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By JOYCE M. ROSENBERG (AP) – 18 hours ago
NEW YORK — Small business owners who compile their own income tax returns can find themselves falling into some common quicksand pits. The mistakes can be costly if they raise a company’s tax bill unnecessarily or subject it to penalties and interest in the future.
Some of the problems [...]

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Federal and state regulators increasingly want to know whether companies’ independent contractors are truly independent.
Sarah Johnson - CFO.com | US
March 3, 2010
Employers may want to reexamine how they label their workers this year, as federal and state officials vow to clamp down on the misclassification of employees as independent contractors.
The Internal Revenue Service plans to [...]

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Submitted by The City Wire staff on Sun, 01/31/2010 - 2:37pm.

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guest commentary by David Potts
Tax law allows you to deduct the cost of travel while away from home conducting business. This seems simple enough. But as with many definitions in the Internal Revenue Code, its definition of home is probably different than your definition [...]

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Nearly half of Detroit’s workers are unemployed
Analysis shows reported jobless rate understates extent of problem
Mike Wilkinson / The Detroit News
Despite an official unemployment rate of 27 percent, the real jobs problem in Detroit may be affecting half of the working-age population, thousands of whom either can’t find a job or are working fewer hours than [...]

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It is no secret that the Internal Revenue Service is under the gun to make sure its collecting as much taxes as possible in this time of economic crisis. Their newest focus: taxpayers deducting expenses for “businesses” that are really hobbies. According to IRS Section 183, a taxpayer can only deduct expenses in a profit-seeking [...]

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I am super excited about this upcoming season.  We have a new TEAM coming on board in Macon, GA.  Our ComproTax family along the Eastern seaboard continues to grow.
This has been a tough year.  It’s probably one of those many will be happy to see come and go.
I am grateful for all that I have [...]

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Home loan modifications have always been around, but most people don’t even know they existed until recently. Home loan modification is quickly becoming a household word, commonly used and understood by almost everyone. And yet there are many misconceptions and myths about home loan modification that are still commonly held.
Myth #1: You have to be [...]

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By Renee Tomell
GateHouse News Service
Posted Mar 05, 2009 @ 06:27 PM

It won’t be as much fun as a computer game, but teens can feel right at home preparing their state and federal income taxes online.
“When they are first starting out … it’s all about building good habits, so they are well prepared for future years,” [...]

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10 Tax Breaks for Small Businesses
By MainStreet.com Staff Writers

“Nothing is more expensive than a missed opportunity.” — H. Jackson Brown Jr.
Too many small businesses fail to take advantage of thousands of dollars in tax deductions owed to them simply because they don’t know about them. Working with an experienced CPA throughout the year can [...]

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BY EILEEN ALT POWELL
AP Business Writer | Sunday, April 13, 2008 |

 
NEW YORK | Before the ink has dried on your 2007 income tax return, it wouldn’t be a bad idea to take a careful look at what changes you can make this year — from adjusting your withholding to reviewing investments and adding [...]

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