The Small Business Tax Help Blog

Posts Tagged ‘business’

Question: I’m a small business doing taxes and accounting for the first time, who do I talk to?

I started a sole proprietorship in September.

My business records are stored in 2 different programs and I have a file with a handful of receipts. Plus I have 3 W-2s from previous employers.

I need to have someone do my taxes and set up Quickbooks for me. Is there one type of business that can do that or do I need to talk to a tax person and a accounting person?

Of course I’m looking for the most cost effective way to accomplish this.

Answer: Call around to smaller type accounting services instead of chain services.

Many smaller accounting companies use quickbooks as their software. They can input your information or transfer your files to their computer and also generate your tax return.

When you call the local companies ask them if they use quickbooks.

If your Quickbooks software is set up correctly for your business, your year end taxes are actuall a breeze.

Union Township continues to search for revenue

A stagnant tax base + increasing township costs = the need to cut Union Township services, said Union Township Supervisors on Feb. 15, adding that they aren’t yet ready to do that and are continuing to search for new revenue sources.

Roskam talks Democrat Middle Class Tax Increases on Fox Business

Missing Records At Former Charter School

A final audit from the state shows the now defunct Urban Youth Academy failed to document more than $241,000 in spending.

Legal Information Tips : Starting a Law Office

Question: What taxes do I have to pay when selling a Texas Residence where I haven’t lived?

I haven’t lived there so the 250k (500k for married homeowners) tax exemption doesn’t apply. Yet I do own a small business. Am I entitle to any tax exemption for that?

Answer: This is a complicated question. A lot of variables go into determining the tax due on any real estate sale. Check out the site below. It should help you figure the tax due on your property.

http://tax.cchgroup.com/FocusOnTax/2005-10/Real_Estate_Sales_and_Exchanges.pdf#search='tax%20sale%20of%20real%20estate%20texas'

Art in Times of Crisis

Though the economic stimulus to the cultural sector in Texas was scant, for its beneficiaries the funds received were a blessing.

3 Ways In Which A Small Business Can Increase Profitability

Which travel expenses are safe to deduct on your taxes?

The deadline to file taxes is just around the corner. Knowing what business travel and entertainment expenses you can and can’t deduct is critical.

What is Business Income?

Kenneth Petersen: Retirees save more with 401(k)

Q: I am a physician earning $150,000 per year and my wife is a real estate agent earning about $100,000. We are paid as independent contractors and report our income on Schedule C of our federal tax return. We each have SEP-IRA accounts for retirement savings, but would like to contribute more.

Buying a Home in 2010… Taxes Do Matter