The Small Business Tax Help Blog

Archive for May, 2010

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Question: will getting a business cell phone help build my credit?

well i started a business 6 months ago i have my EIN and havent opened up any accounts, my personal credit is shot from some bad mistakes in my teen years. and want to know if getting a business cellphone with verizon, at&t, sprint etc…… will help me on the start to good business credit…..

Answer: No. They do not report on your credit report.

You can have credit that DOES report on your credit report under your business name however

Just open accounts as you dba ….(name of you business)…

The only bad things is that unless you want B2B accounts in the future your personal cred will be run too, so your past bad credit will still drag you down some for a while…but the most helpful thing would be to establish new credit under BOTH your personal and your business, and to try to negotiate with past businesses who placed the derogatory credit items to either delete them or soften them.
Time + new paid as agreed accounts = higher and higher scores, month=by-month

Coffee at the petrol station

I went through four ministers of education before finishing school. Lest I forget, I also went through a devastating earthquake that claimed hundreds of lives. I cheered with the crowds when Egypt’s national football team, coached by Gohari, qualified for the world cup.

‘Telectroscope’ Allows View Across the Atlantic

Question: Child support question -?

My son’s father has paid hardly any child support during the past several years. The last time I brought him to court to get him to pay, he claimed that he was unemployed (yet he was employed, just working under the table).. so the judge ordered him to pay only $33 per week. He’s successfully evaded paying even that.
Our case is finally being reviewed, and I am anxious to see what happens. My question is – will the court ask him to provide proof of income tax returns? I know he’s filed at least a few years out of the past ten, and claimed self employment income…

Answer: I agree with Kristiane.

Also, your avatar makes me want a hotdog real bad.

Conservative Dems balk at jobless benefits package

WASHINGTON — Democrats struggled Thursday to extend jobless benefits for people who have been out of work for long stretches as lawmakers worried about the growing budget deficit balked at a scaled down package.

City Manager “FigoneBaloney” and The City Council Raid on the Old Employee’s Pension Fund

Question: Obama and the dems are for small businesses and tax breaks for them, why don’t tea parties endorse the dems?

the republicans if elected will lower taxes on large corporations and make them pay less than small businesses do and will make it even harder for them to compete. Also according to their website http://www.gop.gov/solutions/ they aren’t offering any tax breaks to small business owners. Why do these tea baggers vote against their own best interest.

Answer: The teabaggers are a sad, sad group.

They are united in nothing but opposition to Obama, that is all.

And I’m not saying they’re all outright racists, but you must see for yourselves people.

http://twitpic.com/11yovq

Tax battle will show if reform is still possible

Look at America and Europe and it’s clear Australia has benefited hugely – in a material sense, at any rate – from the painful micro-economic reforms of the 1980s and ’90s.

R&D Tax Credit and Small Businesses – 7

Withholding too much hurts those squeaking by

IT’S ONLY MONEY: Estimating your allowances can be important if you’re on a tight budget. But it’s no easy task, and our governments take advantage of that.

Senate Session 2010-04-15 (15:45:02-16:45:18)

Question: How much will my employer withhold from my paycheck?

I am getting a job soon and i will be working part time for $8/hour I am 22 years old and single I have never ben employed so i dont know how to fill out my W-4 I need to know what taxes are going to be withheld by my employer I know there will be federal income tax, FICA, and State taxes alltogether what percentage do these taxes add up to I live in Ohio so i will be paying whatever there state income tax is and i know FICA is at 7.8% what other percent will be withheld Thanks

Answer: Go here for some handy paycheck tools: http://www.PayCheckCity.com

Computer Modelling Group Announces Year End Results

CALGARY, ALBERTA– – Computer Modelling Group Ltd. is pleased to report our financial results for the fiscal year ended March 31, 2010.

Geithner Told To Quit After E- Mails Reveal Involvement In AIG Coverup Part 2