The Small Business Tax Help Blog

Archive for February, 2009

Procrastinators Beware Last-Minute Tax Filing Mistakes

KANSAS CITY, MO–(Marketwire – 04/12/10) – H&R Block warns procrastinators that rushing through tax preparation can cause slip-ups that hamper the tax return filing process, cause overpayments to the IRS or delay refunds. The tax filing deadline is upon taxpayers, but they need to proceed with caution and RELAX with these five tips: 1. Review – Make sure all the recordkeeping paperwork needed to …

What’s in the kit Genie?

Fiscal 2010 personal property

SHIRLEY — The fiscal 2010 third- and fourth-quarter real estate and/or personal property actual tax bill was mailed on Dec.

90at9, October 8, 2009: Westpac tax case due

Sustainability Proves Sustainable

The supply chain executive suite is looking pretty green for 2010, but it isn’t because of the color of money.

Canadian Medical Reimbursement Plan (PHSP)

Question: Self employed but on low income, am I entitled to any state benefits other than Tax Credits (in UK)?

I started my self employment after being made redundant in April 2008. But business is not so good at the moment. I receive Tax Credits, but would i be able to claim any other social security benefits etc?

Answer: You may possibly be entitled to housing benefit, council tax benefit, working tax credit and child tax credit.

In any case, you are within your rights to apply for any benefit at any time, and the benefits agency, council, or HMRC will decide if you are entitled.

Fitch Rates Westchester County, New York's $98.2MM GOs 'AAA'; Outlook Stable

NEW YORK----Fitch Ratings assigns an 'AAA' rating to the following Westchester County, NY's general obligation bonds:

Self Employment Tax Tips : Debt Cancellation: Self Employment Tax

Question: If I sponsor a local junior football side how do I stand tax and accounts wise?

I have been asked if I would be interested in sponsoring a local junior football clubs kit (in England) for about £500 next season. They would have the name of my small local business on their shirts would this have any tax benefits to me? I have just started my business and need a quick idea of whether this would be classed as advertising (or what) for my business. Don’t want to get involved in anything too complicated but has anyone any idea of how I stand (tax wise etc) if I do this. You are my first port of call before I take professional advise elsewhere. Thanks.

Answer: You can list this as a business expense. And claim tax relief for the entire £500.

Menendez, Lautenberg want to change 1990 law that caps oil companies’ liability at $75M

The Oil Pollution Act of 1990 was enacted after the Exxon Valdez accident in Alaska and after New Jersey beaches had seen tar balls wash up several times from oil spills in the waters around Newark Bay.

Tax-Free Retirement.wmv