The Small Business Tax Help Blog

Archive for December, 2007

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

United Rings in 2010 with a Deal of the Decade for Colorado Travelers

CHICAGO—-United Airlines today launched its Fly One, Get One FreeSM offer for Colorado travelers, encouraging residents of the Centennial State to experience the airline’s international network and first class comfort.

Energy Audit Training Classes | http://Cool-Green-Jobs.com

Question: EIN (employee identification number)?

we are 6 partners, planning to open investment club using one EIN. We want to invest in stocks, unfortunately the EIN number is going to be under one persons name. How do we trust this person with our money since the EIN number will be under his name? once we open, do we have the same right as to make decisions ?

Answer: Form a partnership.

Follow this link...

National Trust mit neuer Repräsentanz

Wilfried Klöpping übernimmt die Vertretung des National Trust for Scotland (NTS) für Deutschland, Österreich und die Schweiz. Seit Anfang September ist Klöpping mit seiner Firma WK Pro Tour als deutschsprachiger Repräsentant für den NTS tätig.

SammY Rc & Trust No 1 - Wieder mal ein verdammter Sonntag

Question: Does/When an employer would need to have a FEIN or EIN?

FEIN: Federal Employer Identification Number
EIN: Employer Identification Number
They are the same thing.

When you become an employer, must you obtain a FEIN or EIN as a person must obtain a social security number?

or

there are only a few situation when you need it so getting it is not that necessary?

Please help. I own a small business and we are thinking of hiring people so I am preparing all the necessary steps.

Thanks so much.

Answer: You must receive an EIN before hiring anyone.

Judge blocks most of state's illegal-immigration law

This undated photo taken from video and provided by KSAZ-TV FOX 10, shows U.S. District Judge Susan Bolton on the bench in Phoenix, Ariz. Bolton, a former state court judge appointed to the federal bench in 2000 by President Bill Clinton, will decide whether to block Arizona's sweeping new immigration law, which requires police, while enforcing other laws, to question a person's immigration ...

The Blasters / "4-11-44" on Art Fein's Poker Party

Question: If we no longer depreciate our home for small business, will be need to recapture eventually when we sell?

Because of heath issues,we are cutting back and may not claim home office at all. We have depreciated the house about $6000. If we sell it in 10-15 years, will we need to recapture the depreciation?

Answer: Yes, it doesn't matter that you stop depreciating. The depreciation (technically "cost recovery") you have taken has reduced your tax basis in the property.

When you sell, you will calculate your gain by subtracting the basis from the sales price. The portion of the gain that is due to cost recovery will be taxed at ordinary income rates, the rest will be capital gain.

At least that's how it works now, who knows what the tax law will look like 10 - 15 years from now.

PFT: ‘We gonna sting they ass,’ Eagle says of ’Boys

Philadelphia's 24-0 loss on Sunday wasn't quite as embarrassing as 44-6 was for the Cowboys in 2008, but it was pretty close.

Rich Dad The Perfect Business by Robert Kiyosaki

Question: percentage of employee taxes withheld?

is there a website that I can go to that lists the percentages of employee taxes withheld from each paycheck? it would be for washington state.

Answer: I don't know about a website, but you can generally count on rendering 25% off the top to Caesar.

ROBBINSVILLE: Fried announces layoffs, salary cuts

ROBBINSVILLE Mayor Dave Fried has announced a cost-cutting plan that includes the layoffs of six employees along with pay cuts of up to 10 percent and health-care cost increases for township workers.

Gross Earning: Piecework and Commissions