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Insider on: tax return preparation filing
What the Austin Plane Crash Means for Small Businesses
On February 18th 2010, Andrew Stack III allegedly crashed a Piper Cherokee PA-28 into the Internal Revenue Service building in Austin, Texas. In an apparent suicide note, Stack railed at the government and the IRS, and quoted Section 1706 of the 1986 Tax Reform Act. But what does 1706 say, and how does it affect you as an employer? And yes, it probably does.
Tax credit service - Why the WOTC is nothing to do with your tax preparer
The WOTC tax credit can save you up to $9000 per year for each qualified new hire you make. So why aren't you taking advantage of it? Here's a few things to consider when you decide whether you want to manage it internally or outsource it.
I need a tax credit services vendor--how do I pick one?
What should you consider when looking for a tax credit services provider. There is no substitute for track record and testimonials. And since there are only a few things that will sink your business faster than a bunch of IRS fines, penalties and liens, your provider's first priority should be to protect your business.
I want to handle all my own tax credits.
If you hire a lot of new hourly employees each year, it probably makes sense to outsource your tax credit management. But if you only hire a few people, it can be a smarter financial move to handle it yourself--just know that there's a learning curve, and you need to be very organized.
How depreciation works
How does depreciation work on business equipment? Depreciation is the government's way of rewarding your business for using increasingly cruddy stuff. Somehow, that makes sense.
Which companies offer tax credit services?
If you're looking for a company to help you maximize the number of tax credits you claim, and minimize your tax burden, here's a few pointers you might think about.
Startup Accounting 101 - A presentation by Mint.com CEO Aaron Patzer
Aaron Patzer, CEO of Mint.com, discusses startup accounting and the financial history of Mint.com, which recently bought by Intuit for $170 million. Slides and video of Patzer's presentation are included.
Taxes - How Do I Choose a Tax Preparation Company?
A good preparer also has the business acumen to tell you when you should make changes to the way you work. Anyone can run Quicken or use H&R Block automated tax preparation software. It takes brains to know how to use the tax information to glean business insight.
Taxes for Entrepreneurs
Your First Tax Season
If, like tens of thousands of individuals in 2009, you started a business, 2010 might be the first time you’ve ever needed to file business taxes. You might think that they’re just like individual taxes, but you’d be wrong. Business taxes are the Complete Works of Shakespeare. Your individual taxes are the Cliff Notes of “Where’s Waldo?”
Taxes - Why Should I Pay Someone to Do Them?
If you fully understand how to apply the dozens of different classification categories for depreciating fixed assets on a double-declining basis, feel free to keep your own tax records. Of course, if you do you’re probably an accountant, so that’s not exactly fair.