IRS Highlights 7 Resources for Small Businesses

The Internal Revenue Service is reminding small business owners of the following helpful resources: The Small Business and Self-Employed Tax Center contains information for small businesses with assets under $10 million. The IRS Tax Calendar for Businesses and Self-Employed includes monthly tax due dates and actions. Users can subscribe to calendar reminders or import the…

First Big Step Toward Tax Reform

The House on Thursday passed a $1.1 trillion budget, formally initiating a process that Republicans hope will result in the enactment of major tax reform later this year. The final tally was close, with 219 votes in favor, and 206 in opposition to the resolution. More than a dozen Republicans voted with Democrats against the…

Tax Filing Extension Expires 10/16

WASHINGTON — The Internal Revenue Service today urged taxpayers who have a filing extension through Oct. 16 to check their returns for often-overlooked tax benefits. When they are ready to file, the IRS recommends they file their return electronically using IRS e-file or the Free File system. Both are still available for taxpayers who still…

How profitable are your customers?

“We love our customers!” Every business owner says it. But all customers aren’t created equal, and it’s in your strategic interest to know which customers are really strengthening your bottom line and by how much. Sorting out the data If your business systems track individual customer purchases, and your accounting system has good cost accounting…