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Time to do some planning about capital gain tax. On January 1, 2011, the capital gain tax reduction that was signed into law by President Bush under the Tax Increase Prevention and Reconciliation Act will “sunset.” The tax rate will revert from the current 15 percent rate back to the former 20 percent capital gain [...]
Do you need to set up employees according the new HIRE Act (W-11 payroll exemption)? If you are using our payroll system we can do it for you or you can follow the instructions: To comply with the HIRE Act, you may mark an eligible employee exempt for employer Social Security contribution in the payroll [...]
We can help you with 1099-MISC filings. Provide us a list of your contractors (name, address, EIN or SSN and amount to report). Include your company information (name, address, EIN). Include check or $50 credit card payment and we will file 1099 for you. Important 1099-MISC Filing Deadlines Due Dates Action Item February 1, 2010 [...]
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Question: Where do I file corporate tax return if my Nevada corporation doesn’t have any income? If you have a C corporation (regular corp.) you can fill out 1120 IRS form for federal taxes. Nevada doesn’t have any state taxes therefore you don’t have to worry about state tax return. Form 1120: http://www.irs.gov/pub/irs-pdf/f1120.pdf Instructions: http://www.irs.gov/pub/irs-pdf/i1120.pdf
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Every wonder if the trip you are taking can be classified as business trip for tax purposes? Want to know what expenses can be deducted? What meals can be deducted? Difference between deductions for travel in the U.S.A. and international trips. For example decuctions for meals: Actual cost 50% limit Standard meal allowance. Per diem [...]
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Here is information directly from the IRS regarding small business tax deductions. The American Recovery and Reinvestment Act (ARRA), enacted in February, created, extended or expanded a variety of business tax deductions and credits. Because some of these changes—the bonus depreciation and increased section 179 deduction, for example—are only available this year, eligible businesses only [...]
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