The Small Business Tax Help Blog

Posts Tagged ‘tax’

Question: I need to send my laptop to San francisco from mtl, and pick up it myself. what the best ?

Hi, this is my business laptop with security software on it. Im leaving Canada for australia. But meanwhile, im going for a bike trip from Vancouver to SF, and dont want to carry the laptop with me. What would be the best solution for shipping my laptop to SF, SAFELY, and pick it up there myself ? ( i would then catch a plane to australia)
By the way, its really used laptop, any fees , taxes to pay ?
Would he be better to shift directly to australia ?
Thx for your help!

Answer: Take it to a mail service store like Fed-ex or UPS . they can pack it ( so its arrival in good condition will be guaranteed.) They should also be able to answer customs questions.

Hydro bills need fix, feds say

Thousands of Ontarians are being incorrectly charged for electricity because of a system glitch.

What is SR&ED? The MEUK solution!

Question: does a new small business need to file taxes no matter how much money it made, if any money was made at all?

how would someone file taxes that ownes a small business (on the side type of business only 3 hours a week that made very little) and works for another employer (day job)

Answer: Call the IRS. They’ll be happy to discuss the matter.

Uganda Plans Amending Income Tax Law To Tax Oil Revenue

Uganda Plans Amending Income Tax Law To Tax Oil Revenue

Tax Deduction Tips for Businesses : Filing Taxes with Capital Gains

Question: is there a tax advantage to paying my wife formally from my business if she does not work otherwise?

Answer: just be careful if you have a ltd company as there is currently a case where the revenue are trying to treat the wifes income as her husbands and therefore taxing the additional income on the husband at 40%. as long as the wife is working in the company or business, you can pay her. even if she isnt a director or secretay of a company, she will be treated like a director as husband and wife are seen as the same. best take some professional advice from an accountant to avoid any problems and get it setup correctly.

Some affluent areas qualify for tax breaks intended to benefit the poor

Businesses can save up to $37,400 for hiring in an economically disadvantaged area. But those areas are designated based on large census tracts that don’t always reflect the intended demographic. Among the advantages for those who live in multimillion dollar houses on the hillside in Los Feliz are celebrity neighbors, sweeping views of the downtown skyline, the Griffith Observatory in their …

Diamond Holiday Online Home Business (Tax Advantages) – UPDATE

Question: When will someone who doesn’t pay taxes get caught?

I know someone who is a small-business owner and also works part-time in construction under the table. He makes about 60k a year but hasn’t paid taxes in 2 years. He brags about it and buys extravagant things that he charges on his cc and never pays the bills. It infuriates me because I am a small-business owner and STRUGGLE to pay my taxes but I always do! When or will he even get caught by the IRS? I hear if you make under a certain amount of money they don’t even bother auditing you?

Answer: Sorry to give bad news but unless his boss is giving a 1099 to the gov’t he will never get audited. There is no proof that he worked. The biggest misconception is that you have to file taxes. I know of people (strippers for example) that have not files taxes in over 10 years and they are also self-employed making over 60K. But once again there is no record of the money they made.

ezPaycheck, the Safer and Easier Way to Do Payroll

Los Angeles – Small business owners no longer have to toil for hours doing payroll by hand or stare in frustration at payroll software that is complicated and unwieldy.

Tax Tips & Information : How to Calculate Federal Income Tax to Pay to the IRS

Question: What is a Reseller Application number and Sales Tax Resale #?

I’m wanting to sell on e-bay, but all suppliers want a Reseller Number , Fed ID number. What are these? Do they cost?

Answer: The Employer Identification Number (EIN) or federal tax identification number is easy to get. The Internal Revenue Service (IRS) web site at http://www.irs.ustreas.gov/businesses/small/article/0,,id=98350,00.html contains all the information you need about EIN and how to apply for an EIN electronically.

Sales tax is an excise tax imposed on the sale of goods and certain services. Check with your state’s Department of Revenue (or however this agency is called in your state) and check their procedures for getting this number for your business, If you are in South Carolina, this is their form for applying for resale certificate http://www.sctax.org/NR/rdonlyres/B07F32FC-0289-49E6-ABC2-DC1D33AE624C/0/ST8a.pdf#search=%22SALES%20TAX%20RESALE%20SOUTH%20CAROLINA%22

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NOTICE OF PUBLIC HEARING BOARD OF ADJUSTMENT CITY OF FERNANDINA BEACH A Quasi-Judicial, Public Hearing will be held by the Board of Adjustment on Wednesday, September 15, 2010 at 5:30 PM in the City Commission Chambers, 204 Ash Street, Fernandina Beach, Florida to consider the following applications: VARIANCE THOMAS GRAHAM & CORAL HADLER, 00-00-31-1520-0008-0011, LOCATED AT THE CORNER OF SOUTH …

Tax Help : Do I Need a Sales Tax ID Number?