We don't want to rush you but you have:
left until your taxes are due

Tax Tips Small Business

New Rules for Spouses Who Operate a Business Together
Do you qualify for simplified reporting?

Spouses who operate a business together have a new option for reporting their business income. In the past, husband and wife joint owners were considered a partnership for reporting purposes. New rules, which took effect this year, give spouses the option of reporting their business income as two separate sole proprietorships.
Read more...

Small Business Quick Tip

The Stimulus Act increases the expense deduction for business equipment purchased in 2008 to $250,000.
Accounting Services:
Bookkeeping
We offer complete bookkeeping services for small businesses.
Read more...
 
Financial Statements
Monthly, quarterly and year-end Balance Sheets and Profit & Loss Statements are prepared accurately and timely for a broad range of small business clients.
Read more...
 
Payroll Services
Complete payroll services for small business clients.
Read more...
 


Wednesday, 03 December 2008

 

EASEAL_L

 

What is an Enrolled Agent and why should I care?

Click Here to find out

Tax Tips Personal

Take Advantage of Tax Savings in a Down Market

Know when you have a deductible loss

Just because the stock market lost money, doesn't mean you have a deductible loss. As long as you hold on to an investment, you only have a loss on paper. It's only when you actually sell the investment that you have a transaction to report on your tax return.

Fortunately, the tax law allows you to offset your capital gains by your capital losses. You can avoid or minimize taxable gain by selling two investments, one at a gain and the other at a loss.

Read more...

Personal Quick Tip

 

Beginning January 1, 2008, the standard mileage rates for the use of a car (including vans, pickups, or panel trucks) are:
  • 50.5 cents per mile for business miles driven (58.5 cents per mile for miles driven after July 1, 2008);
  • 19 cents per mile for all miles driven for medical or moving purposes (27 cents per mile for miles driven after July 1, 2008); and
  • 14 cents per mile for all miles drive for charitable purposes.