Friday 03 September, 2010
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Up to $230 per month in employer-provided transit and vanpooling benefits can be provided as a tax-free fringe benefit to employees in 2010.

Fringe Benefits

Payroll Liabilities

If you have a deposit requirement, do not send tax payments with your tax return directly to the IRS. If you use the Federal Tax Deposit (FTD) coupon method, your deposit must go to your authorized bank.
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Tax Terminology

Foreign earned income exclusion

  • In 2007, up to $85,700 of foreign earned income is exempt from tax if a foreign residence or physical presence test is met.

Business

Financial tax tips, help, and answers for small business owners, entrepreneurs, and independent contractors.

Starting a New Business

Knowing what expense to deduct.

If you started a new business this year, chances are you have incurred certain costs that may require special treatment on your tax return.
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Employee Theft

Claiming the loss

With the current economic downturn, some experts suggest that employee theft will increase. So, what can business owners do if they become a victim?
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New rules will impact ATM and debit transactions

New Federal regulations will soon take effect. This change could have important implication for your business because it may lead to more debit card transaction being declined at the point of sale.
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New Health Care Law Brings Changes

Expanded coverage for older children now available.

In today’s economy, many parents have adult children who still rely on them for some financial support. As a result of the recently passed landmark health legislation that overhauls the current health care system, many adult children may now be able to rely on their parents for assistance with health care coverage as well.
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New Forms To Correct Employment Returns

The IRS has released new forms to correct employment returns. Do you need to make an adjustment?
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Business Credits

Business owners are eligible for a variety of tax credits. Here are a few credits you may qualify for:
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