The Most Important Number on Your Tax Return (21 Mar 2006) What is the most important number on your 1040? Is it the taxable income, the tax liability or the refund amount? No, it is none of these numbers. The most important number on your 1040 is your Adjusted Gross Income.
IRS Adjusts Revenue Procedure on Mileage (21 Mar 2006) Recent gas price trends have impacted the standard mileage rate allowed by the IRS. Small business owners should be aware of the latest adjustments and take full advantage of all available deductions.
Why You Should Care About Taxes In September (21 Mar 2006) Taxes, taxes, taxes - who cares about taxes in September? The end of the year isn't for another three months and I don't have to file till April 2006. Who is even thinking of these things now? Well, you should be.
Doh! IRS Loses Taxes In San Francisco Bay (21 Mar 2006) On September 23, 2005, the Internal Revenue Service began sending notices to tax payers in thirteen states that there may be a problem with their tax payments. Here is the scoop.
The Internet Tax Man Cometh (21 Mar 2006) Q: I was contacted by the city tax collector to say that my business is scheduled to be audited to see if I owe sales tax on items purchased on the Internet. Can they really make me pay sales tax on internet purchase? I thought you could buy things online tax free?
-- Charlie B.
Home Based Business Tax Deductions (21 Mar 2006) Running a home based business reaps many wonderful tax deductions that other businesses some times may not claim. Unfortunately to many small business owners end up paying the government taxes every ...
Tax Records - What You Should Keep And For How Long (21 Mar 2006) Many taxpayers are confused about what tax records they should keep and for how long. This article provides the answers and highlights a few unique situations.
How to Cut Duty Cost and Increase Profit as an Importer (21 Mar 2006) Import duties continue to be significant elements in the cost of international trade. Yet many companies and businesses still pay more duties than the law requires - which impacts adversely on landed...