The Small Business Tax Help Blog

Archive for March, 2010

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Question: Can visits to strip clubs (cover charge, drinks and tips) be used as a tax deduction for business expenses?

Strippers do not pay taxes on tips, so shouldn’t the tipper get a tax break as well?

Answer: Funny, but yes. Do a search on any search engine and you will find articles about it.

Top Ten Tax Tips for Small Business Owners

Facing a difficult economy and new tax changes, many small business owners will need to be especially alert to pitfalls and opportunities this tax season, according to Moore Stephens North America Inc., which represents 125 offices in North America and $1 billion in annual revenue.

Deducting Business Expenses Explained By New York Accounting & CPA Tax Firm

Question: Does anyone know what import tax I’ll have to pay when buying small amount of jewellrey off ebay?

I’m buying from the USA, only cheap (about $5 each), but I’m buying about 10 at a time. I’m in the UK.

Does anyone know what import tax I’ll have to pay, and if there is a minimum weight or cost that will help me avoid paying tax? I’m not a business, just addicted to gemstone jewellrey!

Answer: Import Duty and Excise Duty

All goods, new or used, imported into the EU from outside the EU are subject to Customs Duty (Import Duty or Import Tax) and VAT (Value Added Tax) according to their value and import tax classification. All goods imported into the UK from outside the EU must be declared to HM Customs & Excise and in most cases this includes goods bought over the Internet.
» HMRC Customs Procedures

Business : Cutting UK company tax costs 3.5 bln sterling

BRIGHTON, England - Cutting British taxes on company profits would cost 3.5 billion pounds ($5.3 billion) each year, but it can be paid for by scrapping some Business Tax reliefs, the opposition Conservatives said on Sunday.

Colin: A new kind of Superhero

The Hindu Business Line : Rs 27,000-cr revenue dent on tax sops to enclave units

The revenue foregone by the Centre in 2009-10 due to tax breaks on export profits of business entities in tax-free enclaves accounted for Rs 26,976 crore, an 18.5 per cent increase from the previous year’s Rs 22,759 crore.

R&D Tax Credit and Small Businesses – 10

Question: Anyone looking for their EIN #?

I have found this website to locate your EIN number if you have not yet received you W2 form and have your last pay stub. www.sunbiz.org then once in the site go to the drop box, click on coorporations trade marks…. ago from there! I know not all are there but it is helpful!!!! GL everyone with your return!!!!!

Answer: That only lists companies that have a physical presence in the state of Florida. Many large companies have multiple divisions and more than one EIN. If you don't use the correct EIN your return will not be accepted.

There are only 2 reliable sources for the correct EIN for tax filing. The first it your W2. The second is your employer's payroll department.

I've found several EINs for the company that I work for, none of which is the correct one for me.

MarksJarvis: Where to get free tax help

You don't have to struggle with your tax return if you don't make much money.

John Mayer - Your Body Is A Wonderland (with Lyrics)

Question: My bckgrnd is avtn., security, a landlord, & a Master’s in Aero Sci. What”s the best business-job field for me

All my life I’ve been in the aviation industry. From drawing my 1st plane at 5 yrs old to loading bags, fueling, aero. engineer, air traffic control, private pilot, & prep for a career in airport mgmt., I obtained a Master of Aeronautical Science from Embry-Riddle Aero. U. (911 ended that). In between I worked 4 years in private & commercial security as a security officer & supvr. Since August of 2002, I’ve managed a 4 unit rental unit w/all of its adventures; dealing w/bad tenants, collecting rents, advertizing, paying insurance & taxes and maintenance, etc. while teaching professionally – basic aviation courses – for a small, local university in Miami, FL until the Aviation Magnet Program was canceled by Miami-Dade County due to political reasons. From ’76-’81 I was also a US military leader.

I”m 49 now & want a career where I can use my education, knowledge, human psychology, expert computer, managerial & leadership skills, etc., for the best profit.

Any career suggestions?

Answer: you mean you haven't applied to Apple computers or NASA?You sound like a people person---there must be SOMETHING you can offer teaching young Nerdy children.

Flinn announces run for Sorenson’s seat

Eugene P. Flinn Jr., who is wrapping up his second and final term as mayor of the Village of Palmetto Bay, announced officially Feb. 16 that he is seeking the Miami-Dade County Commission District 8 seat being vacated by Katy Sorenson who is not seeking reelection at the end of her present term.

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