Sometimes, your business will undergo a significant change in structure and, because of that change, require a new principal business code. This structural change could be anything from the business model and industry focus to the products or services it provides. Regardless, updating your NAICS c...
Make sure the champagne is chilling and settle in for your New Year's Eve party or a cozy night at home with your friends and loved ones. Either way, cheers and Auld Lang Syne as the ball drops at midnight. Small Business Tax Calendar: Important filing, deposit and record keeping ...
Because of that Act, the IRS now functions under four major operating divisions: Large Business and International (LB&I), Small Business/Self-Employed (SB/SE), Wage and Investment (W&I), and Tax Exempt & Government Entities (TE/GE). Effective October 1, 2010, the name of the Large and...
Popular IRS publications include: Pub 1, Your Rights as a Taxpayer; Pub 15, Employer's Tax Guide; Pub 17, Your Federal Income Tax; and Pub 334, Tax Guide for Small Business. Information on preparing, filing and extending returns Need help with a specific tax issue? Browse this list of ...
On the other hand, the net result would be a tax code more favorable to investment and entrepreneurship. So if Trump is a good businessman, he will benefit. I’m agnostic on Trump’s entrepreneurial ability, but I’m an unabashed fan of having a better tax system for America. Replacing...
Then, the real estate bubble was orchestrated – a Ponzi scheme that drew in many Americans striving for the American Dream of home ownership or starting their own business. And when the real estate bubble began to burst in latter 2008, well, we have all seen the results – near economic ...
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Before diving into the various solutions, it’s essential to have a firm grasp of tax debt and the role of the Internal Revenue Service (IRS). Tax debt occurs when an individual or business owes money to the IRS because of unpaid taxes, penalties, or interest. The IRS has the authority...
If applicable, this box will indicate a single or double-letter code followed by a dollar amount. We have a helpful table of all W-2 Box 12 letter codes here. When should I hire 1099 contractors vs. W-2 employees? As a business owner, you should hire 1099 contractors when you need ...
“annualizing” your quarterly taxes. This means that you presume the amount you made year-to-date is representative of the whole year, and paying quarterly tax based on that projection. It works great for small business owners who have lower income in the first three-quarters of the year ...