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Category Archives: Business
1099 Reporting for 2011 – Action Plans For Business
Multiple attempts to repeal 1099 information return requirements, which were included in the 2010 Patient Protection and Affordable Care Act (Health Care Act) and the Small Business Jobs Act (Jobs Act), have failed but more attempts are still circulating. On … Continue reading
Full Employment Act for Accountants
Whether you love Health Care Reform or hate ObamaCare, the bill contained a provision that will have a substantial impact on small businesses and startups. With little discussion the authors slipped in two significant changes to how 1099s have been used historically. First, … Continue reading
Posted in Business, Entrepreneurship, Income Tax
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Six Tax Tips for New Business Owners
Are you opening a new business this summer? The IRS has many resources available for individuals that are opening a new business. Here are six tax tips the IRS wants new business owners to know. First, you must decide what … Continue reading
Posted in Business, Business Formation, Entrepreneurship, Income Tax, Payroll
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Business Use of Automobiles
When you use a vehicle for business purposes, you can deduct the business portion of the operating expenses on your job or business. If you use it only for that purpose, you may deduct its entire cost of operation (subject … Continue reading
Posted in Business, Income Tax
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Health Care Reform Provisions
In late March 2010, President Obama signed into law the new health care legislation. The legislation will affect virtually every individual in one way or another and will significantly impact the preparation of tax returns in the future. The provisions … Continue reading
Posted in Business, Employee Benefits, Entrepreneurship, Income Tax, Planning
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