The Small Business Tax Help Blog

Archive for February, 2010

Tax hike discussed by council, library trustees

The Woodland City Council and the city Library Board of Trustees met to discuss a proposed sales tax measure that would increase sales tax by a quarter of a cent.That quarter cent increase would help fund the Public Library, Parks and Recreation, and public safety services.

How and Why Employee Benefits are a must for todays workers!

Kevin Grandia: Common Sense and the Attack on the IPCC

When all logic leaves an argument, which is something that seems to happen on a daily basis in politics, it is good to step back…

Was ist ein Browser?

Question: I work as an Independent Contractor, what is Tax liability for 2008?

I did an estimate calculation on the IRS.gov website and it gives me $6000 and I am freaked out about it. Info on my situation:

I work as an independent contractor so I would get a 1099 misc at the end of the year. My total income was about $24000 for the year.

My deductions are from student loan interest ($1600 for the year) and also my laptop which is primarily for work purposes ($1200).

What would my estimate be? PLEASE HELP…having a panic attack here.

Answer: That sounds about right, sorry.

Get a Head Start on Taxes

Tips for getting your records in order and preparing for the tax season

How To File Your Taxes

Question: I am opening a income tax return business. How much do I Charge?

I am going to be opening a tax company in 2009 and i am in the state of North Carolina. How much should I charge my customers per hour?
what is is lowest I should charge and what is the most I should charge per hour

Answer: If you are planning to open a legit business involving money, then you should already have an idea. If not, do this:

Make a list of what services you'll be charging money for. Then price them through 2 to 4 of your major competitors, get a good average, then go with that. Personally I'd try to beat the competitors if at all possible.

Students assist with tax returns

Students from the Rowan University Rohrer College of Business will help area residents and other students prepare their federal and state income tax returns through the IRS Volunteer Income Tax Assistance Program.

Tax Forms & Deductions : How to Deduct Mileage on Taxes

Question: Is this fair to tax workers and employees but close eyes on business enterprises not tax them?

The Malaysian Government never fail to tax poor workers and employees. If we workers or employees buy new car or house, income tax ask us where we earned the money to buy a car or house. But how about many eatery shops (makan stalls) earning daily few hundreds and thousands a month are who owns a chain of restaurants in Klang valley so filthy rich? I heard many restaurent owners submit false income tax returns because they engage accountants who submit manipulated accounts for the rich restaurent owners? How far is this true?

Answer: I fully agree with you. Many of these own businesses especially eateries are making tonnes of money but they know how to find ways to under declare their profits. Not only on tax evasion but the government seems to take more harsh action against individual tax defaulters ( which most don't owe that much probably in few thousands only ) than big companies. Individuals who fail to pay their tax after a few years get the risk of being barrred from leaving the country but look at Air Asia. The company collected airport tax from it's passengers but the tax ( in millions of ringgit ) but failed to pay to Malaysia Airport. No action was taken against the company. One of my friends who works ( senior position ) with Malaysia Airport told me that the company was unable to do much because of involvement of politics. If you or me failed to pay a few thousands, we won't be able to go overseas anymore.

UAB School of Business Students Providing Free Tax Preparation

Student members of the University of Alabama at Birmingham (UAB) School of Business chapter of the National Association of Black Accountants (NABA) will provide free tax-preparation services to qualifying members of the greater Birmingham community on the upcoming Saturdays of Feb. 20 and March 6 and 27.

Tax Accountant & Tax Planning For Attorneys