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Tax Tips Small Business

Do You Know How Much Your Business Is Worth?

Tips for placing a value on your business

There are several reasons why you should know the value of your business. if you are planning to sell your business, the general rule is that you should sell it for fair market value. In many instances the term "fair market value" is somewhat ambiguous. In the simplest sense, fair market value is what a willing buyer would pay a willing seller, with each party knowing all the pertinent facts.

Small Business Quick Tip

The Social Security wage base increases to $102,000 in 2008, up from $97,500 for 2007. This means that you are no longer required to withhold social security tax for employees after meeting this threshold. However, you are required to withhold Medicare taxes regardless of the amount of wages paid.

Tax Tips Personal

Item Title
Is an Inheritance Taxable?
HSA Funding Options
Charitable Remainder Trusts
Converting a Traditional IRA to a Roth?
Interest on Summer Recreation May Be Deductible
Summer Day Care
Do You Have Debt Forgiveness?
Refinancing Your Home Mortgage
Take Advantage of Tax Savings in a Down Market
Money for College
Divorced?
Making Gifts
Let the Sun Shine
Did You Move This Year?
Overlooked Employee Business Expenses
Public Safety Officers Get a Tax Break
Tax Break for Reservists Called to Active Duty
Saving for Your Retirement
Are You Putting Investments in Your Child's Name?
Direct Deposit of Your Tax Refund
IRA Contributions for Military Personnel
Naming a Beneficiary to Your Retirement Plan
IRAs and Charitable Contributions
Cleaning Out Your Closets?
Giving to Charity

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Tax Tips Small Business ( 14 items )

What is an Enrolled Agent and why should I care?

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Tax Tips Personal

Are You Putting Investments in Your Child's Name?

New rules tighten your options Beginning with the 2006 tax year, children, under the age of 18 who have unearned income in excess of $1,700,are taxed at their parent'shigher rate. Previously,
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Personal Quick Tip

Not only will you save money at the pump if you buy a hybrid vehicle, you may be eligible for a credit on your income tax return.