Category Archives: Taxes

A Word to the Wise – Part 2

We did a posting back in February about how the IRS and several states were starting to scrutinize  companies that were changing the status of employees to independent contractors mainly for tax purposes. If you missed the posting or would … Continue reading

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A Word to the Wise

There was a short article recently in USA Today about how the IRS and several states are keeping a close eye on companies that are changing the status of employees to independent contractors. Since many small businesses legitimately use independent … Continue reading

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The Section 179 Deduction Might Save You Some Money

[Official disclaimer] Keep in mind as you read this that I'm not a tax adviser.  I've never even played one on TV.  However, I have stayed at the Holiday Inn Express. Aparently Section 179 of the IRS code isn't widely … Continue reading

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IRS Appoints New Small Business Commisioner

I know you’ve been waiting impatiently for this news so here it is.  According to the Washington Post, the IRS has appointed Christopher Wagner to the post of Commissioner of the Small Business and Self-Employed Division (SB/SE).  Wagner replaces Kathy … Continue reading

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Small Business’ Top 10 Complaints

The National Federation of Independent Business recently polled 3,530 of their closest friends asking them to identify their biggest concerns.  Their top ten choices were: Cost of health insurance Cost of fuel Federal taxes on business income Property taxes Tax … Continue reading

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IRS Raises Standard Mileage Rate for the Rest of 2008

WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2008. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for … Continue reading

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Good News for Small Business

As you probably know by now, President Bush signed the economic stimulus package into law yesterday.  Here’s a press release from the Small Business Administration on the new legislation" WASHINGTON:  Steve Preston, Administrator of the U.S. Small Business Administration, made … Continue reading

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Six Resources to Help with Your Taxes

I know you hate to think about it, but April 15 is just 2 1/2 months away.  In spite of all the talk about tax relief, Americans still have to go through the annual ritual.  This year the big day … Continue reading

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President Bush’s Economic Stimulus Plan

The President has just presented his proposed economic stimulus plan.  He says he’s confident that the plan will get bipartisan support from both houses of Congress.  As the day goes on, I’m sure we’ll hear plenty of analysis and commentary, … Continue reading

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An Excellent Resource for Small Business

From a press release from the Small Business Administration: "WASHINGTON – Business.gov, the official business link to the U.S. government, has launched new search features and expanded content that make it easier for small business owners to find essential information … Continue reading

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