Article Category: Back Taxes

Tax Alert for Small Business Start-Ups!

Posted on: April 3, 2014

  Tax Alert for Small Business Start-Ups! – Any new business owner will soon realize that business taxes are one of the largest business expenses. This being the case, saving money on tax dollars is one of the most effective ways of increasing profitability. However, since the IRS tax code governing the start-up and continuing operation of a small business is so fluid and complex, keeping up with all of the available small business tax breaks can be a daunting task in itself. Outlined below are some of the ways that small businesses start-ups can save tax dollars in 2014. … [Read more…]

Some Small Businesses May Owe Back Taxes In California

Posted on: November 7, 2013

A court ruling from December of 2012 could result in many small business investors in California owing large sums of money in back taxes from a practice now deemed unconstitutional.  Five years ago many small business investors in California were promised a tax break.  The investors were told that if they invested in specific types of businesses, they would receive a large tax deduction.  Now these same investors are being told that they could receive tax bills that for up to $250,000 for deductions that were granted under tax laws that were on the books at the time the investments … [Read more…]