Posts Tagged ‘tax’
Making Work Pay Tax Credit
February 9th, 2010 | 
Author: 
Yes, we are back, rested and ready to hit the road running after a little break over the Holiday season! To start off the new 2010 tax year, I wanted to cover a topic that will affect most taxpayers in a positive way , the Making Work Pay Tax Credit.
Posted in Personal Finance, taxes | 
Tags: accounting, American Rcovery and Reinvestment Act of 2009, earned income, earned income credit, find a good accountant, Fredrick James, independent contractor, IRS form 2210, Making Work Pay Tax Credit, Schedule M, tax, tax credit, taxable income, taxes | 
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Tax Problems & Offers in Compromise: As Seen On TV
Uncle Sam isn't one to take "no" for an answer
Unemployment Benefits: No Free Bailout For You
It’s been a tough year for Americans, and the numbers are looking pretty grim as we go into the Holiday Season. Florida’s overall unemployment rates are hovering just over 11% and nationwide they’re around 9.6%. According to The Wall Street Journal, the average length of official unemployment increased to 24.5 weeks, and the numbers of long-term unemployed has jumped to an all-time high of 4.4million. Everyone feeling jolly yet?
Well, there is one small ray of sunshine: Last week President Obama signed the unemployment extension legislation which provides for 14 weeks of extended benefit coverage for every state and an additional 6 weeks, for a total of 20 weeks, in high unemployment states where unemployment is over 8.5%. Read the rest of this entry »
New to Self-Employment Business Orientation: How to Avoid Tax Problems & Pave the Way to Success
Today people have more choices than ever before when it comes to making a living. Even those who keep their regular full time positions as employees are taking on side work as independent contractors and some are choosing to make the leap to full time self employment or starting their own small business.
Make sure you have your “parachute” packed when making the leap from employee to sole proprietor!
Its Here & There Is No Escape: Business Tax Return Deadline Sept. 15
I hate to be the bearer of bad news, but the time for putting off your business tax return is over. But, of course, you’ve already turned in your paperwork to your Accounting professional and you’re all set to go because you know corporate and partnership tax returns are due September 15, 2009 (assuming an extension was filed), right? So there’s no need to also mention that individual tax returns are due October 15, 2009 (again assuming an extension was filed)? Uhhh, riiiggghht…
Doh! I forgot to file my taxes!
Posted in Business Finance, taxes |
Tags: accounting, extensions, good business practices, late filing, small business, tax, tax law, tax return, taxes |
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Starting Your Own Business: Choosing Your (Tax) Words Carefully
“Small businesses create most of the nation’s new jobs, employ about half of the nation’s private sector work force, and provide half of the nation’s nonfarm, private real gross domestic product (GDP), as well a s a significant share of innovations.” -SBA 2008 report to the President
There has been so much media coverage about the current economic decline here in the US that it is easy to find ourselves feeling helpless and, at times, hopeless that the situation will ever turn around. Fear not, my fellow Americans, the end is far from near. Adversity is actually a good thing for our economy—economic upheavals, historically, have proven to be the motivation needed to shake Citizens out of their industrial stupor and get them thinking about new ways to do business, new niche products or services that are not being provided and creative ways to make a living.
Posted in Business Finance, taxes |
Tags: deductions, economic downturn, employees, federal tax, income taxes, independent business, independent contractor, Medicare, new business, payroll taxes, Social Security, tax, tax deductions, tax law, tax payments, tax withholding, taxable income |
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So You Thought Your Home Foreclosure Was the End of Your Troubles, Huh? ( Part 1)
With unemployment rates Nationwide reaching 9.7% in June 2009, and here in Tampa bay area topping the charts this month at 10.4%, in combination with a dismal housing market many homeowners are facing the grim reality of being stuck between the proverbial rock and a hard place; sell at a loss or default on your loan. Unfortunately, even in these situations there are tax issues that can haunt you down the road…just when you think you’ve gotten through the toughest part of your ordeal.
Obviously this isn’t going to be the sunniest blog I’ve posted, but my hope is that readers can use the knowledge I’m sharing to empower themselves; an important step toward starting the financial and emotional recovery process.
Tax Day – Gone Today But Not Forever
So today is Tax Day and as the final return is filed, the last client steps out the door and we all sit back to congratulate ourselves on a job well done, it is also the day we launch our new Blog!
Because we are a progressive accounting firm that believes in utilizing the latest tools and technology to help us educate our clients and improve their lives, it was a natural fit to settle in here.
Posted in Business Finance, Personal Finance, taxes |
Tags: accounting, bookkeeping, Fredrick James, tax, tax law, tax return, tax season, taxes |
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