Turning A Business Trip Into A Vacation
Bringing family or friends along on a business trip and extending your stay can be an excellent way to fund a portion of your vacation costs and save taxes. But if you’re not careful, you could lose the tax benefits. Generally, if the primary purpose of your trip is business, then expenses directly attributable to [...]
New 1099 Reporting Requirement
Here is a little tidbit that could be a huge problem for your business: beginning with the 2011 tax returns, you are required to disclose whether or not you are required to issue 1099 forms to independent contractors. Declaring that you are not required to, if in fact you are, is perjury. Not only will [...]
Small Business Health Care Credit
Are you a small employer…… With fewer than 25 full-time equivalent employees? That pays an average wage of less than $50,000 a year? And pays at least half of employee health insurance premiums? ….then this tax credit may be for you. Check out this IRS Tax Tip. Need help to determine if you qualify? Or [...]
