Education

Small Businesses Tax Burdens Cripple America

Since the late eighties, American small businesses' cost and burden of dealing with taxes has more than doubled, leaving us to wonder: What's really being done to help working America simplify taxes?
Most troubling is not the cost of taxes, but the mere fact that sole proprietors and self employed professionals, (and the self-employed [...]

Posted by: Paul O'Brien, March 25, 2010

Comments: 1

Healthcare Reform and What it Means for Your Taxes

Love it or hate it the US is going to have healthcare reform legislation. Without hype or opinion, let's take a look at the tax provisions in the legislation just passed, especially as they apply to small business owners.

Posted by: Wray Rives, March 23, 2010

Comments: 5

One Good Reason to File a Tax Return (Even if You Didn’t Make Any Money)

The IRS estimates that it is holding over $1.3 billion (that's right I said billion dollars) in income tax deposits for individuals that did not file a tax return in 2006. $1.3 billion from just one year and those folks don't have much longer to claim their money.

Posted by: Wray Rives, March 3, 2010

Comments: 3

Are Facebook Ads Tax Deductible?

An advertisement is an advertisement is an advertisement. They all get deducted under Advertising. Just be sure to keep a record of what you actually paid (This will be in your Facebook account and should be in Outright).
More than your record of it, it might even be a good idea to do a screen capture [...]

Posted by: Lisa Shaw, February 27, 2010

Is Google AdWords Tax Deductible?

Keyword targeted ads are a popular way to attract business online; advertisements placed on Google or, even now Facebook, usually charged on a CPC (Cost Per Click) basis.

Posted by: Paul O'Brien, February 26, 2010

Is Your Latest Killer iPhone App Tax Deductible?

If you have designed and created software, such as an iPhone app, the IRS tends to favor that over the purchase of software. You might even be designing accounting software that makes the tax season of everyone involved a little easier (*ahem*).
Other than the computer itself (which is deductible as Office Equipment Expense), any costs [...]

Posted by: Lisa Shaw, February 24, 2010

Are Pencils Tax Deductible?

Even in this electronic age, we still use pencils. Sure, artists who sketch with them (supplies) and accountants who chew on them (meals and entertainment?) probably make up the bulk of demand, and let's not forget those scantron tests students take with good old Number 2, but we all have a few lying around [...]

Posted by: Paul O'Brien, February 22, 2010

Is Graphic Design Tax Deductible?

So you've hired a designer to work on your website or perhaps create a new log for your business and you want to know if the cost is deductible. Good news! It is.

Posted by: Paul O'Brien,

Are Computer Backups with Services like Carbonite Tax Deductible?

Let's assume here that you are not blowing things up. If your business is demolitions (or chasing roadrunners), then carbonite will probably be "inventory." Having a great deal of it might lessen your chances of having an IRS auditor visit you, but you might find Homeland Security taking an interest.

Posted by: Lisa Shaw, February 21, 2010

Is my Blackberry Tax Deductible?

First, determine which scenario best fits the definition of your Blackberry:

The blackberry you purchase is a key ingredient in your catering business's signature pie;

Posted by: Lisa Shaw, February 20, 2010