We don't want to rush you but you have:
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Tax Tips Small Business

Thinking of Selling Your Corporation?

Carefully review your options before making a decision

When it come time to sell your corporation, you have two options. You can either sell the corporation stock or have the corporation sell the assets and distribute the proceeds. The tax implications of the two sales are very different. If you choose to sell the stock, you are the seller. The corporation is not affected by the transaction. The new owner steps into your shoes as the shareholder and takes over the existing corporation. If your share of the proceeds exceeds your basis in the stock, you'll have a capital gain to report on Schedule D.

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Small Business Quick Tip

If your business owns a vehicle that is available for an employee's personal and business use, the vehicle is nevertheless considered used 100 percent for business on the business tax return. The personal-use percentage is included on the employee's W-2 as an additional compensation.
Business Links
Web Links
Display # 
# Web Link Hits
1   Link   U.S. Department of Labor
The United States Department of Labor's website offers a great deal of information and resources for all employers. 		45
2   Link   Massachusetts Division of Occupational Safety
Resources for employers in the Commonwealth of Massachusetts. 		64
3   Link   Connecticut Department of Labor
References and resources for employers of all sizes that conduct business in the State of Connecticut. 		72
4   Link   Small Business Administration
The U.S. Small Business Administration (SBA) provides programs and services to help you start, grow and succeed with your small business. 		48
Tuesday, 06 January 2009

 

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Tax Tips Personal

Direct Deposit of Your Tax Refund
More options are available to you

The IRS is now allowing taxpayers who are due a tax refund the option of having that refund split up and deposited in up to three different bank accounts.
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Personal Quick Tip

It doesn't appear that a college education will get cheaper any time soon. Look into establishing a qualified tuition plan for your children. The earnings in the account grow tax-free. As long as the funds are spent on qualified education expenses, there are no tax consequences. Plus, there may be an added tax benefit at your state level.