small businesses

section 179 says office furniture, like what you're looking at now, is eligible for deduction in tax year 2015. It's among the biggest small business owner tax breaks for 2015.

Small Business Owner Tax Breaks For 2015

Accounting and Tax Advice / Tips|defined benefit plan, mileage deductions, profit sharing plan, small businesses, startups, truck and auto expenses

This post briefly outlines the best tax breaks available to small business owners this tax year, 2015. Fixed Assets Deduction For 2015, the IRS will allow business owners to deduct up to $25,000 on fixed …

Tax Mistakes That Get You Audited

Accounting and Tax Advice / Tips|employees vs subcontractors, IRS, payroll taxes, small businesses, startups, tax mistakes

Owning a small business is difficult. A business owner wears a lot of hats. They are the HR Department, the head of advertising and marketing, chief of operations, and Chief Financial Officer. Despite the fact …

If You Can’t Pay Your Taxes In Full

Accounting and Tax Advice / Tips, Tax Laws, Tax Problems|collection information statement, form 433-f, form 9465, individuals, installment agreement request, IRS, small businesses, startups, tax mistakes

Some individuals and businesses owe more tax than they have funds to pay in full. If you want to avoid the IRS from taking away your assets, they have installment plans that will allow you …

black and white photo of a calculator and fancy pen sitting on top of some business papers on the financial tools page

Tax Collection And Small Corporations

Tax Laws, Tax Problems|small businesses, tax collecting

Owners of small businesses and sub chapter S-Corporations have often allowed profits to flow to the shareholders as distributions taxable at ordinary rates. The IRS is currently focusing on tax collection from small corporations. The …

Woman trying to figure out an offer in compromise. Her head is in her hands, tax forms and and a calculator on the desk in front of her.

Is An Offer in Compromise Worth Your While?

Tax Problems|individuals, IRS, offer in compromise, reasonable collection potential, small businesses

Many clients who owe back taxes want to eliminate or negotiate a reduction in the amount owed. Such a negotiation is called an Offer In Compromise. This post will explain an offer in compromise and …