The Small Business Tax Help Blog

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Authors@Google: David Plouffe

International Forecaster July 2011 (#3) – Gold, Silver, Economy + More

Government debt will be in the vicinity of $1.5 trillion this year. Ever since May 16th short-term debt has been frozen at about $14.3 trillion. Up until May 16th the year-to-debt fiscal debt was $783.135 billion.

Presidential Press Conference on Tax Cuts and Unemployment Extension

Question: What steps do I need to take to start a small massage business going to other peoples homes in Pennsylvania?

I have already done the schooling and have been doing massage for 7 years but never had my own business. What c=kind of steps do I have to take. Can I just start going to people’s homes and then just keep records when it comes to tax time enter my earnings and pay taxes on them? Not sure where to start. I am legitimate so no smart remarks please. I only plan on Massaging women bc sometimes men usually tend to put you in awkward situations. I have been through too much of that in the past. The only way I would massage a man is if his wife or significant other would be in the home. Thanks for your time!

Answer: Get a business license and advertise.
A simple monetary book to keep track of payments, expenses.
Keep track of mileage, gas, tires, oil and repairs for deductions. Keep your reciepts.
I would avoid using an internet connected computer to record activities and money. You could also partner up with a man and hit clients homes at the same time thus avoiding embarrassing situations and other hazardous environments. Also include in your ads, “Satisfaction. Not happy endings” or something similar that shows a quality of service.

Mosney PLC – Interim Management Statement

Mosney PLC – Interim Management Statement

1st HST Forum in Dawson Creek: David Robertson on BC’s Tax Sovereignty under the HST

Hundreds of millions lost on stalled or abandoned HUD projects

Nationwide, nearly 700 projects awarded $400 million have been idling for years

Learn How to Stop Foreclosure in Texas @ www.StopYourForeclosureOnline.com

Question: How to calculate state and local taxes for paycheck in Los Angeles county based business?

Hi, I just started a very small business in El Segundo which is a part of LA County. I’m handling the payroll, and I was hoping that I could get some help calculating a paycheck. The employee is a single male and his salary is $12/hour with a total of 100 hours logged over a 3 week period (1200 total) with no benefits. Normally payments are made twice a month, but pay was not sent on the first of this month. Should I still calculate the Fed withholding tax as 2x a month or just change it as monthly for this pay period? Can I do that? Also note that this employee is a temporary worker.

So far I have social security, Medicare, and the fed withholding tax figured out (just not sure if I should calculate it as 2x a month or monthly payperiod). I’m not sure how to calculate the State and Local taxes at all and would appreciate if someone could either tell me or lead me to a site where I can find out how. Should I worry about any other calculations?

Answer: Same as anywhere else in the state

Grubb & Ellis Healthcare REIT II Reports First Quarter 2011 Results

Grubb & Ellis Healthcare REIT II, Inc. today announced operating results for the company’s first quarter ended March 31, 2011. Â

iTiki: See what real people have to say about the first, authentic, tiki-based iPhone case…