received a letter from the IRS suggesting someone has stolen your identity?
If you have received a letter from...
January 7, 2014
The SBA offers the following tool:
Are you interested in starting a business? Creating a business plan is...
January 3, 2014
This article was published by Caron Beesley for the SBA.
Are you a stay-at-home mom (or dad)? Hoping to kick start an entrepreneurial dream or simply looking to bring in some extra income?
Starting a home-based business is a great way to do...
January 2, 2014
When a customer pays you for an invoice, receiving and depositing that money with QuickBooks 2013 is quite easy. Remember, invoicing requires three steps: Enter the invoice, then...
March 16, 2008
Looking for ways to save more without cutting back too much on your quality of life? Try these random yet interesting
March 16, 2008
Looking for ways to save more money without changing your quality of living? Try these random yet interesting
Share this cute video with the little ones in your life as we remember the true origins of the Thanksgiving
The following article was published by the IRS.
More families will be able to get more money under the newly-revised Child Tax Credit, according to the Internal Revenue Service.
The Tax Cuts and Jobs Act (TCJA), the tax reform legislation passed in December 2017, doubled the maximum Child Tax Credit, boosted income limits to be able to...
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