FastUpFront Small Business Blog

As countless small business owners wonder what the new year will bring to their profit margins- a year already colored by the looming specters of the fiscal cliff and healthcare reform- it seems several big businesses are sitting quite cozy, indeed. In September of this year, a congressional report put a spotlight on maneuverings that [...]

Now that taxes are still fresh on the minds of many small business owners, I figured it would be a good time to write a post on sales tax for online businesses. Countless small online business owners may be uninformed when it comes to properly recording, collecting, and paying state sales taxes on their online [...]

If the thought of filing your business taxes makes you head for a bottle of Tums, then take a look at these five business tax tips to simplify the process. Learn how gain more control, take advantage of free or low-cost tax tools, and get educated.  (Image Credit) 1. Maintain clear records and know what [...]

The 2011 tax season is in the air… In a last minute push through the door, the massive, bi-partisan legislation, the Tax Relief and Unemployment Insurance Reauthorization, and Job Creation Act of 2010, cleared Capital Hill. Now that the dust has settled a bit, there are several changes in the initiative that will effect those [...]

Though there have been a few indications as of late that our economic situation is starting to lighten up (a bit), the truth is that for many small businesses, 2010 has been a hard year. When “hard” spells not profitable, knowing how to handle your taxes properly is essential. Many small business owners may not [...]

The first decade of the 21st century is coming to end; it’s a decade that will undoubtedly be remembered for the recession-weary economy and strained consumer budgets that have grabbed the headlines over the past few years. But average consumers have not been the only ones trying to scrape by. Even before the emerging economic [...]

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 [...]

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 [...]

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- [...]

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.   (Image Credit) But the truth is that the IRS [...]