Part-time employees can play a valuable role in a small business, especially while a business is waiting for general economic recovery. Part-timers can help you deal with variations in workload without having to hire a full-time employee. And often, when
Read morePart-time employees can play a valuable role in a small business, especially while a business is waiting for general economic recovery. Part-timers can help you deal with variations in workload without having to hire a full-time employee. And often, when
Read moreYou're probably getting ready to sort out last year's financial records and prepare for this year's recordkeeping. But what should you keep and what can you throw away? Here are some suggestions. Keep records that directly support income or expense
Read moreIf you reached age 70-1/2 last year, April 2, 2012 could be an important deadline. That's the last day you can take your required minimum distribution (RMD) for 2011 from your traditional IRAs. If you miss that deadline, the penalty
Read moreWhen the Petaluma People Services Center put out a call for valentine cards for low income senior citizens who receive Meals On Wheels, they were hoping for around 250 cards. Much to their surprise, they received 3,000 valentine cards, and
Read moreDon't miss these deadlines if they apply to your business. February 15 - Brokers must provide 2011 Forms 1099-B and 1099-S to customers. February 28 - Send Forms 1099 with Form 1096 to the IRS. If you file these forms
Read moreLast December, the 4.2% social security tax rate that workers pay on wages was extended through February 29, 2012. Now a Congressional conference is being held to find a way to extend the lower tax rate through the end of
Read moreIf you file a joint income tax return with your spouse, you are considered "jointly and severally" liable for the payment of all taxes owed. The IRS can come after either you or your spouse for the entire amount of
Read moreOn November 21, 2011, President Obama signed the "Three Percent Withholding Repeal and Job Creation Act" into law. This new law repeals three percent withholding on certain payments to government contractors. The law, H.R. 674, was amended to include the
Read moreWriting up the minutes of board of directors' meetings is not exactly a high-priority for most business owners. Yet well-documented corporate minutes can provide valuable supporting evidence if your tax positions are ever questioned. Minutes are especially important where any
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