Monthly Archives: February 2011

QuickBooks Helps You Make a Statement

How do you let customers know they owe you money? Probably by sending invoices. And how’s that working for you? If your customers are all conscientious and pay on time, maybe that’s all you need to do. But perhaps you … Continue reading

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Independent Contractor vs. Employee

Both the IRS and State taxing agencies are aggressively looking at the issue of sub contract labor.  If you use sub contractors in your business the following will be of interest to you. The primary audit inquiries fall into three … Continue reading

Posted in Payroll taxes, Tax Issues | Leave a comment

New 1099 Rules for Landlords

While January 1, 2011 ushered in a new year for all, it also brought with it new reporting requirements for landlords. New law enacted as part of the Small Business Jobs Act of 2010 (2010 Small Business Jobs Act), landlords … Continue reading

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Debt forgiveness may cause you to owe taxes

If you have had a lender discharge part or all of a debt that you were liable for, you may owe income tax on the amount that was discharged. This is because certain debts that are cancelled or forgiven by … Continue reading

Posted in Tax Issues | Leave a comment