Small Business Tax
Section 179 vehicles should be a key part of your small business tax deduction strategies. Can Section 179 property fit in with your business tax strategies?
Let Business Management Daily help you get each and every rental property depreciation credit and business tax deduction you’re entitled to.
Does kiddie tax apply even after the parents divorce?
Officials from 19 states signed on to the Streamlined Sales Tax Project (SSTP), a collective effort among 42 states and the District of Columbia to impose sales taxes on remote sellers of products and goods over the Internet.
The IRS says it will stop collecting the federal excise tax on long-distance telephone service and will refund excise taxes paid—plus interest— since Feb. 28, 2003. (IRS Notice 2006-50)
A number of states and localities are expanding the definition of “public nuisance,” putting many more small businesses at risk.
Used judiciously, instant messaging (IM) allows your business to cut down on long distance charges, conduct real-time interaction with clients, and host chats and conferences with vendors. But used without guidelines, it can hamper productivity, embarrass you and even jeopardize your company’s trade secrets.
Seventy-seven percent of small businesses aren’t prepared for a natural disaster, and 84 percent don’t worry about being the victim of one within the next 12 months, a recent survey by MasterCard International indicates.
Be prepared to pay a hefty surtax on Medicare Part B premiums. As opposed to Part A, which covers hospitalization, participation in the Part B program for doctor bills is voluntary. But you certainly didn’t volunteer for a tax hike!
Some of the key provisions in the new tax law signed by the president last month won’t take effect for years to come. But that doesn’t mean you should sit on your hands in the meantime.
The new tax law includes several other changes that haven’t received much attention.
The usual Work Opportunity Tax Credit (WOTC) is equal to 40 percent of the first $6,000 in wages paid to a qualified worker during the year. It’s a year-round proposition.