Archives Category: Taxes

Turn Personal Expenses Into Business Deductions
April 24, 2007
by Thomas Norton - Most small business owners have heard that they're supposed to get special tax breaks. The problem is, they don't know what they are or how to go about claiming them. Not surprisingly, the IRS doesn't go out of its way to spell it out for you when you go to file your income taxes!
How to Avoid Double Taxation while Operating your Home Based Business
November 10, 2006
by Wayne M. Davies - From a tax standpoint, there are both advantages and disadvantages to incorporating.
The Low Down on Self Employed Quarterly Taxes
September 27, 2006
by Arika Lewis - Do I Have to Pay My Taxes Quarterly?
Advantages And Disadvantages Of Using Tax Software
August 11, 2006
by Gray Rollins - Before learning about the different advantages and disadvantages of tax software it is important that taxpayers learn the different types of software programs that are available.
How To Audit-Proof Your Tax Return Forever: A Recent Close Encounter Of The IRS-Kind
February 23, 2006
by Wayne M. Davies - Congress has passed legislation that is supposed to result in a more "sensitive" Internal Revenue Service. You
know, not such a lean, mean, tax-collecting machine. Hmmm . . . . What do you think?
How To Avoid Double Taxation Of Your Small Business Profits
February 07, 2006
by Wayne M. Davies - From a tax standpoint, there are both advantages and disadvantages to incorporating. Yes, forming a corporation can either reduce your taxes or increase your taxes, depending on what type of corporation you create.
Keeping Track of Your At-Home Business Expenses
January 25, 2006
Jan K., The Proofer - If you are new to working at home, then you might not be aware that you can legally deduct many types of valid business expenses.
Is Your Ebay Income Taxable?
September 30, 2005
by Kirsten Hawkins - The income you get from selling items on eBay is just like the income you get from any other business: it is taxable, at least in theory. In practice, many get away without declaring profits from their eBay sales just because they’re hard for the government to track. If you want to be strictly within the law and legit, though, you should be paying tax.
Home Based Business Tax Deductions
September 28, 2005
by Tara Grant - Running a home based business reaps many wonderful tax deductions that other businesses some times may not claim. Unfortunately too many small business owners end up paying the government taxes every year because they are unaware or several small business deductions that are available.
How To Do a Quick Estimate of Your Self-Employment Taxes
August 09, 2005
Jan K., The Proofer - Once you become self-employed, either full-time or part-time, you will need to pay self-employment taxes. These taxes are in addition to your federal and state/city income taxes, and represent the deductions an employer would normally take for what is usually called “Social Security” tax (or FICA and Medi-Care taxes). You must self-report and pay these taxes based on your annual net taxable self-employment wages.
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