US Business Law / Taxes Sitemap - Page 7
New TurboTax Pricing - Additional Fees Removed
Back in November, I reported that the purchase price for TurboTax included only one return, and that additional returns were charged $9.95 each. Now, the
New Years Resolution for Your Business- Get Financial Records Back on Track
New Years Resolution for Your Business- Get Financial Records Back on Track
New Years Resolutions for Making 2012 Your Best Year Yet
Want to make 2011 your best year yet? Spend a few minutes on this great article put together by Susan Healthfield, About.com's Guide to Human Resources.
New Years Resolutions for Your Business - Get those Business Systems Back on Track
Yesterday, I talked about two core financial systems you must get on track in 2011: setting up and maintaining a record keeping system, and creating and
New Years Resolutions to Get Your Business Back on Track in 2012
Do you make New Year's resolutions? Even if you don't make personal resolutions, you might want to think about making some resolutions to get your business
New York Serious About Finding Misclassified Employees
The mis-classification of workers as
New from IRS - How to Claim the Health Care Tax Credit
The IRS has just issued final information on how you can claim the new small business health care tax credit. This credit, which is included in the Affordable
Nexus - Tax Nexus
Describes the term
No "Leap Year" For Business Tax Filings
2008 is a Leap Year. But not for taxes. You don't get an extra day to file your employment tax forms. You must provide information to employees and
No Bathroom Deduction for Home Business Owner
No Bathroom Deduction for Home Business Owner
No Dogs Allowed in Your Home Office!
I love dogs, but there is a time and place for them, and maybe it's not a good idea to (a) deduct dog expenses for your business or (b) allow your dogs in your
No FICA Taxes on Severance Pay - Is Your Business Eligible For a Refund?
A recent District Court decision affects employers who have deducted FICA taxes (Social Security/Medicare) from severance pay for laid-off workers. In U.S. v.
No Fooling! 2010 Business Tax Savings You Might Have Missed
Happy April Fools Day! I'm not fooling when I tell you about some business tax deductions and credits that can save you money on your 2010 taxes: 1.
No Payroll Tax Cut for 2012, Says the U.S. Senate
No Payroll Tax Cut for 2012, Says the U.S. Senate
Non Conforming Use - What is Non-conforming Use
Non-conforming use
Non-Compete, Non-Disclosure, Non-Solicit - What is the Difference?
How do you put a genie back into the bottle once it is out? Businesses have a difficult time keeping their closely held secrets, employees, and customers from
Non-compete Agreement - Agreement Not to Compete - Contesting a Non-compete Agreement
Discusses whether someone can contest the legality of a non-compete agreement.
Non-compete Agreement - Agreement not to Compete
Considerations in non-compete agreements.
Non-compete Agreement - Non-compete Agreement as Expense - Non-Compete as Tax Deduction
Agreement not to compete as a business expense.
Non-compete Agreement - Non-compete Usage - Non-competition Agreement Types
Situations in which a non-compete agreement is used.
Non-compete Agreement - State Legislation and Non-compete Agreements
Discussion of state legislation involving non-compete agreements.
Non-compete Agreement vs. Non-Disclosure vs. Non-Solicitation
Explains the differences between a non-compete agreement, a non-disclosure agreement, and a non-solicitation agreement.
Non-compete Agreements - Two Sides of the Coin
A non-solicitation clause in a non-compete agreement may protect you, but it may not - it's a two-sided coin. Here is what I mean: If your employee signs a
Non-solicitation Agreement - Non-solicit Agreement
Non-solicitation agreement
Non-stock Corporation - What is a Non-stock Corporation - Non-stock Corporation Defined
Non-stock Corporation Defined
Nondisclosure Agreement - Confidentiality Agreementx - Non Disclosure Agreement
Non-disclosure, or confidentiality, agreement
Not an Employee? No Worker's Compensation or Unemployment Benefits
Not an Employee? No Worker's Compensation or Unemployment Benefits
Notary Public - What is a Notary Public - Definition of Notary Public
Notary Public
OASDI - Social Security tax - Overpay Social Security Tax
How to find the Social Security maximum annual wages and what to do if you over-deduct Social Security tax.
OSHA - OSHA Regulations
Describes the OSHA regulations that all employers need to know about and comply with, including hazardous materials, OSHA poster, blood-borne pathogens, fire safety, and OSHA training.
Obama Promises Tax Help For U. S. Small Businesses in Financial Crisis
Speaking today in Ohio, Senator and presidential candidate Barak Obama detailed his plan for helping U.S. small businesses to recover from the current
Obama and McCain on Business Taxes - Who Has the Best Plan?
To summarize a candidate's platform is always dangerous, but I'm going to make an attempt, using information from the non-profit Tax Policy Center. Then I'll
Obsolete Definition - Obsolescence Definition
Obsolete equipment inventory - Obsolescence
October 15 Income Tax Extension Deadline is Coming Up
October 15 is the due date for filing your income tax return, if you requested an extension on your income taxes due on April 15. That's the extension you
October 17 is Due Date for Extended Small Business Tax Returns
October 17 is Due Date for Extended Small Business Tax Returns
October Tax Payments/Reports - October 15 Due Dates
October 15 is the due date for several important tax payments or reports. 1. Income Tax Extension Deadline If you applied for an extension on your income
October is Disability Month - Help Disabled and Get Tax Credits and Deductions
October is National Disability Employment Awareness Month, says the U.S. Department of Labor. Since 1945 this month has been set aside to
Office Lease - Office Leasing - Lease Office Space
As you are looking for space to lease for your business, you need to know what questions to ask and what to look for. Here is the information you need for this important decision
Office Rental - Office Space
If you are considering leasing space for your business, here is a list of factors to consider and questions to ask.
One Disadvantage of LLCs: Franchise Taxes
If you are considering forming your new business as an LLC (Limited Liability Company), you need to be aware that some states might add a
One Last Time - Did You Take All Available Deductions and Credits?
If you working alone (without a tax preparer) on your tax return, or if you don't trust your tax preparer, it's not too late to check your tax return to make
Online Payroll Processing from Banks? A New Idea
I saw the other day that some banks are beginning to offer a new service to their small business clients: Online payroll processing. The largest of these
Online Resources for Bookkeeping, Accounting, Taxes
Small businesses are finding many helpful resources on the Internet these days. One resource that can help your business is Outright , which calls itself
Online Sales Tax - Internet Sales - Amazon Sales Tax
Explains situation in states taxing online sales, Amazon tax, affiliates, and tax nexus.
Online Tax - Online Sales Tax - Internet Sales Tax - Amazon
Do online retailers have to charge sales tax for online transactions?
Oops! Did You Make a Mistake on Your Business Tax Return?
Did you file your business tax return on April 15? Did you check the return after you mailed or e-diled it and found an error? It happens all the time. I had
Open Lease - What is an Open Lease
Open Lease Contract
Operating Agreement - LLC Operating Agreement - Operating Agreement Terms
What terms to include in an LLC operating agreement
Ordinary Income - What is Ordinary Income - Ordinary Income Definition
Definition of ordinary income.
Other Home Business Deduction Scams to Avoid
In addition to having a legitimate business and only deducting the part of your home that is
Our Friendly, Helpful IRS - the 2010 Tax Calendar
To say,
Outstanding Shares - What are Outstanding Shares - Outstanding Shares Definition
Definition of outstanding shares
Overcome Fear of Depreciation to Save Money on Business Taxes
Is the concept of DEPRECIATION intimidating to you? Are you confused by all the terms, like
Overhead - Overhead Expense - What is Overhead
overhead
Owner Agreements Help Prevent Family Business Problems
I spent the Thanksgiving weekend with some great people (my son's future in-laws). We talked about tax and legal issues in their two family/friend businesses.
Owner Investment - Startup Loans from Owners
Describes the two ways you can give money to your business - loans or investments
Owners Equity - What is Owners Equity - Owners Equity Definition
Definition of owners equity
PLLC - Professional LLC - What is a PLLC?
A PLLC is a limited liability in which all members are professionals in a specific profession (CPA, chiropractor, attorney, for example). A PLLC is set up in a state and governed by the rules of that state.
Par Value - What is Par Value - Par Value of a Share of Stock
Par Value
Partnership - Forming a Partnership
Forming a Partnership
Partnership - Starting a Partnership
Starting a partnership, with partnership agreement, partnership taxes, types of partnerships, limited partnerships, general partnerships, limited liability partnerships.
Partnership - What is a Partnership
Partnership - Limited Liability Partnership - Limited Partnership - General Partnership
Partnership Agreement - Partner Agreement Terms
Partnership agreement terms
Partnership Agreement - What is a Partnership Agreement
Partnership Agreement
Partnership Taxes - Filing Taxes for Partnerships - Partnership Tax Returns
Lists all the taxes a partnership pays including income taxes, self-employment taxes and employment (payroll) taxes
Partnership Taxes - Partnership Tax Return - Form 1065 - Schedule K-1
Filing partnership and LLC taxes on Form 1065 with Schedule K-1
Partnership Taxes - Partnership Taxes on Form 1065
Describes the information needed to prepare Form 1065 for a partnership or multiple-member limited liability company (LLC).
Partnerships - Types of Partnerships
Partnership Types: Limited Partnership, Limited Liability Partnership, General Partnership
Passive Activity - Passive Activity Definition
Definition of a passive activity.
Passive Loss - Passive Activity Loss - What is a Passive Loss
Describes a passive loss (loss from passive business activity)
Patent - Patent Registration
If your business has a patent, you need to know about how to patent, search the patent office, and protect your patents.
Patent Application - Applying for Patent
If you have discovered or invented something you use in your business, you can register the patent for this invention. Here is the information you need to register this patent.
Patent Law - New Patent Law - America Invents Act
Describes the major provisions of the new patent law, America Invents Act, and how it affects businesses.
Patents - What is a Patent - Patent Definition
patent
Patriot Express Loan Program Renewed for Three More Years
This recent announcement by the Small Business Administration is good news for U.S. military veterans coming home and seeking loans to start small businesses:
Pay Your Business Taxes, People!
I am a big fan of financial adviser Dave Ramsey, and I watch his show on Fox Business. The other day, several viewers told Dave that they were accumulating
Paychecks - Calculate Pay Calculate Pay for Hourly and Salaried Employees
The process of calculating a payroll begins with a calculation of gross pay, then determinations to reduce gross pay with withholding, FICA, and other deductions, to arrive at net pay.
Paying Business Taxes - Business Taxes
Payment methods for business income taxes
Paying Business Taxes - Late Payment of Taxes
Information about penalties and interest for paying late, how to pay, and online payment agreement
Paying Business Taxes by Installment - Installment Payment Option - Tax Payment Plans
Provides information on paying business taxes using an installment payment plan
Paying Employees
Background information and terms you will need before you begin to set up your payroll system.
Paying Employees - What Happens If Employees are Not Paid
Attorney Michael Helfand discusses the legal obligation of employers to pay employees, and what happens if employees are not paid.
Paying Taxes - E-File - Late Payment
Paying business taxes, late payments and penalties.
Paying the "Nanny Tax" for Domestic Services
Paying the
Payroll - Payroll Deductions Calculation
How to calculate deductions for employee paychecks, including federal income tax (FIT) deduction, employee FICA taxes, and other deductions.
Payroll - Payroll Processing - Employee Payroll
Tasks involved in processing payroll.
Payroll - Payroll Processing - Why Outsource Payroll
Why Outsource Payroll? Teresa Ray from The Payroll Department answers questions about the advantages of outsourcing payroll, including how outsourcing saves time and money and increases accuracy.
Payroll - Payroll Setup
How and when will you pay employees? Learn here about the tax and benefit implications of these decisions.
Payroll - Payroll Taxes - Course in Payroll and Payroll Taxes
Free online course in payroll and payroll taxes
Payroll - Payroll Taxes - Employment Taxes
If you are a new business or getting ready to hire your first employee, you may be unsure what to do or how to make sure you are complying with employment laws. This
Payroll - Payroll Taxes - Set up Payroll and Payroll Taxes
Background information and terms you will need before you begin to set up your payroll system.
Payroll - Payroll Terms - Confusing Payroll Terms
Distinguishing between confusing payroll terms: hourly vs. salaried employees, exempt vs. non-exempt, wages vs. salaries, employees vs. independent contractors.
Payroll - Payroll Terms - Payroll Definitions
Payroll terms you should know about, including gross pay, net pay, withholding, deductions, employees
Payroll - What is Payroll - Payroll Definition
Payroll definition
Payroll Outsourcing - Payroll Outsourcing Services
Reasons for payroll outsourcing discussed.
Payroll Outsourcing - Should You Outsource Payroll With Just One Employee?
Someone asked me this question, and it's a difficult one to answer, because it depends on your level of comfort with doing payroll. And there is much to
Payroll Processing - Payroll Processing Companies
Payroll outsourcing companies
Payroll Processing - Payroll Processing Options
Describes options for processing payroll for a small business
Payroll Processing - Setting Up a Payroll Processing System
In this step, some suggestions for setting up a payroll system, using accounting software, or hiring a payroll processing service.
Payroll Processing Options - Outsourcing Payroll
Outsourcing payroll processing
Payroll Processing Services - What Do They Cost? What Do You Get?
As I mentioned in my post on payroll outsourcing yesterday, I did some research on payroll processing services. Note that many services charge a basic fee, so
Payroll Records - Employee Records - New Hire Forms
When you hire a new employee, you must have the employee complete specific forms. All employee records must be kept in two files - one for employment and one for payroll. These articles provide details on new hire forms, employment records, and payroll records.
Payroll Records - Payroll Register - Employee Earnings Record
After you have completed a payroll calculation and paid employees, you must transfer the information to a payroll register for all employees and employee earnings records for each employee.
Payroll Register - Create a Payroll Register
What is a payroll register and how to create a payroll register.
Payroll Services- Small Business Payroll
Evaluate Payroll Services - How to decide who should do your payroll.
Payroll Software - Payroll Processing - Outsourcing Payroll
A checklist to help you determine which payroll processing option is best
Payroll Tax - Payroll Taxes - Paying Payroll Taxes - Payroll Tax Reports
Paying employees, reporting payments and tax obligations, and paying tax entities are the primary requirements for employers. This section provides information on how to pay employees, report to taxing entities, and submit payroll taxes.
Payroll Tax - Year-End Payroll Tax Reports
Options for submitting year-end payroll reports to employees and independent contractors.
Payroll Tax Calendar
A month-by-month payroll tax calendar to help you keep track of what's due and when. The calendar doesn't include state payroll taxes, but you can add those.
Payroll Tax Cut - Social Security Payroll Tax Cut
Background on the 2011 payroll tax cut and the 2012 payroll tax cut, which reduces Social Security withholding for employees by 2%, to stimulate spending.
Payroll Tax Cut Extended Through December, 2012
Payroll Tax Cut Extended Through December, 2012
Payroll Tax Cut Extended Two Months - What Then?
Payroll Tax Cut Extended Two Months - What Then?
Payroll Tax Deposits - Questions & Answers
I occasionally get questions about payroll taxes (Social Security/Medicare and income tax withholding). Today, I'll provide some answers to these common
Payroll Tax Mistakes to Avoid
Top payroll and payroll tax mistakes and how to avoid them, including W-4s, end of year reports, state taxes, payroll records.
Payroll Tax Reports - End of Year Payroll Tax Report
This article discusses end of year payroll tax reports, including W-2s for employees, 1099-MISC forms for independent contractors, W-3 forms and 1096 forms for the Social Security Administration.
Payroll Tax Responsibilities - Case in Point
In yesterday's blog post, I discussed your responsibilities as an employer for payroll taxes, and what happens if you don't fulfill these responsibilities.
Payroll Taxes - Employer Responsibilities for Payroll Taxes
Every business that employs individuals has specific responsibilities for paying and reporting. Here is a list of those responsibilities.
Payroll Taxes - Employment Taxes - Difference Between Payroll Taxes and Employment Taxes
Discussion of the difference between payroll taxes and employment taxes.
Payroll Taxes - Form 941
This section discusses the types of payroll tax reports you must file and payroll tax payments you must make to federal and state agencies.
Payroll Taxes - Form 941
All about payroll taxes: What are they? How are they calculated? How are they paid? What are payroll tax reports? When do you file payroll tax reports? How do you file payroll tax reports?
Payroll Taxes - Payroll Tax Basics
Payroll tax basics - Employer Responsibilities for Payroll Taxes
Payroll Taxes - Payroll Tax Calendar
A payroll tax calendar that takes you month by month through the payroll tax tasks you must complete each month.
Payroll Taxes - Payroll Tax Deposit
Describes how to determine the amount to be deposited for payroll taxes. Payroll taxes (federal income tax withheld) and FICA taxes (Social Security and Medicare) must be deposited either semi-weekly or monthly according to the amount of taxes being deposited.
Payroll Taxes - Payroll Tax Deposits - Payroll Tax Deductions, Withholding, Calculations
Payroll tax processing information, including calculating gross pay, how to calculate withholding, and payroll tax deposits.
Payroll Taxes - Payroll Tax Mistakes
Top payroll and payroll tax mistakes, including W-4s, end of year reports, state taxes, payroll records.
Payroll Taxes - Semiweekly Payroll Tax Deposits
Describes the semiweekly payroll tax deposit rule
Payroll Taxes - State Payroll Taxes
State payroll taxes that you need to know about, including state income tax withholding, state unemployment taxes, state worker's compensation, and state disability taxes.
Payroll Taxes - Year=End Payroll Tax Tasks
Year-end payroll tasks, including checking employee information for W-2 forms, ordering W-2 forms and 1099-MISC forms for annual tax summaries, and dealing uncashed paychecks before the end of the year.
Payroll Taxes are due in January - Do you know where your W-2s and 1099s Are?
January is the month when employers must complete payroll tax reports for employees and contractors. The due date for these reports in 2009 (for 2008 income)
Payroll Terms - Payroll and Employment Terms
Payroll terms, including exempt employees vs. non-exempt employees, salaried and hourly employees, overtime.
Per Diem - Per Diem Rate
Defines per diem rates for business travel, how per diem rates are determined, how the General Services Administration sets per diem rates.
Per Diem - Per Diem Rates - Government Per Diem
Per Diem Definition and Per Diem Rates
Personal 1040 Extension - With Business Income - Due October 15
If you applied for an extension on your personal tax return, including the information on your business profit or loss, your extension must be submitted to the
Personal Guarantee - Personal Guarantee for Business Loan
Why you will probably need to give a personal guarantee for a business start-up loan.
Petitioner - Bankruptcy Petitioner - What is a Petitioner
Petitioner
Petty Cash - Petty Cash Procedure
How to set up and manage petty cash.
Pinterest and the Copyright Question
Pinterest and the Copyright Question
Plaintiff - What is a Plaintiff
Definition of a plaintiff
Portable Employer of Record - Portable Employer of Record Definition
Portable employer of record
Post-Hurricane Disaster Tax Relief from the IRS
Post-Hurricane Disaster Tax Relief from the IRS
Pre-Paid Legal Services - Buying Pre-Paid Legal Services
Prepaid Legal Services benefits and drawbacks for business owners
Preferred Stock - Preferred Shares - What are Preferred Shares
Preferred stock - preferred shares in a corporation
Prepaid Legal - Prepaid Legal Services - Prepaid Legal Services Complaints
Discussion of prepaid legal services, pro and con.
Prepare Form W-3 - W-3 Form - Transmittal of Wage and Tax Statements
Describes how to prepare Form W-3 Transmittal of Wage and Tax Statements
Prepare Personal Financial Information for Your Business Plan
You will need to include personal financial information when you present your business plan.
Prepare for Business Tax Season - Get a Tax Advisor and Tax Software
Prepare for Business Tax Season - Get a Tax Advisor and Tax Software
Prepare to Submit Payroll Taxes Electronically in 2011
The IRS has announced that proposed regulations will expand the use of electronic payment systems for payroll and other tax payments, and discontinue the use of
Preparing W-2s - Employee Income, Withholding, and Benefits Information
Describes employee income, withholding, and benefits information needed for W-2 forms
Preparing Your Schedule C - Calculating Cost of Goods Sold
I mentioned a while back that I am working on the Schedule C for my sister Carol for her antique business, using TaxAct. She is a single member limited
Preparing to Calculate Your Home Office Deduction
Preparing to Calculate Your Home Office Deduction
President Pledges to Increase Limits on SBA/Small Business Loans
In an address on Wednesday, President Obama expressed support for increased lending to small businesses and he pledged to support legislation increasing the
Presidential Candidates on Business Taxes: Poll Results
I recently posted a discussion about the business tax proposals of Senator Obama and Senator McCain, along with a poll. The information on this post came from
Prevent Embezzlement - Protect Against Embezzlement
How to prevent or protect against embezzlement
Private Loans - Venture Capital
How to get business funding through an SBIC
Pro Forma - What is Pro Forma - Pro Forma Definition
Pro Forma
Pro/Con - Do You Need an Attorney for Starting a Business?
For Startup Summer series: A question many people ask during startup - When do I need an attorney? Can I start without one to save money and get one later when
Professional S Corporation Compensation Under Fire in Congress
It goes like this, I think (you never know with Congress). First, a court case that illustrates the problem, then what Congress is doing to
Profit-making Business or Hobby? What the IRS Looks For
You just retired, kind of, and you figure now is the time to put your creative talents to use and maybe sell some of your crafts. Or maybe you were just laid
Profits - Profit
Profit
Proposed Changes to SBA 8(a) Program Can Help Your Business
The Small Business Administration has announced proposed changes to strengthen its 8(a) business development program to benefit disadvantaged small businesses.
Proposed Tax Law Change Would Simplify Business Cell Phone Reporting
A proposed change to the tax laws would help small business owners in several ways. I'll talk about these over the next couple of blogs. The proposed law is
Proprietor - Proprietary - What is a Proprietor
Proprietor, proprietary
Protect Yourself Against Bad Tax Preparers
First, a reminder: No matter what your tax preparer says or does, you (the business owner) are ultimately responsible for the accuracy and timeliness of your
Provide Payroll Tax Reports to Taxing Authorities
As designated by federal, state, and local laws, you must provide reports on taxes to various taxing authorities
Public Domain - The Public Domain - What is Public Domain
Public Domain
Purchase Options for Buying a Business
When you buy a business (not a franchise) you have a several options. The most common options are these: Option 1: Buying the business,
Putting Together the "Disregarded Entity" Puzzle
The term
Q & A About Boards of Directors
To continue the subject of corporation boards of directors from yesterday, I have some questions about boards of directors, based on my conversation with a new
Q&A About Business Valuations With a Business Valuation Expert
Business valuation expert Carlene Gaydosh answered my questions about business valuations. Ms. Gaydosh is a CPA and a member of the Association of Certified
Qualified Employee - Qualified Employees Jobs Bill Tax Credit
Defines the term
Qualified Joint Venture
The IRS allows a husband-wife business (not a corporation) to pay federal income taxes as two sole proprietors, using two Schedule C forms. This is called a qualified joint venture (QJV). Using two Schedule C forms is less expensive than filing a partnership tax return, but there are restrictions on the election of a QJV. This article answers questions and clears up misconceptions about the Qualified Joint Venture.
Qualified Joint Venture
Qualified Joint Venture
Qualified Joint Venture - Husband-Wife Business
Defines and describes the qualified joint venture, a way for husband-wife businesses to file tax returns using two Schedule C's instead of partnership returns.
Qualified Joint Venture - Spouses in Partnership
Schedule C for husband-wife partnership
Qualified Joint Venture - What is a Qualified Joint Venture - Qualified Joint Venture Definition
Describes a Qualified Joint Venture
Qualified Joint Venture MBenefit - Husband-Wife Business
This article describes the benefits of a husband-wife business filing taxes as a qualified joint venture (QJV).
Qualified Joint Venture Mistake - Husband-Wife Business Mistake
This article describes the requirements for a husband-wife LLC to be classified as a qualified joint venture (QJV) and be able to file income taxes on two Schedule C's instead of a partnership return.
Qualified Joint Venture Mistake - Husband-Wife Business Mistake
This article describes what you must do if you make a mistake and file your husband-wife partnership as a qualified joint venture (QJV) instead of a partnership.
Qualified Plan - Qualified Retirement Plan
Definition of a qualified plan (qualified retirement plan)
Qualified Privilege - What is Qualified Privilege
Qualified Privilege
Questions to Ask Before Hiring an Attorney
A few weeks ago I wrote about prepaid legal services and described what I saw as the benefits and drawbacks of prepaid legal services. One big issue with this
Quick Cash for Your Business Means Getting Creative
Whether you are buying a business, you need cash flow to stay afloat, or you have plans for expansion when the economy improves, you'll need to be creative if
Quitting Business? What To Do and When
Quitting Business? What To Do and When
Raiding the Piggybank to Start a Business
It may be a great time to start a business, but there are still many difficulties to overcome, not the least of which is finding financing. Many small business
Rate Your Experience with Prepaid Legal Services for Businesses
One of my clients asked me what I thought of prepaid legal services. I decided to do some research. Here is what I found: What are Prepaid Legal Services?
Reader Stories: Have You Been in Small Claims Court? Were You the Plaintiff, the Defendant?
Have you ever been to small claims court, as a plaintiff or a defendant? Did you take your business dispute to small claims court? What was your experience?
Reader Stories: Have You Had a Bad Experience with a Tax Preparer or Legal Advisor?
Tell about your experience with a tax adviser
Ready to File? Avoid Common Tax Return Errors
Ready to File? Avoid Common Tax Return Errors
Receiving a "Cease and Desist" Notice for a Trademark
A dentist friend of mine received a
Recent Small Business Tax Breaks You Might Have Missed....
Although the Small Business and Work Opportunity Act was passed a year ago, it somehow slipped under the radar for many business owners. My CPA reminded me
Recent Tax Court Cases Emphasize Importance of Good Record Keeping
Recent Tax Court Cases Emphasize Importance of Good Record Keeping
Reciprocal - Reciprocity
Definition of reciprocal, reciprocity
Reclamation Rights - How Do I Exercise Reclamation Rights
Explains how to exercise reclamation rights as a vendor in a business bankruptcy.
Reclamation Rights - What are Reclamation Rights in Bankruptcy
Reclamation rights in a business bankruptcy
Record Keeping - Business Record Keeping - Company Financial Records
A system for keeping business records: Capture the information, Check to make sure the information is correct, Record the information, Review the information, finally, Act on the information.
Record Keeping - Business Records
To save money on taxes and keep track of your business, you must first set up a workable record keeping system. This means your system must record the information you need and it must be easy to use. Here are step-by-step instructions for creating a business record keeping system.
Record Keeping - Keeping Records
Capturing information for business record keeping - some tips for capturing information easily and quickly, including business travel records, assets, expenses, income, and credit cards.
Record Keeping - What is Good Record Keeping
How poor record keeping can cause tax audit problems. How good record keeping can help you save on taxes.
Record Keeping System, Business Records
Creating a business record keeping system means capturing all the information about income, expenses, and assets, then using that information to generate business reports. This section shows you how to set up a simple records system for your business.
Record the Information in Your System
After you have captured the information, you will need to set up a schedule for recording it.
Recovery Act - Venture Capital
How the Recovery Act is helping the SBA provide incentives for venture capital funding.
Recovery Act COBRA Benefits Mean Responsibilities for Employers
As usual, the good news from the federal government also comes with increased responsibilities - this time for employers. The American Recovery and
Recovery Loan Availability Now Limited
We are coming to the end of the time period for availability of ARRA (Recovery Act) loans for small businesses; the SBA says these loans are
Recovery Plan Includes Withholding Changes for Employers
The American Recovery and Reinvestment Act (ARRA) includes a new tax credit that will affect your employees and require you to make changes in your withholding
Recused - Recusal - What is Recusal
Recuse/Recusal
Register Trademark - Register a Trademark Internationally
How to register a trademark internationally using the Madrid Protocol.
Register with the GSA and Get Government Contracts
Many companies do business with the federal government, as contractors. No, it's not just big companies or construction companies. All types of businesses,
Registered Trademark - Trademark Registration
When to use the Registration mark for a trademark or service mark
Registering Your Company Trademark Internationally
Registering Your Company Trademark Internationally
Relief for Businesses in Disaster Areas
This spring has brought us a lot of storms. Some areas (in Georgia, Oklahoma, and Maine , for example) have been hit hard. IRS Form 2194b (2007 version) is
Relocation - Moving a Business - Business Move
Is your business moving? Maybe you are anticipating a company move to expand, maybe it's a corporate relocation, or maybe you are moving your office back home to save money. Whatever the reason, be sure to check out these articles to make sure you notify all federal, state, and local agencies.
Reminder - December Tax Due Dates
Although December doesn't start until tomorrow, I wanted to give you an extra day to prepare the tax reports and payments for the month. December 15:
Reminder - Withholding Changes Begin April 1, 2009 - No April Fool!
This is no April Fool's joke. It is a reminder that withholding rates have been changed to reflect the tax credit under the Making Work Pay provision of the
Reminder: End-of-October Taxes Due
I don't mean to scare you (pun intended); I just wanted to remind you of several taxes that are due at the end of October. The good news is that October 31
Remuneration - Compensation - What is Remuneration
Definition of the term
Renewable Energy Payments Available to Encourage Alternative Energy Construction
A new business opportunity for you? Or a way to get paid to run your business using renewable energy (solar or wind)? I'm not sure which one might work for
Reporting 1099 Income - You ARE a Small Business If...
Many people do work for others and don't realize they are actually a small business. But the IRS considers you a small business and you must file a business
Residual Value - Residual Value of Car Lease
Residual Value
Resolving Business Disputes and Going to Court
As a business owner, you will likely find yourself considering whether to take an issue to an attorney or you may find yourself at the receiving end of a lawsuit. Here are some tips to help you minimize legal fees, to help you decide whether to sue, and to understand legal processes. You will also find information about giving a deposition or expert testimony in a lawsuit.
Resource for State Laws
Here is a great resource for state laws, by subject.
Respondeat Superior - Respondeat Superior Definition
Respondeat superior - the concept that a business owner is responsible for the actions of employees and advisors.
Responsible Party - Responsible Party or Nominee on SS-4
Explains the difference between a responsible party and a nominee on a company's Employer ID application (Form SS-4).
Restitution - What is Restitution
Discussion of the legal term
Restraint of Trade - What is Restraint of Trade
Definition of restraint of trade
Retainer Letter - Attorney Retainer Letter
Describes the contents of a retainer letter by an attorney
Returning Heroes Tax Credit - Veterans Tax Credit
The Returning Heroes Tax Credit is part of the Vow to Hire Veterans Act of 2011. This tax credit is given to businesses for hiring veterans who have previously been unemployed. Here are the details on this tax credit.
Review Your Financial Reports Regularly
Now that you have your financial information in your accounting software, you need to set aside a regular time to review this information.
Run Tax Reports and Pay Business Income Taxes
Before the end of your business tax year, you will need to run tax reports in preparation for filing business income taxes.
S Corp - Corporation - Corporate Tax - Corporate Income Tax - S Corporation Income Tax - Corporation and S Corporation Income Tax
How a corporation and s corporation pay income tax. A corporation pays income taxes using Form 1120, while an S corporation uses Form 1120S.
S Corp - Corporation - S Corporation - Difference Between Corporation and S Corporation
Learn about the difference between a regular (or C) Corporation and an S Corporation.
S Corp - LLC - S Corporation Shareholders or LLC Members
Describes the difference between S Corporations and LLCs regarding restrictions on ownership.
S Corp - LLC - S Corporation or LLC - Record Keeping for S Corporations or LLCs
Differences in record keeping requirements for S Corporations and LLCs.
S Corp - LLC - S Corporation vs. LLC - S Corp or LLC
Attorney Robert Warwick describes specific circumstances when an LLC or an S Corporation might be a good choice for starting a business.
S Corp - LLC - S Corporation vs. Limited Liability Company Taxes
Attorney Robert Warwick discusses the s corporation business form vs. the limited liability company.
S Corp - LLC - Start an S Corporation - Start an LLC
Differences in starting an LLC vs. starting an s corporation
S Corp - S Corp Income Tax - S Corporation Income Tax
How an S Corporation files income tax.
S Corp - S Corp Taxes -S Corporation Income Tax on Form 1120-S
Tax filing documents needed to prepare S corporate taxes include: profit & loss statement (income statement), balance sheet, asset records, depreciation schedules.
S Corp - S Corporation
All about s corporations: How they are different from corporations and from limited liability companies, advantages and disadvantages of s corporations, how to form an s corporation and make the election to convert a c corporation to an s corporation.
S Corp - S Corporation
All about S corporations, including how to elect s corporation status, how an s corp is taxed, and how an s corporation differs from other business types.
S Corp - S Corporation - S Corporation - What is an S Corporation
S corporation
S Corp - S Corporation - S Corporation Income Tax Return - 1120-S
Find out what you need to prepare to complete Form 1120-S. This article is a general outline of the information required on Form 1120-S - U.S. Income Tax Return for an S Corporation, including schedules.
S Corp - S Corporation Election - Electing S Corporation Status
A sub-chapter S corporation is a special form of corporation for small businesses. Learn how to elect sub-chapter s status here.
S Corp S Corporation - S Corporation Income Tax - Filing S Corporation Taxes
Lists all the taxes an s corporation pays including income taxes, employment (payroll) taxes, sales and excise taxes, and property taxes.
S Corp, LLC - S Corporation vs. LLC - LLC Liability
Discussion by attorney Robert Warwick on relative
S Corp, S Corporation - LLC - CPA Tax Advice on S Corporation or LLC
A CPA discusses taxes for S Corporations vs. LLCs.
S Corp, S Corporation - S Corporation Benefits
Salaries for s corporation officers
S Corp, S Corporation - S Corporation Disadvantages
S corporation disadvantages
S Corp, S Corporation - S Corporation Eligibility
S corporation eligibility requirements
S Corp, S Corporation Salaries - S Corporation Officers - Salaries for S Corporation Officers
Salaries for s corporation officers
S Corporation - LLC - S Corporation or LLC
S Corporations and Limited Liability Companies (LLCs) are the two most popular business forms for small business startups today. But there is much confusion about the differences, in terms of costs, liability protection, taxes, and other issues. A CPA and several attorneys weigh in on this issue, and you can benefit from their insights.
S Corporation LLC - S Corporation or LLC - Choosing S Corporation or LLC
Questions about s corporations vs. limited liability companies
S Corporation Taxes - S Corporation Income Taxes - Form 1120S
Filing S Corporation Taxes with Form 1120S
S Corporations and LLCs - What's the Difference Between Them?
In a continuation of my discussion on S corporations and LLCs with attorney Robert Warwick from yesterday, I asked him to compare S Corporations and LLCs in
S Corporations and Taxes
S Corporations and Taxes
SBA 504 Loan Changes Increase Small Business Access to Capital
The Small Business Administration has announced permanent changes to its 504 loan program to allow small businesses greater access to capital, refinance
SBA 8a Program - 8a Business Development Program
SBA 8a Business Development Program
SBA Announces A New Loan Initiative, Update on Patriot Express Loans
The SBAannounced a new initiative to assist small businesses in 11 cities. Termed
SBA Announces Business Disaster Recovery Applications Online
The SBA has announced an online application form you can use to apply for disaster recover assistance, for damage to property and
SBA Announces Increased Disaster Relief Measures
I have been writing about the flooding here in Iowa and elsewhere across the Midwest. On Tuesday, the SBA released an announcement that will help businesses
SBA Announces New Recovery Measures for Small Businesses
President Barak Obama and Treasury Secretary Timothy Geithner yesterday announced new measures to help small business borrowers yesterday. In response, the
SBA Announces New Tax Stimulus Help Site
The SBA today announced a new resource center to provide small businesses with information on the tax stimulus package. Note that the stimulus package provides
SBA Announces New-Look Website
Just in time for the new year, the SBA has announced a new website. Although the URL is the same (www.sba.gov) the look of the Small Business Administration
SBA Backs Repeal of "Burdensome" 1099 Reporting Requirement
The momentum is building for repeal of the ridiculous 1099 reporting requirement that was attached to the new Health Care Law (the Affordable Care and Patient
SBA Disaster Loan Requirements and Restrictions
Here is a list of requirements to qualify for a disaster recovery loan for your small business, and some restrictions on those loans.
SBA FAQ's on Small Business Disaster Recovery Loans
I don't usually put long word-for-word quotes on my blog. But the information I found on the SBA website about disaster recovery loans is important. If you
SBA Funds More Small Business Loans in 2010, Approves $970 Million
The logjam in small business loans caused by the recession may finally be clearing up. The Small Business Administration (SBA) made two announcements this week
SBA International Loan and Export Working Capital Loan Programs
Are you interested in selling your products abroad? If so, the Small Business Administration has some loans you might want to consider. SBA international
SBA Loan - Can I Get an SBA Loan - Get an SBA Loan
How to Get an SBA Loan through the Recovery Act
SBA Loans - SBA 7 a Loan - 7(a) Loan
Here is a description of the SBA 7(a) loan program for small businesses. The program provides guarantees to lenders for small business loans.
SBA Loans - SBA Loans for Special Purposes
In addition to its general purpose 7(a) and 504 loan programs, the Small Business Administration has several loan programs for special purposes and special individuals.
SBA Loans - SBA Small Business Loans - SBA Recovery Act Loans
What is the SBA Doing to Help Small Businesses Get Loans?
SBA Loans - Small Business Administration Loans
The Small Business Administration (SBA) has many loan programs you may qualify for or be eligible to use, through your lender. In addition to general loans, the SBA has programs for women, minorities, development areas, and veterans. Emergency loans are available during tough economic times. Learn about SBA loans and how to apply for these programs.
SBA Loans Up? SBA Loans Down? Can You Still Get a Business Loan?
As we suspected, the economic slowdown has hit the Small Business Administration. I've heard both sides: I read an SBA press release announcing that the SBA
SBA Loans for Veterans: Patriot Express
In June 2007, the Small Business Administration (SBA) kicked off its Patriot Express loan initiative, and many veterans took advantage of the program to help
SBA Microloan - Business Development
SBA Microloan program
SBA Modifies Goodwill Lending Restrictions
The Small Business Administration (SBA) announced today that it will reconsider the restrictions on financing goodwill for SBA-backed loans, on a case-by-case
SBA Monthly Web Chats Provide Business Tax Answers
The Small Business Administration (SBA) has a monthly web chat with interesting topics. Previous chats include: Getting Ready for Tax Season Prepare for
SBA News - PRIME Grants for Micro-Lenders -
PRIME Grants Encourage Microlenders The Small Business Administration is betting on very small businesses, and they are offering support in an unusual - and
SBA Podcast - Getting Ready for Tax Season
It's not too late to start getting your business records ready for tax season, and the Small Business Administration has a podcast that might give you some
SBA Stimulus Funds Run Out Again - But You Can Get in Line
The Good News: Small business owners are borrowing, and banks are lending, using Small Business Administration loan programs. These Recovery Act programs
SBA Stimulus Loans Available Again - Starting March 10
Just when we learn that the Recovery Act stimulus funds for SBA business loans have dried up (as I reported last week), we learn that President Obama has signed
SBA Targets Home Office Deduction for Revision
The Small Business Administration (SBA) Advocacy Office is looking for ways to help small businesses. One of the best ideas to come out of their efforts is a
SBA Urging Banks to Give Loan Deferments to Small Business Borrowers
In an effort to lessen some of the impact of the current financial situation on small business borrowers, tthe Small Business Administration (SBA) is urging
SBA Warns of Fraudulent Business Loan Assistance Firms
SBA Press Release: The SBA Warns Small Businesses of Fraudulent Attempts Offering to Help Them Secure SBA Loans The Small Business Administration reports
SBA Year-End Tax Information Web Chat - Thursday, December 9
The SBA has announced a web chat to help small business owners with year-end tax planning questions. The cat will focus on tax preparation for small business
SBIC - What is a Small Business Investment Company
SBIC - Small Business Investment Company
Sacrificing Pay to Keep Your Small Business Alive
I have been discussing independent contractors this past week. Today, a comment from a reader prompted me to explore a way for independents to go into business
Safe Harbor - What is a Safe Harbor - Safe Harbor Definition
Definition of a safe harbor, as it relates to IRS regulations.
Safe Harbor 401k - Safe Harbor 401k Definition
Safe Harbor 401(k) Plans
Salary vs. Hourly - Salaried Employees vs. Hourly Employees
Salary vs. Hourly pay for employees
Sales Tax - Home Business Sales Tax
How a home business can collect sales tax
Sales Tax - Products Subject to Sales Tax - Sales Tax By State
How to determine what products or services are subject to sales tax in your state.
Sales Tax - State Sales Tax
Paying Sales Tax to State
Sales Tax Holiday - What is a Sales Tax Holiday
Describes a sales tax holiday.
Sales Tax Rate - Local Sales Tax
Local Option Sales Taxes (LOST)
Sales Tax at the State Fair - You Must Still Pay
My family and I went to the Iowa State Fair over the weekend. As we drove through the neighborhoods around the fair, I saw many people who had turned their
Sales Tax on Girl Scout Cookies?
March means Girl Scout cookies; I just purchased some from my grand-daughter for her troop, and I immediately sent them to work with my husband. I wondered if
Sales Taxes - Sales Tax
Answers to common questions about sales taxes, including the difference between sales tax and use tax, sales tax vs. excise tax, out of state sales, resellers, how to register, how to collect, and how to report and pay sales taxes.
Sales Taxes - Sales and Excise and Use Taxes
Sales taxes, use taxes, and excise taxes
Sales Taxes - State Sales Taxes - Use Taxes
Information on state sales taxes and use taxes imposed by states.
Save on Taxes by "Going Green"
You still have time before the end of the year to save on taxes by receiving tax credits for energy efficient purchases. These are tax CREDITS, which
Save on Taxes by "Going Green"
Everyone is
Save that Relationship! Working with Family and Friends
I talked recently with a nice young man who was graduating from college. He and his wife want to set up a business together, and they were getting lots of
Saving Receipts for Cost of Goods Sold Isn't Enough
Many businesses, including restaurants, shop at wholesale clubs, like Sam's and Costco, because of the low prices on bulk products. But when you make business
Schedule C - 2011 Schedule C
Schedule C for 2011: What is it? What has changed? What documents are needed to file? What are the steps for filing? How do I file? These questions and more are answered in this article.
Schedule C - Schedule C Definition - Schedule C - Profit or Loss From Business
Describes IRS Schedule C Profit or Loss from Business of IRS Form 1040
Schedule C - Schedule C Filing
Tax filing documents needed to prepare Schedule C include: profit & loss statement (income statement), balance sheet, asset records, business use of home documentation, depreciation schedules.
Schedule C - Schedule C Form - Schedule C Instructions
This article contains information on Schedule C, including Schedule C form, Schedule C-EZ, Schedule C instructions, how a husband-wife partnership can become a qualified joint venture and how to file Schedule C forms for this business, and how to add schedule c to form 1040.
Schedule C - Schedule C Form - Schedule C for Multiple Businesses
You must file a separate Schedule C for each sole proprietorship or single-member LLC owned by you, and by your spouse, if you file jointly.
Schedule C - Schedule C for Sole Proprietor
Schedule C for sole proprietor or single-member LLC
Schedule C - Schedule C-EZ - Schedule C-EZ for 2011
Learn the requirements for Schedule C-EZ and how to complete Schedule C-EZ for 2012. Schedule C-EZ may only be filed by very small businesses that are sole proprietors, single-member LLCs filing as sole proprietors, qualified joint ventures, or statutory employees.
Schedule C - Schedule C-EZ - When File Schedule C-EZ
When you are eligible to file Schedule C-EZ and how to complete Schedule C-EZ
Schedule C Changes for 2011 Taxes - What You Need to Know
Schedule C Changes for 2011 Taxes - What You Need to Know
Schedule D - What is Schedule D - Capital Gains and Losses
Describes Schedule D
Schedule E - IRS Schedule E - Form 1040
Schedule E records supplemental income and loss, including income and loss for individual partners in a partnership and individual shareholders in an s corporation. Information from Schedule K-1 is entered into Schedule E, and total Schedule E income/loss is entered on Form 1040.
Schedule K-1 - Preparing Schedule K-1
How to prepare Schedule K-1 for a partnership or s corporation
Schedule SE - 2011 Schedule SE
Get the answers to your questions about Schedule SE: What is Schedule SE? How do I file Schedule SE? Who must file Schedule SE? How do I complete Schedule SE?
Schedule SE - Self-Employment Tax - Complete Schedule SE
Instructions on how to complete Schedule SE for self-employment tax calculation for a Sole Proprietorship or Single-member LLC - for Form 1040.
Section 179 Deduction - Accelerated Depreciation - What is Section 179
Section 179 depreciation is an important benefit for small businesses.
Section 179 Depreciation - Section 179 Depreciation for SUV
How to get up to $25,000 in depreciation deduction for purchase of an SUV before December 31, 2009.
Section 179 Depreciation States - State Laws Section 179 Depreciation - Depreciation Deductions U.S. States
Lists U.S. states which have different Section 179 deductions than those of the federal government.
Section 530 Relief - Section 530 Employment Tax Relief
Section 530 Relief for Employment Taxes
Section 530 Relief - Section 530 Employment Tax Relief
How your business can qualify to receive Section 503 relief from paying employment taxes on independent contractors.
Selecting a Business Organization Type - Types of Businesses - Legal Forms of Business
Factors to consider in types of businesses
Selecting a Business Organization Type -Types of Businesses - Legal Forms of Business
I'm starting a business. How do I choose a type of business organization? Here is a checklist of factors to consider when selecting your legal form of business.
Self Employed - What is Self Employment -Self-Employed
Self employed, Self-employment
Self-Employed - Self-Employment Taxes - What are Self-Employment Taxes
All about self-employment taxes.
Self-Employed - Self-employed Social Security - Self-employed SECA
How self-employed business owners pay social security and Medicare taxes.
Self-Employed Seniors and Taxes
Self-employed seniors, those who own their own businesses, have some special issues regarding business taxes and self-employment taxes, in relation to Social Security and Medicare. Here are some answers to questions about self-employment and taxes for seniors.
Self-Employed Taxes - Filing Self-Employed Taxes
Self-employed? If you are a freelance writer, consultant, or contract worker, you are self-employed. And that means you should file a business income tax return. But it really doesn't need to be complicated. These articles should take you through the maze of income taxes so you can file your return on time.
Self-Employed vs. Independent Contractor - What is the Difference?
Someone asked me the other day,
Self-Employment - - Tax Credit - Self-Employment Health Care Tax Credit
Under the new Small Business Jobs Act, self-employed individuals may qualify for a tax credit for health insurance.