Any business with employees must withhold money from its employees' paychecks for income and employment taxes, including Social Security and Medicare taxes (known as Federal Insurance Contributions … [Read more...] about Payroll Taxes: Who’s Responsible?
Obtaining financing to start or expand small businesses and buy homes can sometimes be difficult. If your child or grandchild is having a hard time getting a loan from a commercial lender, you may be … [Read more...] about Family Loans — Tax Considerations
Do you drive your car for business purposes? The costs of operating and maintaining your vehicle are potentially deductible. Here are some guidelines. Two Methods The IRS provides two basic methods … [Read more...] about Business Auto Deductions: Two Ways to Calculate
Launching a new business takes hard work -- and money. Costs for market surveys, travel to line up potential distributors and suppliers, advertising, hiring employees, training, and other expenses … [Read more...] about Business Start-Up Costs — What’s Deductible?
Everyone knows about income taxes and sales taxes, but we tend to forget about excise taxes, because they're not obvious. Click through for an introduction to this important class of taxes, and see … [Read more...] about 6 Key Facts About Excise Taxes
Any employer reimbursing its employees for business-related expenses should consider whether the reimbursement arrangement meets the IRS's requirements for an accountable plan. Having an accountable … [Read more...] about Know the Tax Regulations for Reimbursing Employee Business Expenses