by mariettacp | Mar 14, 2014 | Money Tips
Every week reporters publish stories about companies that have lost thousands, even millions of dollars because of fraud. They recount the dreadful details of business owners who learned – too late – that a lack of basic controls left their companies vulnerable to...
by mariettacp | Mar 12, 2014 | Money Tips
We all need an emergency fund, but what’s considered “an emergency?” Any unexpected hit to your finances, including layoffs, unanticipated illnesses, and natural disasters. Car insurance premiums and regular home maintenance are (or should be)...
by mariettacp | Mar 10, 2014 | Money Tips
The new IRS regulations on capitalization vs expensing are complex. But the part of the regulations that concerns most small businesses makes it easier for them to comply. Here’s an overview of the safe harbor rules for small businesses. If your average annual...
by mariettacp | Mar 3, 2014 | Money Tips
Small businesses may be missing out on an important new tax perk related to health insurance. And the stakes are even higher in 2014. The Affordable Care Act provides a tax incentive for small business owners who pay at least a portion of their employees’ health...
by mariettacp | Feb 26, 2014 | Money Tips
If you do any of the following, you will need an Employer Identification Number (EIN) from the IRS: If you operate your business as a corporation or partnership. If you file reports for employment taxes, excise tax, or alcohol, tobacco and firearms. If you have even...
by mariettacp | Feb 6, 2014 | Accounting News, Money Tips, Tax Planning, Tax Preparation, Tax Tips
Are you a parent? Give yourself some credit – a child-related tax credit, that is. Here are two that can reduce your 2013 federal income tax liability. Child tax credit. The child tax credit applies if your dependent children were age 16 or younger at the end of 2013....
