Category Archives: Taxes

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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Year-end Tax Help from Your Uncle

From the Small Business Administration: "Thomas P. Ochsenschlager, Vice President of Taxation with the American Institute of Certified Public Accountants, will host the December Web chat on "Year-end Tax Savings for Your Small Business." Chat participants will be able to … Continue reading

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The “T” Word

Here it is, just two days before Thanksgiving.  Here in the Midwest it’s a beautiful day.  The sun’s shining.  It’s almost sixty degrees with the high expected to be in the seventies.  Why would anyone pick such an otherwise glorious … Continue reading

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