The staggering statistic is that most small businesses fail within the first four years. A successful business is continuously growing and adapting to the current business environment and not resting on its laurels. For the top 10 avenues of potential failure and how to avoid some of the pitfalls associated with them, read this C.P.A. Insight.
When you hire a tax adviser, you are paying for more than the preparation and filing of your returns. A tax adviser’s job is to be creative enough to structure your financial situation to take advantage of as many deductions as possible. For more information on how to work with a tax adviser and what your responsibilities are, read this C.P.A. Insight.
When you hire a tax adviser, you are paying for more than the preparation and filing of your returns. A tax adviser’s job is to be creative enough to structure your financial situation to take advantage of as many deductions as possible. For more information on how to work with a tax adviser and what your responsibilities are, read this C.P.A. Insight.
It may be before Halloween, but now is the time many companies begin to think about holiday gift giving for their important clients. It may be the thought that counts, but the IRS has limits on how much a gift can cost and still be considered a business tax deduction. For more information on business gift giving, read this C.P.A. Insight.
If you suffered any flood damage from Georgia’s September storms, you may qualify to take a casualty loss on your tax return. As with all tax deductions, there are several criteria that must be met. For more information on casualty loss and disaster relief, read this C.P.A. Insight.
The American Reinvestment and Recovery Act of 2009 provided several tax incentives regarding saving for college and paying tuition for higher education for the 2009 and 2010 tax years. For more information on how the Act affects 529 College Savings Plans and the newly created American Opportunity credit, read this C.P.A. Insight.
If you are interested in starting your own business, there are several professionals that you should consult along the way so that you can focus your time and efforts on what you do best. For more information on working for yourself by starting your own business, read this C.P.A. Insight.
As part of 2009’s stimulus package, the federal tax withholding tables were adjusted. However, these adjustments created an underlying issue of potentially underpaying federal income taxes. While the IRS attempted to readjust and reissue withholding tables, some taxpayers may still be affected. For more information on how these changes may affect you, read this C.P.A. Insight.,/p>
Telecommuting offers employees the opportunity to work from home, while employers can enjoy paying for less office space. However, if you are fortunate enough to be able to telecommute, there are some tax implications you should consider. For more information on deductible telecommuting expenses, read this C.P.A. Insight.
A company-provided automobile makes for a wonderful non-cash fringe benefit. However, personal use of the auto can create undesirable tax implications. For details on how to minimize the benefit that is subject to income tax, read this C.P.A. Insight.
