Self-Employed Can Deduct Health Insurance
Individuals with policies in their name or that of their business can deduct premiums as long as they weren’t eligible for coverage via another source Read more
View ArticleWho Should Take a Home-Office Tax Deduction?
According to data compiled in tax year 2009, more than 4 million Americans claimed the home-office deduction on their tax returns. That’s about 3 percent of the total 140 million returns filed in 2010....
View ArticleLook Out, Here Comes the 1099-K
Starting in January 2012, business owners will begin getting new tax forms issued by their credit-card and online-payment processors and intended to keep businesses from hiding income. The form, called...
View ArticleHow Form 1099-K Affects Americans With Overseas Businesses
If you are living outside the U.S. and using a foreign address on your credit-card and electronic payment accounts, you will probably not be issued the new 1099-K tax form, says Barbara Weltman, a New...
View ArticleFamily Businesses Should Plan Now for Rising Gift Tax
The 2010 law governing gift and estate taxes is set to expire at the end of this year. For 2013, assuming Congress does not act, the lifetime limits on gift tax will fall from $5.12 million to $1...
View Article10 Tips for Small Business Owners to Close 2012 and Get Organized for 2013
It’s that time of the year again when it’s out with the old and in with the new. This month is the ideal time to clean out business files to get a fresh start for the new year and get paperwork...
View Article
