Small Business

Small Business Health Care Tax Credit

April 16, 2010

Courtesy of IRS Health coverage legislation enacted this year includes a Small Business Health Care Tax Credit to help small businesses and small tax-exempt organizations afford the cost of covering their workers. Share this:

Read the full article →

SBA Program Offers Recovery Capital to Stressed Small Businesses

August 7, 2009

Courtesy of the SBA If your small business is stressed meeting expenses during these tough economic times, the U.S. Small Business Administration has a new loan program that may help. SBA’s America’s Recovery Capital Loan Program can provide up to $35,000 in short-term relief for viable small businesses facing immediate financial hardship to help ride [...]

Read the full article →

Small Business Software

July 1, 2009

Podcast: Play in new window | Download

Today TaxMama hears from Leah in Georgia who wants to know. “What is the best small business tax software? I have doubts about QuickBooks and Quicken for business.” Share this:

Read the full article →

Late Estimated Payments

April 30, 2009

Podcast: Play in new window | Download

Today TaxMama hears from Jeff in Florida who is concerned. “Don’t you have to show an income with a small business at least one year out of five? My girlfriend has a small business that has shown a NOL for the past three years.” Share this:

Read the full article →

Is it Too Good To Be True? Home-Based Business Tax Avoidance Schemes

March 20, 2009

If you use part of your home for business, you may be able to deduct expenses for the business use of your home. These expenses may include mortgage interest, insurance, utilities, repairs, and depreciation. The home office deduction is available for homeowners and renters, and applies to all types of homes, from apartments to mobile [...]

Read the full article →

2009 Annual SB/SE Customer Base Survey to Begin

January 29, 2009

The Small Business/Self-Employed (SB/SE) division of the IRS will begin conducting its annual telephone survey of taxpayers starting January 21, 2009 and running through mid-April, 2009. This survey is targeted to small business and self-employed taxpayers who file certain income tax forms, including: 1120, 1120A, 1120S, 1065 and 1040 with schedules C, E or F. [...]

Read the full article →

Find Financing Opportunities on Business.gov

November 14, 2008

Despite the billions of dollars placed into the hands of banks so they could re-start the economy by providing life-giving loans to businesses – and to help potential homeowners…hardly any of that money has reached the people who need it. In the meantime, the SBA’ Business.gov site has launched a new Loans and Grants Search [...]

Read the full article →

SBA introduces new online courses for small business owners

July 11, 2008

Courtesy of the Internal Revenue Service [See the Resource Box below, for links] The Small Business Administration’s Small Business Training Network has introduced two new free online finance courses to help small business owners with the basic principles of finance and borrowing: Finance Primer: Guide to SBA’s Loan Guaranty Programs How to Prepare a Loan [...]

Read the full article →

Tax Challenges of Business Income

May 16, 2008

Courtesy of IRS – FS-2008-20, April 2008 WASHINGTON—Internal Revenue Service research indicates that understated business income contributes significantly to the tax gap, with the majority understated by small businesses. To assist small business and self-employed taxpayers better understand their reporting obligations, this fact sheet addresses the issue of income and how to determine gross income. [...]

Read the full article →

e-News for Small Business

November 2, 2007

[Courtesy of Internal Revenue Service] “The IRS has started a new service, e-News for Small Business. Distributed every other Wednesday, it brings timely, useful tax information right to your computer, including, but not limited to: Important, upcoming tax dates What’s new on the IRS Web site Reminders and tips to assist businesses with tax compliance [...]

Read the full article →

← Previous Entries

Next Entries →