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Monthly Archive:: May 2021

How to Save Thousands with an S Corporation

TweetShareSharePin0 Shares How to Save Thousands with an S Corporation Source: Flickr How to Save Taxes with an S Corporation Ever wondered why so many small businesses—more than 3,000,000 at last count—operate as an S corporation? Simple. An S corporation saves business owners big taxes in three separate ways: First, as compared to regular corporations

How to Save Taxes with an S Corporation

TweetShareSharePin0 Shares How to Save Taxes with an S Corporation Source: Flickr Ever wondered why so many small businesses—more than 3,000,000 at last count—operate as an S corporation? Simple. An S corporation saves business owners big taxes in three separate ways: First, as compared to regular corporations (sometimes called C corporations), S corporation owners can

Cafeteria Benefits and Your Workforce

TweetShareSharePin0 Shares Cafeteria Benefits and Your Workforce Source: Flickr Especially if you happen to be one of those unflinchingly ambitious micro-business entrepreneurs, I’ve been reading about everyday in pubs like Crain’s Chicago Business, you’ll eventually find that designing and offering up an attractive employee-benefits package will be an essential component of your future growth. An

Preparing for Tax Preparation

TweetShareSharePin0 SharesPreparing for Tax Preparation Being prepared for your tax appointment can really pay off in terms of maximizing deductions and minimizing tax as well as lowering fees charged by your preparer! Additionally, you should be able to walk away from your tax appointment with peace of mind that your returns are complete and accurate

What You Need To Know About Taxes If You’re Getting Married

TweetShareSharePin0 Shares What You Need To Know About Taxes If You’re Getting Married Source: Flickr It may not be high on the list of wedding planning activities, but there are a few simple steps that can help keep tax issues from interrupting your newly wedded bliss. If you recently married, check out your new tax

Professional Tax Filers-To Use One or Not

TweetShareSharePin0 SharesProfessional Tax Filers-To Use One or Not Tax time is almost here again and this year you are wondering if you could just do things yourself. To make this decision a little easier you need to consider how the cost of buying a tax preparation software program compares with paying professional tax filers to

IRS Holding $2 Billion In Unclaimed Tax Refunds

TweetShareSharePin0 Shares IRS Holding $2 Billion In Unclaimed Tax Refunds Source: Flickr Every year, the IRS announces that it is holding unclaimed tax refunds. Taxpayers have a limited time to claim the $2 billion dollars the IRS is currently holding. Three years is a magical number when it comes to tax returns. It refers to

CNC Rotary Tables

TweetShareSharePin0 SharesCNC Rotary Tables A CNC Rotary table is a piece of CNC milling equipment used for precision metalworking. It is similar than a dividing head or indexing head except that it is fixed to be used in only two planes, the horizontal plane and the vertical plane. A CNC Rotary table is used for

Questions and Answers on Home Foreclosure and Debt Cancellation

TweetShareSharePin0 SharesQuestions and Answers on Home Foreclosure and Debt Cancellation Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief. This provision applies to debt forgiven in 2007, 2008 or 2009. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million

Understanding Employee Taxes

TweetShareSharePin0 Shares Understanding Employee Taxes Source: Flickr Employee taxes can be one of the most difficult to understand areas of running a business and hiring employees. If you don’t understand all of the complexities involving employee payroll tax, it can also get you into a heap of trouble. The first employee tax factor you should
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