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	<title>Better Business Blog &#187; Business taxes</title>
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	<link>http://smt-associates.com/blog</link>
	<description>Our Business is Your Business</description>
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		<title>How a Change in 1099 Reporting Will Cause Headaches for Business Owners and Tax Preparers</title>
		<link>http://smt-associates.com/blog/how-a-change-in-1099-reporting-will-cause-headaches-for-business-owners-and-tax-preparers/</link>
		<comments>http://smt-associates.com/blog/how-a-change-in-1099-reporting-will-cause-headaches-for-business-owners-and-tax-preparers/#comments</comments>
		<pubDate>Wed, 30 Nov 2011 22:00:11 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Record keeping]]></category>
		<category><![CDATA[Tax legislation]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=525</guid>
		<description><![CDATA[As part of new legislation passed during 2011, Congress has mandated new reporting for payments made by credit card processors and banks.  This new reporting requirement is sneaking up on the general public and will cause major headaches for business &#8230; <a href="http://smt-associates.com/blog/how-a-change-in-1099-reporting-will-cause-headaches-for-business-owners-and-tax-preparers/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/how-a-change-in-1099-reporting-will-cause-headaches-for-business-owners-and-tax-preparers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Business Benefits Abound This Year</title>
		<link>http://smt-associates.com/blog/business-benefits-abound-this-year/</link>
		<comments>http://smt-associates.com/blog/business-benefits-abound-this-year/#comments</comments>
		<pubDate>Tue, 08 Nov 2011 14:00:04 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Tax Planning]]></category>
		<category><![CDATA[business tax planning]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=455</guid>
		<description><![CDATA[There are an abundant number of provisions that provide tax relief to small businesses this year. Just so that you don’t overlook any of these benefits, or in case your business would like to position itself to take advantage of &#8230; <a href="http://smt-associates.com/blog/business-benefits-abound-this-year/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/business-benefits-abound-this-year/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>2011 Business Tax Planning</title>
		<link>http://smt-associates.com/blog/2011-business-tax-planning/</link>
		<comments>http://smt-associates.com/blog/2011-business-tax-planning/#comments</comments>
		<pubDate>Thu, 03 Nov 2011 13:00:16 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Tax Planning]]></category>
		<category><![CDATA[business tax planning]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=452</guid>
		<description><![CDATA[In an earlier post, we focused on tax planning moves for individuals. We want to focus now on business tax planning for 2011. For businesses, tax breaks available through the end of this year that may not be around next &#8230; <a href="http://smt-associates.com/blog/2011-business-tax-planning/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/2011-business-tax-planning/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Business &#8211; What to Deduct</title>
		<link>http://smt-associates.com/blog/new-business-what-to-deduct/</link>
		<comments>http://smt-associates.com/blog/new-business-what-to-deduct/#comments</comments>
		<pubDate>Sat, 23 Jul 2011 19:43:29 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Ask Steve]]></category>
		<category><![CDATA[Bookkeeping]]></category>
		<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Record keeping]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=401</guid>
		<description><![CDATA[I was posed with this question recently, one that I frequently get when someone starts a new business in Illinois. Q: &#8220;I just started a new business and want to start keeping track of things for next year&#8217;s taxes. What &#8230; <a href="http://smt-associates.com/blog/new-business-what-to-deduct/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Illinois Tax Amnesty Measure Goes to Governor</title>
		<link>http://smt-associates.com/blog/illinois-tax-amnesty-measure-goes-to-governor/</link>
		<comments>http://smt-associates.com/blog/illinois-tax-amnesty-measure-goes-to-governor/#comments</comments>
		<pubDate>Tue, 29 Jun 2010 14:45:51 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Illinois]]></category>
		<category><![CDATA[Personal Taxes]]></category>
		<category><![CDATA[Tax legislation]]></category>
		<category><![CDATA[amnesty]]></category>
		<category><![CDATA[income tax]]></category>
		<category><![CDATA[penalties]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=215</guid>
		<description><![CDATA[The Illinois General Assembly has passed a measure to implement an amnesty on taxes administered by the Department of Revenue and has sent the measure to Gov. Pat Quinn. The amnesty period would run from October 1, 2010, through November &#8230; <a href="http://smt-associates.com/blog/illinois-tax-amnesty-measure-goes-to-governor/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/illinois-tax-amnesty-measure-goes-to-governor/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hiring Family Members in a Family Business</title>
		<link>http://smt-associates.com/blog/hiring-family-members-in-a-family-business/</link>
		<comments>http://smt-associates.com/blog/hiring-family-members-in-a-family-business/#comments</comments>
		<pubDate>Mon, 28 Jun 2010 14:00:19 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Payroll]]></category>
		<category><![CDATA[Personal Taxes]]></category>
		<category><![CDATA[Tax Planning]]></category>
		<category><![CDATA[employing a child]]></category>
		<category><![CDATA[hiring family]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=209</guid>
		<description><![CDATA[In today’s tough job market, students seeking summer employment, young adults looking for full-time employment, and college graduates looking to begin their careers are finding it difficult to land a job.  The family business may be the only place for &#8230; <a href="http://smt-associates.com/blog/hiring-family-members-in-a-family-business/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/hiring-family-members-in-a-family-business/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Reasonable Compensation is Becoming a Hot Issue</title>
		<link>http://smt-associates.com/blog/reasonable-compensation-is-becoming-a-hot-issue/</link>
		<comments>http://smt-associates.com/blog/reasonable-compensation-is-becoming-a-hot-issue/#comments</comments>
		<pubDate>Sat, 26 Jun 2010 14:06:46 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Payroll]]></category>
		<category><![CDATA[Tax legislation]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[officer salary]]></category>
		<category><![CDATA[owner compensation]]></category>
		<category><![CDATA[reasonable compensation]]></category>
		<category><![CDATA[s corporation]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=205</guid>
		<description><![CDATA[Corporate officers will sometimes attempt to disguise what should be payment for services as distributions of cash, dividends, and loans as a means of avoiding payroll taxes on the income.  Because they are pass-through entities, Sub Chapter S corporations are &#8230; <a href="http://smt-associates.com/blog/reasonable-compensation-is-becoming-a-hot-issue/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/reasonable-compensation-is-becoming-a-hot-issue/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Tax Law Changes in &#8220;Worker, Homeownership, and Business Assistance Act of 2009&#8243;</title>
		<link>http://smt-associates.com/blog/new-tax-law-changes-in-worker-homeownership-and-business-assistance-act-of-2009/</link>
		<comments>http://smt-associates.com/blog/new-tax-law-changes-in-worker-homeownership-and-business-assistance-act-of-2009/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 14:44:38 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Tax legislation]]></category>
		<category><![CDATA[new tax laws]]></category>
		<category><![CDATA[NOL]]></category>
		<category><![CDATA[penalties]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=117</guid>
		<description><![CDATA[On November 5, 2009, the House of Representative passed H.R. 3548, the Worker, Homeownership, and Business Assistance Act of 2009&#8243;.  The measure was OK&#8217;d by the Senate on November 4, so it is cleared for the President&#8217;s expected signature. The &#8230; <a href="http://smt-associates.com/blog/new-tax-law-changes-in-worker-homeownership-and-business-assistance-act-of-2009/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/new-tax-law-changes-in-worker-homeownership-and-business-assistance-act-of-2009/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Final Filing Deadlines Approaching!</title>
		<link>http://smt-associates.com/blog/final-filing-deadlines-approaching/</link>
		<comments>http://smt-associates.com/blog/final-filing-deadlines-approaching/#comments</comments>
		<pubDate>Wed, 19 Aug 2009 14:49:35 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Personal Taxes]]></category>
		<category><![CDATA[deadline]]></category>
		<category><![CDATA[filing]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=90</guid>
		<description><![CDATA[If you have not yet filed your 2008 tax returns, you are quickly running out of time!  Corporate filing deadlines come in September, and personal filing deadlines arrive in October.  After that you are subject to stiff fines from both &#8230; <a href="http://smt-associates.com/blog/final-filing-deadlines-approaching/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/final-filing-deadlines-approaching/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>For Many Small Businesses, Fall Filing Deadline Looms for Special Refund Claims</title>
		<link>http://smt-associates.com/blog/for-many-small-businesses-fall-filing-deadline-looms-for-special-refund-claims/</link>
		<comments>http://smt-associates.com/blog/for-many-small-businesses-fall-filing-deadline-looms-for-special-refund-claims/#comments</comments>
		<pubDate>Fri, 14 Aug 2009 14:24:55 +0000</pubDate>
		<dc:creator>Steve</dc:creator>
				<category><![CDATA[Business taxes]]></category>
		<category><![CDATA[Tax legislation]]></category>
		<category><![CDATA[carryback]]></category>
		<category><![CDATA[deadline]]></category>
		<category><![CDATA[NOL]]></category>

		<guid isPermaLink="false">http://smt-associates.com/blog/?p=86</guid>
		<description><![CDATA[IRS has issued a news release to remind eligible small businesses (ESBs) that time may be running out for them to elect a longer net operating loss (NOL) carryback under the American Recovery and Reinvestment Act of 2009 (ARRA, P.L. &#8230; <a href="http://smt-associates.com/blog/for-many-small-businesses-fall-filing-deadline-looms-for-special-refund-claims/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://smt-associates.com/blog/for-many-small-businesses-fall-filing-deadline-looms-for-special-refund-claims/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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