Avoiding the "Tax Gap"
Tuesday May 27, 2008
What is the "Tax Gap" and how can you avoid it? It sounds more sinister than it really is. The "tax gap," according to the IRS, is
the difference ... Read More
Did You File for Your Phone Tax Refund? There is Still Time
Friday May 23, 2008
If you have put off filing for your phone tax refund (Telephone Excise Tax Refund, or TETR) because you didn't want to take the trouble to gather up all your ... Read More
Relief for Businesses in Disaster Areas
Tuesday May 20, 2008
This spring has brought us a lot of storms. Some areas (in Georgia, Oklahoma, and Maine , for example) have been hit hard. IRS Form 2194b (2007 version) ... Read More
"Orphan Works" Copyright Legislation is Back in Congress
Friday May 16, 2008
It looks like this time it might pass. The legislation has supporters like the MPAA (Motion Picture Association of America), the RIAA (Recording Industry Association of America), and the ... Read More
Money is "Less Available" For Small Businesses - But Don't Let That Stop You
Wednesday May 14, 2008
It is no surprise that banks who were courting small business borrowers a few years ago are now tightening up on their credit requirements and making money less available.
A recent ... Read More
New "Orphan Works" Bills Could Make It More Difficult to Protect Copyrights
Monday May 12, 2008
New companion bills in the House (H.R. 5889) and Senate (S. 2913) are focused on the subject of copyrights and orphan works. Their purpose is to make it easier ... Read More
What is "Double Taxation" for Businesses?
Friday May 9, 2008
The Dividend Tax has been a hot topic in the presidential contest, and someone recently asked me about the term "double taxation" as it relates to business taxes. Here ... Read More
Tax Avoidance vs. Tax Evasion
Wednesday May 7, 2008
Years ago I was taught the difference between "tax avoidance" and "tax evasion."
Tax avoidance is the practice of avoiding paying too much tax; tax avoidance is legal. ... Read More
HSA Costs for Small Businesses and new "Tax Simplification" Law
Saturday May 3, 2008
The proposed Taxpayer Assistance and Simplification Act of 2008 has a provision about Health Savings Accounts that has caused President Bush to threaten a veto.
Here's what is going on: ... Read More
Proposed Tax Law Change Would Simplify Business Cell Phone Reporting
Thursday May 1, 2008
A proposed change to the tax laws would help small business owners in several ways. I'll talk about these over the next couple of blogs. The proposed law ... Read More