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Tax Tips Small Business

Employers of Tipped Employees Allowed a Tax Credit

Are you getting the credit you deserve?

If you are an employer in the food and beverage industry, you may be entitled to a tax credit for the social security and Medicare taxes you pay on your employees' tip income. You must meet both of the following requirements to qualify for the credit:

Small Business Quick Tip

If you are disposing of property used in your business, you may want to consider a like-kind exchange to defer the taxable gain on the sale.

Tax Tips Small Business

#	Article Title
1	Starting Your Own Business?
2	Do You Know How Much Your Business Is Worth?
3	Thinking of Selling Your Corporation?
4	Turning Interest Payments Into Tax Deductions
5	Reimbursing Your Employees for Business Expenses
6	Automobile Expenses
7	Determining Qualified Business Expenses
8	Clothing for Your Job is Not Always Deductible
9	Employee Meals: When Does the 50-Percent Limit Apply?
10	New Rules for Spouses Who Operate a Business Together
11	Tax Credit Available for Hiring Certain Employees
12	Employers of Tipped Employees Allowed a Tax Credit
13	Electing to Expense the Cost of Your Business Assets
14	Deducting the Business Use of Your Home

Tuesday, 09 March 2010

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,

Personal Quick Tip

If your tax refund was too high or too low, adjust your withholding so it doesn't happen again next year. You can file a revised W-4 with your employer at any time to increase or decrease the number of exemptions you claim. The more exemptions you claim, the less tax your employer withholds from your wages, resulting in a smaller refund. Decreasing the number of exemptions results in more withholding and a larger refund.