Small Business BlogABC Small Business Blog - News, reviews, and opinions from ABC's editors

Articles related to: irs


Cheryl Sowa
Cheryl Sowa

Top 10 Tax Tips I Didn't Know

It's the middle of tax season and April 15 is right around the corner. Is your small business ready? Check out a few tax tips!

Read Full Story »

Cheryl Sowa
Cheryl Sowa

Small Biz Tip: Taxes: Common Errors

With many business tax returns due on April 15th, the Small Business tips today discuss common tax return errors and how to avoid them.

Read Full Story »

Charles M Cooper
Charles M Cooper

Fall Filing Deadline Looms for Special Small Business Refund Claims

Time is running out for many small businesses wishing to take advantage of the expanded business loss carryback option included in this year’s recovery law.

Read Full Story »

Charles M Cooper
Charles M Cooper

Opening-up Shop: The Top 7 Tax Tips for New Small Businesses

If you are planning to start a new business this year, you must be aware of your responsibilities regarding federal taxes. Here are the seven things that the IRS considers vital for you to know if you plan on opening a new business this year.

Read Full Story »

Charles M Cooper
Charles M Cooper

Tax Credits Expand for Businesses Hiring Unemployed Veterans and Certain Youth

According to the IRS, any business that is planning to claim the newly-expanded work opportunity tax credit for eligible unemployed veterans and unskilled younger workers hired during the first part of 2009 has until August 17th to request the necessary certification required to be able to take the tax credits that come with hiring these workers.

Read Full Story »

Charles M Cooper
Charles M Cooper

IRS Payments—Things You Need to Know

Unless you are sure that you are going to get a nice refund this year, there are some things you need to know about paying your tax bill.

Read Full Story »

Charles M Cooper
Charles M Cooper

Corporate Taxes: Who is Really Paying?

Many corporations pay little or no income tax and some folks in Washington want to fix that problem. However, before they do, maybe they need to figure out what the problem is, first. Is it greed and a pirate mentality on the part of business, or is it the system that not only encourages corporations to play fast and loose with the tax code, but in many cases makes it a necessity of survival?

Read Full Story »

Charles M Cooper
Charles M Cooper

Tax Implications for Small Business in the New Housing Bailout Bill

Slipped quietly into the recently signed housing bailout legislation are provisions that should make every small business owner think twice about taking plastic and every citizen wonder whether the IRS really needs more power. The bill's sponsors claim that this legislation will quiet the storm that is raging in the housing market, but I wonder if another storm isn't brewing up over what they don't want to tell you about that bill.

Read Full Story »

Dave Cosper
Dave Cosper

Rebate Checks on the Way: Be Prepared

Rebate checks from the IRS are on their way. Are you prepared? Most retailers are eyeing these rebates as a way of boosting their sales, and many already have plans to offer special targeted sales to get shoppers to spend the cash at their stores.

Read Full Story »

Charles M Cooper
Charles M Cooper

Avoiding Taxes

Now that we are a little over a month away from Tax Day and that awful black hole is opening up in Washington again, thoughts are turning to the greatest question an American taxpayer can ask: “How can I keep the tax man from picking me clean?” There are a lot of legal ways, but none of them are on this list!

Read Full Story »

Charles M Cooper
Charles M Cooper

Deductibility: Taxes and Your Small Business

One of the biggest questions posed during this time of year, especially by new small business owners, is this: “What business expenses can I deduct?” Legitimate deductions can save you lots of money. On the other hand, improper deductions can land you across the desk from a tax auditor and no one wants that. Learn how to avoid tax trouble while receiving all the deductions to which you are entitled.


Tags: taxes, irs

Read Full Story »