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11 April 2010 0 Comments

Will the Obama Jobs Bill Affect Small Business Hiring?

In March, President Obama signed into law a watered down version of his much-touted Jobs Bill. The $17.6 billion initiative offers small business owners two tax breaks for qualifying new workers hired in 2010.

Under the new legislation, businesses will be exempt from paying their share of Social Security payroll taxes (generally 6.2% of an employee’s [...]

7 April 2010 0 Comments

40 Celebrity Tax Evaders

As the 2010 tax draws to a close, chances are that many this year will struggle to pay their taxes. In a previous post I explained some options small business owners have to make their tax obligations more manageable.
Even so, it may be tempting for some to try to get out of their obligations dishonestly.
To [...]

9 February 2010 0 Comments

A Rundown of 2009-2010 Tax Changes Affecting Small Businesses

As the 2010 tax season kicks into high gear small business owners should be aware that there are several favorable changes to the tax code that will affect small businesses in particular. These amendments were designed to provide a little relief in our struggling economy, and they should do just that to those who qualify- [...]

11 October 2009 1 Comment

Overwhelmed by Taxes? How Small Businesses Can Ease Their Tax Burden

As the year begins to wind down, it’s time to turn our attention to the 2010 tax season. For many small business owners emerging from such a difficult economic year, the mere thought of taxes may conjure up a hearty serving of distress and anxiety.
 

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But the truth is that the IRS has been offering [...]

9 August 2009 0 Comments

The Best (and Worst) States to Start and Run a Small Business

As the recession continues to drone on, stilted consumer spending coupled with restricted (and in many cases nonexistent) credit markets have made it rough going for numerous small businesses and start-ups. At such times, seeking shelter in a business-friendly environment, can mean the difference between success and failure, growth or stagnation.

Virginia is Pollina Corporate’s pick for [...]

15 June 2009 0 Comments

Strange… But True Small Business Tax Deductions

The 2009 tax season may have come to an end. But now that all the dust has settled and those tax returns have been spent, its time to begin thinking about 2010…
To get you started, take a look at these strange, but true attempts individuals have made to reduce their tax burdens. And yes, many [...]

16 April 2009 0 Comments

Five Smart Uses for Your Tax Refund

As the economy continues to sour, many are giving extra thought to how they will spend their tax refunds. The question of where to allocate this “additional” cash is all the more weighty for the growing population of people who are either self-employed, unemployed, or in transition. So what is the best use for your [...]

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5 March 2009 1 Comment

Stop Overpaying On Your Overhead Expenses!

Do you know that you may be paying too much for many of your overhead expenses? Here are 12 simple ways that small businesses can save a significant amount of money on some of the most common operating costs:
1. Cell phones and business credit cards
Cell phone plans and credit card options can vary tremendously from [...]

23 February 2009 0 Comments

The $787 Billion Recovery Package: How Can Small Businesses Benefit?

After all the politicking, President Obama finally signed into law last week the $787 billion recovery package designed to give a much needed boost to the U.S economy. Contained in the hundreds of provisions and over 1,000 pages of this bill are many opportunities for small businesses. You just need a little patience to sift through it [...]

4 February 2008 1 Comment

How to Legally Avoid Paying Business Taxes

Many small business owners are unknowingly paying more than they have to towards their federal taxes!  Much of this has to do with either ignorance or confusion regarding what can and cannot be deducted. If you are looking the maximize your tax deductions this year, then consider the following recommendations. Please note, however, that the [...]