Accounting, Tax

Independent contractors can provide small and mid-size employers with a flexible and cost-effective method for dealing with the ebb and flow of production requirements.

When starting or growing a business, it can be easy for entrepreneurs and small business owners to get by with a basic accounting process, when all that is needed is to track cash flow and file a tax return.

Small businesses are not only trying to find their way in an uncertain economy, but they are also dealing with the seemingly constant changes to tax code and increased complexity of regulations.

Mike D'Avolio, Senior Tax Analyst, Intuit offers these suggestions as the Most Overlooked or Least Known Deductions for Small Businesses:

Though the American Taxpayer Relief Act, more commonly known as the Fiscal Cliff Bill, was passed back in January of this year, it still has a lot of small business owners wondering how, if at all, this new legislation will affect them.

The end of the year is the perfect time to step back, take a deep breath and see what worked, what needs improving and what needs scrapping according to most business experts.

Occupational fraud is a significant threat to small businesses. 

When the IRS issues a request for information about a company’s tax returns, panic usually ensues.