Each year, small businesses must file taxes to the government to report their income, expenses and profits. Although it differs slightly in every country, tax preparation is usually a daily, weekly, monthly and yearly process.
President Barack Obama will call on the new Republican-led Congress to raise taxes on investments and inherited property and to create or expand a range of tax breaks for middle-income families, laying out an opening position in a debate over...
On Wednesday, the House overwhelmingly passed a bill that will extend, for one year, a package of tax provisions into 2014. Though the year is almost over, these breaks had all previously expired as of December 31, 2013, and under this bill they will be extended through December 31, 2014. There has been considerable debate over the content of this package, and whether to pass a one-year extension or two. Last week, President Obama threatened to veto a two-year extension, so there is hope that this one-year extension will work instead. If the House and the Senate pass the bill, it is likely that the President will sign it into law.
Small Business Advocate Jim Blasingame advises small business owners and entrepreneurs to consider the Concorde Question: “Do you have a fighting chance or just a chance to fight?” in their business endeavors.
The filing deadline for "S" and "C" corporations may be just a couple of days away, but it's as good a time as any to take a look at small business tax issues. Jamie Bsales at Small Business Computing offers a number of tips for small businesses at tax time. Here are 10 of them.
— Small business owners and entrepreneurs are still risk averse, with the recession fresh in their minds, though those in Greater Hartford are hiring at a greater rate than counterparts in the rest of the nation, according to a study by The...
Investors often hate sending money to the government, so some people go to great lengths to minimize the taxes they pay. Tax-loss strategies, or the selling of investments to claim losses, are one popular way investors reduce the taxes they owe.