ComproTax Talks!

Tips for the Finance-Savvy, Tax-Sexy Business Owner
By Barbara Mannino
- FOXBusiness

Here are tips for how to live your dream and not let it turn into a financial nightmare from credit-and-debt management expert Clarky Davis, tax-specialist and author of The Tax Lady’s Guide to Beating the IRS: And Saving Big Bucks on Your Taxes Roni Deutch [...]

Read Full Post »

The Internal Revenue Service urges small businesses to act now and take advantage of tax-saving opportunities included in the economic recovery law.
The American Recovery and Reinvestment Act, enacted in February, created, extended or expanded a variety of business tax deductions and credits.
Because some of these changes — the bonus depreciation and increased Section 179 deduction, [...]

Read Full Post »

(CNN) — It is at least 1,000 pages long. It costs $787 billion. And it’s as thick as two telephone books.

Experts say home-based workers can benefit from tax changes in the stimulus package

The size and scope of President Obama’s stimulus package is staggering. But for many Americans who work at home, their concerns about the [...]

Read Full Post »

George Jansen
If you’re a small business owner, you put your heart, soul—and most of your time—into your business. Unfortunately, sheer hard work doesn’t always translate into financial security, so you’ll need to take some additional steps.
Here are a few to consider:
Protect your business against the loss of a key employee. If you have an employee [...]

Read Full Post »

By Associated Press / Small Talk
Wednesday, February 27, 2008 - Added 37m ago
NEW YORK - Many small business owners live in fear of an audit by the IRS, but the reality is that relatively few will ever have to go through an exhaustive examination of their books, invoices and receipts. What’s more likely is that they’ll [...]

Read Full Post »

WASHINGTON — In addition to providing stimulus payments to individuals, the Economic Stimulus Act of 2008 provides incentives to businesses. These incentives include a special 50-percent depreciation allowance for 2008 purchases and an increase in the small business expensing limitation for tax years beginning in 2008.
50-Percent Special Depreciation Allowance
Depreciation is an [...]

Read Full Post »

A dozen deductions for your small business

By Dana Dratch • Bankrate.com

 
But that doesn’t mean you should cheat yourself. Take every legal deduction you can. Here are a dozen that even savvy small-business owners and entrepreneurs sometimes forget:

The deductible [...]

Read Full Post »

From Tiare Rath
Owning a small business can be taxing enough without unduly involving the Internal Revenue Service, so take care to avoid small-business audits. Small-business owners, especially sole proprietors, are at special risk of being audited, because the IRS believes self-employment incomes are grossly underreported, experts say. The agency increased its number of small-corporation audits [...]

Read Full Post »

By David Gass
There are so many benefits to incorporating your business and doing so now rather than waiting until the end of 2007 or beginning of 2008 will provide even more.  Here is a list of the top reasons anyone should incorporate with a few added reasons why you need to do [...]

Read Full Post »

By Richard A. Chapo
digg_title = ‘Self-employed Tax Strategies’;Self-employed individuals always cringe at the amount of taxes the pay to the IRS and state. Here are tax strategies for self-employed individuals that reduce those tax amounts.
 The good news is being self-employed is one of the best tax strategies out there. Unlike a salaried employee, [...]

Read Full Post »