bizHUMM

How To Start & Grow Your Business

States Using Big Data to Track Down Unpaid Taxes

Mar 10

Taxes

IT-Row of rack mounted servers in data center
Every year, billions of dollars of owed taxes are left unpaid by small businesses and the self-employed, says Patrick Clark in his article on Bloomberg BusinessWeek.com. The same people... MORE
  • From the Editor's Desk
  • Estimated reading time: 1 min read

  • Hummy's
    Highlights

    1Billions of dollars are unpaid by SMBs each year. 2States are helping each other find tax evaders. 3Businesses are losing their licenses and worse.
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Don’t Overlook these Small Business Write-Offs taxes Finance Opportunities for deductions Bonnie Lee From the Editor's Desk
Feb 26

Taxes

Image of Tax Calculator with Red Tax Button
Opportunities for deductions

Don’t Overlook these Small Business Write-Offs
If you don’t maximize your possible tax deductions, you’re leaving money on the table—money that could be helping you grow your small business.GO TO ARTICLE
  • From the Editor's Desk

  • Hummy's
    Highlights

    1Keep track of all small expenses, with or without receipts. 2Be sure to adhere to the specific rules. 3Document it all and get your accountant's approval.
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6 Tips for Choosing a Competent Tax Professional taxes Finance How do you choose? From the Editor's Desk
Feb 10

Taxes

Finance-Big Tax As Business Obstacle concept
How do you choose?

6 Tips for Choosing a Competent Tax Professional
Choosing a tax professional for your small business is a major decision that merits careful consideration. Bonnie Lee, in an article published on Fox Small Business Center, emphasizes the... MORE
  • From the Editor's Desk
  • Estimated reading time: 3 min read

  • Hummy's
    Highlights

    1Audit risk: 60% of tax preparers are not certified. 2With 75,000 pages of tax code, education is vital. 3Make sure you can contact your tax pro year round.
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Checklist for Small Business Year-End Taxes and Accounting taxes Finance Print out this handy list Rhonda Day Rhonda Day
Jan 21

Taxes

Chalkboard to do list.
Print out this handy list

Checklist for Small Business Year-End Taxes and Accounting
If you dread year-end accounting and taxes, you’re not alone. Plenty of small business owners, and especially creative business owners, don’t enjoy this part of the business and some... MORE
  • Rhonda Day
  • Estimated reading time: 2 min read

  • Hummy's
    Highlights

    1Start getting documents organized so it's manageable. 2Prepare well and lower the cost of your accountant. 3Staying ready yearlong saves you time and money.
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IRS Says You Owe More? Don’t Write That Check Yet! taxes Finance Take a deep breath Clay Rose From the Editor's Desk
Jan 12

Taxes

Hands writing a check, checkbook, calculator, mug.
Take a deep breath

IRS Says You Owe More? Don’t Write That Check Yet!
Tax season can be rough for any business. Just about the time you allow yourself to move on to something else and breathe a sigh of relief … it... MORE
  • Clay Rose
  • Estimated reading time: 5 min read

  • Hummy's
    Highlights

    1Calmly and patiently call the agent, and be polite. 2Even IRS workers are human and make mistakes. 3You may progress to appeals and tax court if needed.
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In A Business Platform Play, Square Adds Sales Tax Reporting Through TaxJar taxes Finance More integration by Square Ingrid Lunden From the Editor's Desk
Jan 12

Taxes

Jar of cash.
More integration by Square

In A Business Platform Play, Square Adds Sales Tax Reporting Through TaxJar
Mobile payment company Square is today adding another integration that highlights its strategy to expand the kinds of services it offers to small businesses, in a bid to go... MORE
  • Ingrid Lunden
  • Estimated reading time: 2 min read

  • Hummy's
    Highlights

    1Service can calculate sales tax on past transactions. 2Tax Jar enables easy e-filing as one of its features. 3It can keep you compliant with state and federal laws.
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Retirement Blog: Save taxes — Start a Business taxes Finance Jennie L. Phipps From the Editor's Desk
Jan 09

Taxes

Ribbons with scissors and fabrics

Retirement Blog: Save taxes — Start a Business
At our house, we’re busy filing our 2013 taxes. My accountant husband filed for an extension in April, but now we’re getting closer to the Oct. 15 drop-dead deadline... MORE
  • Jennie L. Phipps
  • Estimated reading time: 3 min read

  • Hummy's
    Highlights

    1Enjoy the deductions available to business owners. 2If you turn a profit, you can deduct health insurance. 3You can contribute to your IRA, even after retirement.
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