Tag Archives: taxes

Tips for Maximizing Your Travel Deductions

One of the financial benefits of being an entrepreneur is the ability to deduct business expenses from your earnings. This is something you should take full advantage of because your spending serves two purposes. Careful spending actually invests value back …

Accountable Plans — Not Just for Travel Expenses

Blog content provided by Barbara Weltman, Publisher of Big Ideas for Small Business ® Companies can use “accountable plans” to reimburse employee travel and entertainment expenses. By following IRS rules for accountable plans, employees are not taxed on the reimbursements …

Entrepreneur of the Week!

Craig is a versatile filmmaker who prides himself on making quality films—some which appeal to the masses, and others, which are grittier and more personal. Craig’s style has been called “kinetic, creative, inventive,” and he’s been described as a “Visceralist” …

Audit-Proofing Your Business

Blog content provided by Barbara Weltman, Publisher of Big Ideas for Small Business ® The IRS provides instructions to its examiners on how to audit businesses within specific industries through Audit Technique Guides. These guides cover common and unique industry …

The Invisible Tax Burden on Small Business

Blog content provided by Barbara Weltman, Publisher of Big Ideas for Small Business ® The high tax cost that successful small business owners face is obvious: high income taxes as well as costly payroll taxes. And these burdens could increase …

More Employment Tax Audits

Blog content provided by Barbara Weltman, Publisher of Big Ideas for Small Business ® Here’s one lottery you don’t want to win. Anita Bartels, Senior Program Analyst in the Office of Employment Tax of the IRS, told the audience at …

Higher Tax Cost for Self-Employment

Blog content provided by Barbara Weltman, Publisher of Big Ideas for Small Business ® More people are becoming self-employed today, many spurred on because of job layoffs. Those who have long been W-2 workers and are new to self-employment may …

If Communist China Gets It, Why Don’t We?

Blog content provided by Barbara Weltman, Publisher of Big Ideas for Small Business® Businesses need capital to startup and grow. A key way to stimulate more investment in businesses is to make risk-taking attractive. In Communist China, there is no …