The Small Business Tax Help Blog

Archive for April, 2010

Question: Which of these two credit cards do you think is better?

I am focusing on cash backs. I am a full time student.

I picked Chase Freedom

* 3% bonus cash back on gas, groceries and fast food purchases for the first six months*
* 1% unlimited cash back on everything else. No cap, no expiration*
* 0% intro APR on purchases for up to 12 months*
* No annual fee
* Earn up to 10% cash back when you shop online with Chase Rewards PlusSM*
* Shop securely with Chase. Our innovative fraud monitoring system detects and alerts you of suspicious charges
* Zero liability on unauthorized purchases*

And Citi Bank’s Dividend Platinum Select

5% cash back at supermarkets, drugstores, gas stations & utilities for 6 months; 2% thereafter2

Earn 1% cash back on all other purchases2

* 0% APR for 6 months on Balance Transfers, Purchases & Cash Advances1
* No Annual Fee
* No minimum income or cosigner required1
* Access credit education tips and tools

Answer: Looks like Citibank is the best choice.

Road Crews on Pothole Patrol

A break in the weather is giving road crews a chance to patch up potholes.

Illegal Immigration & Earned Income Tax Fraud - Part 1

Question: How do I report internationl income for my California based LLC?

I just want to know how I would report international income on my IRS tax return. We own a service business and now have international partners who generate income for our company. The money is deposited in our international bank accounts then transferred to our business bank in the USA. How do we report this income to make sure we are in full compliance with existing law?

Answer: Any money that is payment to LLC held in your foreign banks or in the U.S. bank must be accounted.

Yes, if a U.S. citizen or resident has foreign accounts, he/she may be required to file Form Form TD F 90-22.1 with the Department of Treasury by June 30, 2008. The Form TD F 90-22.1 can be download from:

http://www.irs.gov/

Defense company BAE Systems enters guilty plea

Defense company BAE Systems PLC pleaded guilty to conspiracy on Monday and a judge imposed a $400 million fine, among the largest in the Justice Department's efforts to combat overseas corruption in international business. The defense contractor knowingly... BAE Systems - Defense contractor - Plea - Federal government of the United States - Conspiracy

Tax Law, Real Estate & Credit Tips : How to Start a Tax Preparation Service

Sykes Enterprises, Incorporated Reports Fourth-Quarter and Full-Year 2009 Financial Results

TAMPA, Fla. — Sykes Enterprises, Incorporated , a global leader in providing outsourced customer contact management solutions and services in the business process outsourcing arena, announced today fourth-quarter and full-year 2009 financial results.

Abunza and their compensation plan reviews

Gold Beach residents share visions for city

GOLD BEACH – Mayor Jim Wernicke has proposed that Gold Beach and the surrounding area form a park and recreation taxing district. He offered up the idea during a Thursday town hall meeting by the Gold Beach City Council to hear citizen comments and ideas about goals and visions for the city. Wernicke’s response came after one citizen asked: “Why don’t we have a theater, a bowling alley, an …

Davos Annual Meeting 2010 – Rethinking Values in the Post-Crisis World

Introducing Idea2, a Cloud-Based CRM Solution for Growing Businesses

Integrated Approach to CRM Solves Traditional Failure Points, Accelerates Customer Acquisition, Improves Customer Satisfaction and Increases Retention

Entrepreneurs Moonlighting, Don’t Quit Your Day Job