You’ve started your own business, and now it’s time to file your first tax return. Even if you hire a business tax preparation specialist, you will need to have your files in order and make some decisions on how you want to file your return. Here are 3 tips to help with your first business […]
Small Business Tax Help
Projected 2012 Tax Legislation
A recent survey of a broad cross section of leading tax executives indicates that there is a low expectation within the business community for the passage of any important tax legislation during the remainder of 2012. Those surveyed believe that the main reason for this is the upcoming general election, along with the split in […]
California’s Statewide Compliance and Outreach Program to Visit 16,738 Businesses
Early last month, the California Board of Equalization (BOE) sent letters to 16,738 retail business owners stating that the Statewide Compliance and Outreach Program (SCOP) Team would be paying them a visit. The purpose of the visit is to educate them on sales and use tax reporting, tax compliance, and make sure their businesses are […]
Common Small Business Financial and Tax Mistakes
What are the most common tax mistakes for small businesses? Four small business tax mistakes topped the list of a recent Xero survey of 500 accountants. Failure to separate business and personal expenses Mixing business and personal expenses was the top mistake noted by 45% percent of those polled. Without professional help, you may trigger […]
Choosing a Business Tax Resolution Professional
The assistance of a qualified business tax resolution professional can be a valuable tool in attempting to resolve any type of tax issue. However, selecting a reputable tax professional can be a difficult task in itself. It is important to verify any and all credentials before hiring someone to help. Many individuals and companies who […]