Posts tagged as:

taxes

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Borrow Your Way to a Lower Tax Bill

by Mike Periu on May 22, 2013

in Small business

It’s not likely the first thing that comes to mind when looking to lower your taxes, but borrowing money (the right way) can save you thousands. Taxes are going up. Way up. Starting this year and continuing through  2018, a series of taxes on earned income, investment income, payrolls  and [...]

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If You’re in Debt to the IRS, Be Wary

by Mike Periu on April 22, 2013

in Small business

One of the scariest types of correspondence that a small-business owner can receive is a request from the IRS for more information. In many cases, this could lead to an audit which requires payment of back taxes, interest and penalties.
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For decades, business groups have advocated for lower corporate tax rates. At least a few times a day I hear the common refrain that “the U.S. has one of the highest corporate tax rates in the world.”  This statement isn’t false, but it isn’t exactly true either.
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The Two Most Important Days in April

by Mike Periu on April 9, 2013

in Small business

Eva Rosenberg at MarketWatch brings up a great point—everyone thinks that April is tax month because returns are due on the fifteenth. While that’s true, it’s only one of the several tax return deadlines that affect small-business owners over the course of the month.
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The difference between what the Internal Revenue Service believes taxpayers owe and what they actually pay is referred to as the tax gap. Given the strained financial position of the U.S. Federal Government, the agency is now turning to a new resource to make it more difficult for taxpayers to perpetuate [...]

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It isn’t often that a business owner will turn down a tax credit, but that’s exactly what’s happening with the Tax Credit for Employee Health Insurance Expenses of Small Employers, a key part of the Affordable Care Act, otherwise known as Obamacare. Many small-business owners have concluded that the credit isn’t [...]

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Is it okay to cheat on your taxes? Even just a little bit? According to a recent poll conducted by GfK Roper Public Affairs and Corporate Communications, a whopping 87 percent of respondents believe that it is never okay to cheat on your taxes, even “just a little bit.”
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File Early! Tax Tips for 2013

by Mike Periu on February 28, 2013

in Apperances, News and updates

Utter the word “taxes” and you’ll get a shudder from most Americans across the country.
While the filing deadline for personal income taxes may not be until April 15th, both financial experts and your average Joe will tell you that this is one area where procrastination should be avoided at all costs.
For Latinos, who [...]

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Drug dealers and other criminals are exchanging their guns for laptops, in what is considered the safest and most profitable scam taking place today: tax refund fraud. Perpetrators steal or purchase the identities of potential victims, including social security number, date of birth and address.
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Tax season is here, and with it might come new questions about your taxes or financial situation. One of the most common misconceptions among members of the Hispanic community is that you need to pay someone to prepare your taxes in order to get your biggest refund.

This can be very costly in [...]

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