A recent report by ABC News indicates that the Social Security Fund could run out in 2036 unless reforms are put in place. All the recent economic uncertainty and debt ceiling versus deficit debate has lawmakers making statements about reduced funding for government programs such as social security. Find out how this will effect you. Read more to find out how you can be prepared.
E-commerce has enjoyed a competitive advantage over local stores as it has been tax-free shopping on sites like Amazon and Overstock.com. These large online retailers do not charge sales tax and the consumer gets the benefit of a lower price. But that might be changing...
In previous articles we have discussed how to enter your customer’s information into the Customer Center, and also how to create Items in QuickBooks. Having created that foundation, let us now take a look at how to record sales in QuickBooks.
This month the spotlight is on GREEN and how Going Green saves businesses money. Considerable tax dollars can be saved when businesses take advantage of credits and deductions for energy production AND conservation.
A few of the more significant provisions in the law that can save you money by GOING GREEN are...
States search for new ways to expand their tax base and are redefining what ‘doing business’ means. If you do business in more than one state you may find your business faced with unexpected tax liabilities, interest and penalties.
2009 RMD’s SUSPENDED FROM QUALIFIED RETIREMENTS ACCOUNTS
A participant or beneficiary who doesn't need the money can skip the distribution in 2009, and pay ordinary income tax on the later distribution of the full (and perhaps fully recovered) value of the assets, or may benefit from taking and paying tax on a distribution in 2009, and then using the proceeds to buy back the same asset at the current low price.
If the end of your tax year was in December then the time to file your 1120 or 1120S Form is only a month away so don’t delay!
How can I determine if I should consider someone an employee or issue them a 1099?
Now that the Holidays are over and the New Year has officially begun it is time to turn your attention to the deadlines that lie ahead. As you know, each New Year begins with accounting for the year that has just past.
Even though the end of 2007 is rapidly approaching, there is still time to save or defer taxes in 2007. Recent legislation and changes in tax laws provide significant opportunities to reduce your tax burden. To see how these can be effective for your company, please read on.
