Welcome to taxes Guide
Small Business Taxes Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Saner Ways to File Taxes
from:While it's probably not anyone's idea of fun to sit down and file taxes, it certainly no longer has to be the hassle it once was. One of the largest complaints about filing taxes has been the confusing directions and mystifying tax codes. Many complain that it is the main reason for the errors that delay refunds. To alleviate this problem, the use of short forms and online filing makes completing the task actually be quite simple. Those with more complex returns often use professionals when it comes time to file taxes; however, even professionals file most tax returns online. It is simply a more trustworthy filing option.
There are many who still prefer to file taxes the old fashioned way through the mail. However, unless an individual has a great number of itemized deductions or a special set of circumstances, a majority of filers opt to use the 1040EZ short form. The form does have certain restrictions for use. Married or single, those with an income up to $100,000 can file taxes using the 1040EZ; however, no dependents can be claimed on the form. It simply allows filers to give the necessary information such as income and filing status. The filer then takes the standard deduction for their income.
The most popular way to file taxes is of course via the internet. Self guided programs make the process less confusing and provide more accurate returns. Once all the necessary information is filled out, the tax return can be sent electronically. In return filers receive an instant confirmation of receipt. This provides a feeling of security and finality that the task is completed. Those who file taxes online often receive their refund much quicker than those who file through the mail. Although there are certain restrictions, the IRS now offers its own free online tax filing to taxpayers in certain income brackets.
For those with complex tax returns or corporate tax returns, it is always a best bet to rely on the expertise of a certified and experienced professional when filing taxes. It is all too easy for the layperson to misinterpret tax codes and instructions. This is especially true when there is a good amount of data and financial information that must be examined. When and where necessary, a professional can also help file extensions should situations arise that will not have the tax return filed by the required due date. Those who fail to file taxes in a timely manner without asking for the appropriate extension can be subject to penalties and fines.
Small Business Taxes News
Small Business Tax Breaks Make Headway in DC - Accounting Today
 Accounting Today | Small Business Tax Breaks Make Headway in DC Accounting Today By Roger Russell, Senior Editor, Accounting Today While most observers are reluctant to forecast any tax legislation prior to the November elections, there is legislation pending in Congress that, if enacted, would be a boon to small business and help ... Berg champions small business |
Small Business Fights Tax Hike - Wheeling Intelligencer
 Wheeling Intelligencer | Small Business Fights Tax Hike Wheeling Intelligencer By CASEY JUNKINS Staff Writer , The Intelligencer / Wheeling News-Register Tom Susman, Terry Sterling and Erikka Storch want the federal government to realize that small businesses may need to cut jobs because of the Health Insurance Tax. |
GoPayment Uses Geolocation to Help Small Businesses Determine Local Sales Tax - MarketWatch (press release)
 ZDNet (blog) | GoPayment Uses Geolocation to Help Small Businesses Determine Local Sales Tax MarketWatch (press release) MOUNTAIN VIEW, Calif., May 24, 2012 (BUSINESS WIRE) -- Small businesses on the go want to focus on making sales -- not worry or waste time looking up local sales tax rates. To help with this, Intuit Inc. (NASDAQ:INTU) today announced that its GoPayment ... Intuit GoPayment automatically tallies state sales tax Avalara's Geolocation Engine is Now Integrated into GoPayment |
Small business shuns health care tax credit - CNNMoney
Small business shuns health care tax credit CNNMoney By Jose Pagliery @CNNMoney May 23, 2012: 5:56 AM ET A health care tax credit meant to help small businesses has been called too weak and confusing. A recent report by the Government Accountability Office concurs. NEW YORK (CNNMoney) -- A tax credit ... For Small Business Week, IRS Spotlights Expanded Tax Credit for Hiring Veterans Why Small Businesses Aren't Using the Health Insurance Tax Credit Wheeling Area Businesses Take Action, Call for the Repeal of the Health ... |
Kansas small-business owners say elimination of income tax is a big help - Kansas.com
 Kansas.com | Kansas small-business owners say elimination of income tax is a big help Kansas.com By Jerry Siebenmark “Obviously, small businesses are struggling,” said Brian Franz, co-owner of Millennium Machines in Newton, an S corp. The tax cut “will help everything,” he said. Area small-business owners are certain of one thing: The elimination ... Kansas tax relief should help local small businesses Kansas small businesses embrace new tax policy, eye fiscal picture Brownback signs tax bill |