Quick and Easy Internal Cash Controls for Small Businesses
One of the greatest challenges a small business owner must face is protecting the assets of the company. Segregation of duties is critical even in a small business environment because it reduces the risks of mistakes and also serves as a deterrent for fraud and collusion among employees. more

2010 Hire Act
The 2010 Hire Act provides two tax benefits to employers hiring previously unemployed employees. The first tax benefit is the exemption of the employer portion of social security tax for the qualified employee (6.2 percent) on wages paid between March 19, 2010 and December 31, 2010. more

More Administrative Work for Small Businesses?
Someone once stated that “the winds of change are blowing.” If change is comparable to wind then the proposed changes to issuance of 1099 tax forms could be a tornado. Section 9006 of the health care bill mandates that, beginning in 2012, all companies will have to issue 1099 Forms to any individual or corporation from which they buy more than $600 in goods or services during the tax year. more

Debt Forgiven but Not Forgotten
In today’s economy, we have all heard the commercials for the companies that “will help get you out of debt fast” or “eliminate those credit card payments.” But as with most things in life, if it sounds too good to be true, it probably is too good to be true. For some individuals, debt forgiveness is the only option, but keep in mind that it may come with its own price tag. more

E-file or Else...?
With your busy schedule, why not cross your annual wait at the US Post Office on April 15th off your list? If you are not already e-filing you will need to plan on it for this upcoming tax filing season (April 15, 2011), not only for the many good reasons out there, like saving paper, faster refunds, increased security, but because of a mandate for tax preparers filing more than 10 returns a year. more

A Big Benefit for Small Businesses
Beginning in 2010, some small businesses may be eligible for a tax credit for providing health care coverage to their employees. If a business meets the eligibility requirements listed below, the business may be eligible for a tax credit. more

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