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Small Business Taxes

Most common tax mistakes made by small business owners

Do not let these tax requirements surprise you!   You may look at your small business as a temporary substitute for full-time employment. A lot…


How to know if your small business qualifies for the “small seller exception” in Marketplace Fairness

Here's what to do if it passes. If passed, as is, the Marketplace Fairness Act will exempt small sellers from state sales tax. I take…


Small business owners favor tax reform to reduce complexity

Complexity and inconsistency within the tax code continue to be major issues for small business owners. According to a survey conducted by the National Small…


Why is my SECA Tax more than my friend’s FICA Tax?

What is SECA, why I pay more for Social Security, and how is that even fair   You may have noticed the remarkably high self-employment…


Who does the IRS trust, and are you on the list?

Using IRS data on tax filings and audits in 2012, I look at what types of businesses, tax forms, and income levels are at the…


Small business structures for couples

What are the differences, and which is better for your small business?   Elsa and Bill are recently married and considering whether to ‘marry’ their…


Estimated tax payments ? tips for managing your small business

Optimizing your estimated tax payments can give your business a competitive edgeMichael Dell did not discover electricity, nor the transistor, but he revolutionized PC sales…


Tax preparation for businesses

If you are a self-employed individual or the owner of a small business with no employees, you can file your business taxes along with your…