PDF Search
Subscribe…
-
Recent posts
- New Credits for Hiring Veterans
- Are You Liable for a Gift Tax Return?
- Modifying QuickBooks Reports Gives You Better Insight Into Past, Future: Part 1
- It’s Tax Time! Are You Ready?
- Watch your bank statements!
- Updated Business Organizers and Year-end Information
- New 2012 IRS Tax Calendars Are Here
- Medical Checklist
- Customer Refunds: Are You Doing Them Right in QuickBooks?
- Maximize Your Charitable Deductions
Category Archives: Uncategorized
New 2012 IRS Tax Calendars Are Here
I know this might be the most exciting thing to come from the IRS recently…but the new 2012 IRS Tax Calendars for small business and self-employed individuals are available. We have about 10 extra copies so let us know if you’d like … Continue reading
Posted in Uncategorized
Leave a comment
Record Retention Guide
We’ve just posted our record retention guide on our website. This guide provides a list of what to keep and the length of time to keep it. You can find the guide here. Print PDF
Posted in Uncategorized
Leave a comment
Form 1099 Reporting Requirements for 2011
One of the areas we see the most confusion concerning reporting compliance among businesses is that of reporting payments made to vendors for services performed for the company. This is also an area where business have the most difficulty in … Continue reading
Posted in Record keeping, Uncategorized
2 Comments
Do You Have Any Scary Tax Tales?
We’ve all heard of a scary story someone’s had with the IRS or state department of revenue. Surpise IRS agents at the door, nasty tax bills, audits, relentless IRS agents. So what’s your story. We’d like to hear them. Leave … Continue reading
Posted in Uncategorized
Leave a comment
9/15/11 Filing Deadline for Corporations and Late Filing Penalties
The filing deadline for filing your corporate income tax return is coming on September 15, 2011. The penalties for not filing your return can be rather steep. Over the years the IRS has taken steps to implementing penalties and, in … Continue reading
Posted in Uncategorized
Leave a comment
Home Energy Credits
We get a lot of questions concerning the tax credit available for the residential energy improvement credits, so here is a summary of the rules. Tax Credit for Residential Energy Improvements – A reduced credit for home energy-savings improvements is … Continue reading
Posted in Uncategorized
Leave a comment
House Passes 2010 Tax Relief Act
The recently enacted “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” is a sweeping tax package that includes, among many other items, an extension of the Bush-era tax cuts for two years, estate tax relief, a two-year … Continue reading
Posted in Uncategorized
Leave a comment
Christmas Cards – Made in U.S.A.
On a recent search for Christmas cards, I thought it would be nice to buy American made cards. I thought I’d put together a list of what I found. Of course this is just a sampling. Anyone know of others? … Continue reading
Capital Gains Strategies
One of the greatest benefits of the tax code is the special tax rates that currently apply to gain recognized from the sale of capital assets held for more than a year (long-term). The special tax rates apply to virtually … Continue reading
Posted in Uncategorized
Leave a comment
Rental Owners Need to Prepare for the New 2011 Reporting Requirement
If you are a rental owner and during 2011 make payments of $600 or more to a service provider (such as a plumber, painter, or accountant) in the course of earning rental income, the 2010 Small Business Jobs Act says … Continue reading
Posted in Uncategorized
Leave a comment
IRS Phasing Out 8109 Coupons for Tax Payments
The IRS has issued proposed regulations that would eliminate paper coupons for deposits of employment taxes, corporate income and estimated taxes, and many other taxes (REG-153340-09). The paper 8109 coupon payment system will be shut down at the end of … Continue reading
Posted in Payroll, Tax legislation, Uncategorized
Tagged eftps, electronic payment, paper coupons
1 Comment
Illinois Tax Amnesty to Begin October 1
On Monday, August 16th, Governor Quinn approved the bill to establish a tax amnesty program for all taxpayers for taxes due for any taxable period ending after June 30, 2002 and prior to July 1, 2009. The amnesty period will run … Continue reading
Posted in Illinois, Personal Taxes, Tax legislation, Uncategorized
Tagged Illinois, illinois tax amnesty, tax amnesty
Leave a comment
Details on the Illinois Small Business Tax Credit
Earlier I posted the press release dated August 12, 2010 on the new Illinois Small Business Tax Credit. That post can be found here. Here are a number of important details you need to know in order to claim this … Continue reading
Reasonable Compensation is Becoming a Hot Issue
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 … Continue reading
Small Business Federal Resource Seminar hosted by Congresswoman Melissa Bean
The McHenry County EDC invites you to attend a Small Business Federal Resources Seminar hosted by Congresswoman Melissa Bean on Monday, June 7th from 7:30 to 11 AM at the McHenry County College, Conference Center, Building B, 8900 U.S. 14, Crystal … Continue reading
Posted in Uncategorized
Leave a comment
