Blog

How Small Employers Can Save Money With New Health Care Tax Credit

Posted by Michael Beauchemin on Wed, May 11, 2011 @ 10:21 AM Are you a small employer and have fewer than 10 full time employees whose wages average less than $50,000 per year?  If so, you can save money in 2010 and even more money in future year.  Eligible small employers may receive up to a 35% tax…

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The Wrong Business Entity Can Cost You Thousands in Additional Taxes

Posted by Michael Beauchemin on Thu, Oct 04, 2012 @ 03:10 PM When setting up a business, you have a choice of what type of business entity you would like to select.  Each business entity has its advantages and disadvantages.  The best business entity for you largely depends on several factors: Your personal tax situation, the income…

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Bye, Bye Paper Tax Coupons

Do you still file your  taxes using paper coupons.  If so, you may need to convert over to the IRS EFTPS electronic payment system.  The IRS has published a proposed regulation (REG 153340-09), that would eliminate the rules for making deposits via paper coupon.  After Dec. 31, 2010 the paper coupon system, maintained by the…

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Backtracking on 1099 Reporting Requirements

Last week Heather M. Rotham published an article Congress Urged to Scrap New Form 1099 Reporting Requirements, in whcih she outlines why it is not a given that new 1099 reporting requirements will go into effect.  Previously we did a post here and here on the new 1099 reporting requiremnts. In her article, Heather outlines the action the US…

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