Hiring the right tax professional for your small business can translate into money in your pocket. Ideally, you should form a long-term relationship with a tax professional so you have someone to call year-round. Your tax adviser will be important to your business' bottom line -- and will help ease your stress throughout the year. So take the time to learn about the different types of tax pros, how they can help, and how to choose one.
Understanding new federal and state tax laws that affect your 2010 filing -- and how to comply with them -- is just another cost of doing business for companies big and small, self-employed individuals, and independent contractors. So, to get your business's tax returns together for the 2010 tax year -- and to make important tax-related business decisions for the rest of 2011 -- what tax law changes should you pay particular attention to?
The American Recovery and Reinvestment Act of 2009 (commonly called the "stimulus package") was signed into law by President Obama on February 17, 2009. The stimulus package contains several provisions aimed at helping small businesses, including certain tax cuts and Small Business Administration loan provisions.
IRS Form 1099-MISC (commonly called a 1099) is an information return that must be filed to report various types of payments a business makes to third parties. The IRS and state tax agencies use the information on the form to help ensure that the people receiving these payments from businesses properly