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Taxes : Business & Finance
Can You Claim Head of Household If Married?
Individual income taxes are reported to the Internal Revenue Service on IRS Form 1040. The IRS recognizes five distinct filing statuses for taxpayers, including Single, Married Filing Jointly, Married Filing Separately, Head of Household and Qualifying Widow or Widower with Dependent Child. The Head
Tax Reduction Tips, Settle IRS Debt Or Reduce Income Tax Penalty
Tips for Tax Reduction: You're not always stuck paying the full amount owed on your Tax Debt. With Tax Reduction, you can Settle IRS Debt for less and even reduce Income Tax Penalty amounts.
What the Recent Uber Worker Classification Ruling Means for Tax Pros
Much has been written about the recent ruling that people who drive their cars for Uber are really employees instead of independent contractors. But what does this ruling really mean for tax professionals? How ought we to advise our clients? And is it time to re-think just how we treat workers from
What Taxes You Are Responsible for as an eBay Seller
There are three types of tax that you will be responsible for when you start your eBay business. They are 1) sales and use tax, 2) payroll tax and 3) income tax.
Lawyers: Are They Contractors or Employees?
Most people don't know whether to classify lawyers as contractors or employees. In certain instances, the distinction is quite clear. For example, when a lawyer is hired for consulting services and paid a flat fee or contingent fee, then it is obviously an independent contract engagement.
Got Tax Issues? Tax Litigation Lawyers Can Help!
If you are presently dealing with several tax issues or if the Internal Revenue Service is hounding you, then it is most likely that Tax Litigation Lawyers can be of assistance to you. Tax issues ...
Expats - US Taxes Pay For Their Protection Abroad
Imagine you're living in a foreign country and you wake up one morning to rioting in the streets, a toppled government and a state of complete lawlessness. What are you going to do?
Pros & Cons to Online Internet Job Searches
Finding a new job using the Internet can be an empowering or discouraging experience. Advancements in online job search technology allow you to match your career interests to the career that best fits you, using search criteria. Weigh out the pros and cons of whether an Internet search is the most a
Capital Structure of a Business
Capital structure of a business - debt and equity - or debt to equity ratio.
Strategies for Extracting Profits From Owner-Managed Companies
One of the benefits of running your own business is that you have the freedom to decide how much of the profits should remain in the company and how much should be returned to you as an owner (shareholder). However, with that also comes one of the most classical tax-planning questions we are often a
What to Do if You're Behind on Your Payroll Taxes
Big groups perched on the edge of solvency pay their bills late if they pay them at all. Practices and healthcare related businesses who rely on those organizations can find themselves in a sticky sit
How Does an Annuity Policy Work?
An annuity is an insurance policy. The policy may provide you with a guaranteed income, a savings you can use at any time without regular income payments, or both. Before you purchase an annuity, you should understand how they work and what they will do for you, so you can make an informed choice.
Exactly Why Offer A Hybrid Automobile Tax Rebates?
To inspire purchase of cross cars the U.S.A. Government provides instituted any tax rebates program for many who buy a cross vehicle. Your tax rebates amount depends on the gas efficiency with the hyb
Tax Tips: Claiming the Child Care Credit
The Child and Dependent Care Tax Credit offers parents a direct reduction in tax owed to offset the expense of day care while working. In 2010, the credit was up to $3,000 for one child and $6,000 for two or more children. To claim the credit, ensure that both your dependent and the care were qualif
Owning Your Own Home Business -10 Reasons to Look Forward to April 15th
No one really looks forward to tax time each year. Owning your own home based business however can make you look forward to all the saving you will gain. Knowing what is deductible and the necessary steps to achieving those deductions is important to every home business owner. These are 10 tips ever
About Industrial Property
Industrial property is the land and building where a business does its transporting, manufacturing or storage. The general public typically does not come in contact with industrial property.
How to Become a Registered Tax Preparer in California
Tax time rolls around once a year and as soon as it does, everyone scrambles to get their tax documents together and find a registered tax preparer. In California, there are several steps one must take to become a registered tax preparer. If you are not an attorney or certified public accountant, it
Effectively Managing Your Tax Debts
Owing the IRS can be stressful. Further, dealing with the IRS is not at the top of anyone's list, but if you owe the IRS money and are avoiding them you could be setting yourself up for more trouble down the line. While dodging the IRS may provide you with some temporary relief from the stress
Why Use An Umbrella Company Calculator?
Hi, my names Alex from Danbro , I am currently working as part of the marketing team here during my one year placement from university. In this article I will be discussing the importance of umbrella company calculators and why they are such a useful tool for contract workers.
How to Prepare Schedule C, Part III, Cost of Goods Sold
If you are a Sole Proprietor, you must file Schedule C, Profit or Loss From Business (Sole Proprietorship). And if you are a Sole Proprietor whose business involves sale of a product, you must complete Part III of Schedule C, Cost of Goods Sold. The purpose of this article is to help you with this a