- Cutting the IRS Out of Your Gifts
- If you are financially well off, you may want to gift money or property to family members or others you care about. If that is the case, there are some gift tax issues you should be aware of. Oh yes, the government even taxes gifts if they are large enough, so it is best to know the rules; otherwise you may end up making a gift of taxes to the IRS.
- Don't Be Left Holding the Tax Bag
- If you use independent contractors in your business and pay them $600 or more during the calendar year, you are required to issue them a 1099-MISC after the close of the year. If you fail to do so, and your (if you operate as a Schedule C sole proprietor) or your business's income tax return is subsequently audited, you could lose the deduction for those payments and end up paying taxes on that income yourself, not to mention potential penalties.
- Customizing QuickBooks Online Forms
-
Make a good impression on your customers by sending them well-designed sales forms. QuickBooks Online helps you create them.
- 2015 Return Not Filed Yet? You Could Lose Eligibility for 2017 Advance Premium Credit
- Individuals who procure their health insurance through a government marketplace may qualify for the advance premium tax credit (APTC), which is used to reduce the cost of their insurance premiums. The reason it is called an “advance” premium tax credit is because the marketplace estimates the amount of the premium tax credit (PTC) that individuals will ultimately qualify for when they file their tax returns for the year. The estimation is based on information the individual provides the marketplace as to the amount of anticipated household income and family size. APTC is provided to reduce the financial burden of having to pay the full premium amounts during the year and then receiving the credit after the fact.
- 9 Finance Tips All Business Owners Should Follow
- Business owners are experts at their industry. You know your products and services well – better than the competition. You know how to reach those customers, too. But, managing what’s behind the scene isn’t always as easy. With the right tools and resources, including a professional by your side, you can enhance the way you do business, reduce your spend, and increase your profit margins. To get started, you need some basic information on finance.
  |
|  |