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This page last updated on
December 29, 2011 |
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Small Business Income Tax Guide
Business Tax Tips to Use on Your Tax Return
Auto Expenses
Do You Use Your Car for Business Purposes?
Tax Tips on allowable deductions for business use of vehicles.
Know the rules to obtain the maximum allowed deduction.
See the Full Article
for Details.
Self-Employed Health Insurance
Tax Tips to See If You Qualify for the Deduction
Sole Proprietors, partners and S corporation shareholders
may qualify to fully deduct health insurance premiums on their personal
tax returns.
Full Article
Small Business Health Care Tax Credit
Does Your Business Qualify?
Businesses that pay at least 50% of the cost of employee health
insurance premiums may qualify for a new tax credit if they meet
requirements on the number of employees and average employee salary.
Full Article
Business Trips and Convention Travel
Tax Rules for Personal Days During Business Trips
Business travelers may spend some time on personal activities and
still have most of the costs of the trip qualify for business travel tax
deductions.
Full Article
Do You Outsource Your
Business Payroll?
Beware of Payroll Tax Scams?
Tax Tips on monitoring the
performance of a payroll service to ensure the required payroll tax
returns are filed and the payroll deposits are made.
Full Article
Day Care Providers Are Allowed An Expense Per Diem
New
Rates for 2011
Day
care providers may deduct fixed per diem rates for meals and snacks
provided to the children under their care.
Full Article
Beware of Fake IRS E-Mail Scams
Report Attempted E-mail
Scams to the IRS
Tax Tip -- the IRS never sends e-mails to taxpayers
regarding refunds, tax payments due or personal taxpayer financial
information.
Full Article
IRS Stops Mailings of Certain Forms Packets
Technology Eliminates the Use of Paper Copies
As the IRS requires electronic filing of more types of tax and information
returns, the service no longer mails out blank copies of those forms to
taxpayers.
Full Article
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2011 Depreciation Limit for Autos
The depreciation limit for a business-use automobile placed in
service in 2011 for which bonus depreciation does not apply is
$3,260. |
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Bonus Depreciation Allowed for 2011
Qualified property purchased after September 9, 2010, and before
January 1, 2012, may be eligible for 100 percent bonus depreciation. |
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Cash Transaction Reporting Required
Each person engaged in a trade or business who, in the course of
that trade or business, receives more than $10,000 in cash in one
transaction or in two or more related transactions, must file Form
8300. |
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