1. Articles in category: Accounting

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    1. Don't Put Your Assets on the Line

      Say you've made 2011 the year you're going to start a business. It doesn't matter if you're going to make art, donuts, metal parts or software – you still need to create a business form. You may have heard of LLC, S Corp, Sole Proprietorship or Partnerships. You may also be in a rush to get started running your company. Hold on a moment, read this, and save yourself some problems in the future. 'Without incorporating, your personal property is at risk for settling debt,' says Nellie Akalp, CEO of CorpNet, a legal document filing service in California. 'A corporation is like a new entity, or a new baby. It gets its own Tax ID or EIN – and it is responsible for all its debts or liabilities incurred by the business. If you were to start a business {without incorporating} and have a problem, creditors can secure ...
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    2. Last-Minute Business Tax Deductions for 2010

      Last-Minute Business Tax Deductions for 2010
      From Barbara Weltman: It’s the end of the year, and you’re already thinking about 2011. If you’re looking at your first-quarter cash flow, one thing you can do to improve it is to minimize your 2010 tax bill (or maximize your refund). There are still several things you can do before the end of the year to claim deductions or take advantage of tax rules that are ending this year. Some may require spending a little money, while others are more a matter of timing.   Buy now, deduct now, and pay later. “Deduct charged expenses. Both cash and accrual basis taxpayers can charge expenses on a credit card and deduct them in the year charged, regardless of when paid.”    Macy Story Tax Manager, BKHM CPA   If you’re planning any big-ticket purchases… “It would be advantageous from a tax standpoint to buy any large fixed asset purchases ...
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    3145-3168 of 3185 « 1 2 ... 129 130 131 132 133 »
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