to Discuss Your 2013 Taxes (7 Tax Law Changes You Must Know Now)
OK, nobody loves tax season. If you're feeling stressed out by the looming April 15th tax deadline (or the just-passed deadline for company taxes!), take a break. Forget 2012 taxes for a moment and instead look ahead to April 2014. Why? Because the tax code has changed effective January 1, 2013 and what you are doing today
The sun has set on 2012 and your year-end financial statements look a bit gloomy. Maybe you are showing a bad loss - or maybe too much profit. You need financial statements that will impress your banker, incur less tax, and better position you for profits in the new year. But how?
Fortunately, accounting rules are flexible enough to help you out without getting you in hot water, In fact,
It's a shame, really, that we have to interrupt our joyous year-end holidays with gut-wrenching year-end tax prep... So to minimize the pain, I've put together a quick list of the 6 things I think you should know this year. Put down the fruitcake and eggnog for just a second, and be sure your business is ready to wrap up the year.
Forms 1099-MISC Businesses are required to send a 1099
If you’ve been dreaming of the day you can sell your business and retire to that hammock in Waikiki, now might be the time to take the plunge. Yep, despite the slow recovery, 2012 is shaping up to be a great year to cash out and embark on a different kind of journey, one of leisure! Here are a few reasons that the best to time sell your company might be right now:
The global market is
Hard to believe, but the IRS wants to forgive all the taxes you did not pay for misclassified 1099 contractors who should be employees. Ever.
You know the deal. Outsourcing is so easy that you started paying some employees as 1099 independent contract labor too. You save time and paperwork... and a bunch of money on taxes.
But it's not legal, and the penalties are harsh. It's time to
President Obama announced his new American Jobs Act and promised it would invigorate small businesses. I’m often skeptical of the impact of any regulation, but this bill has a lot in it for you and me as business owners.
There are 3 key sections that you should know about. Here’s my summary of those segments. If you have specific questions about other sections of this act, feel free to ask