Category Archives: 1120 C Corporation Income Taxes
Year End Checklist for Closing Your Books
As a business owner, it’s imperative to maintain accurate accounting records in order to substantiate all the items of income and expense on your tax return. A vital piece of the accounting process is the year end (or month end) … Continue reading →
2011 Tax Planning
We are quickly approaching September 15th, 2011 which is the due date for the third estimated tax payment. If you are currently making estimated payments or have significant changes in your income, it may be necessary to evaluate whether what … Continue reading →
Mid Year Tax Planning Ideas for Businesses
How midyear tax planning can put businesses at a strategic advantage from SmartBusiness.com
Tax Reform Bill Signed in Michigan
Governor Snyder signed a bill today that transforms Michigan’s tax code. See the article from the
Small Business Tools
Accounting Today talks about some small business tools available from the IRS that may be helpful: IRS Showcases Small Business Tools
Tax Reform Passes both Chambers of Congress in Michigan
The State Senate and House of Representatives passed sweeping tax reform that Governor Snyder is highly likely to sign into law. The biggest changes are the elimination of the Michigan Business Tax which is being replaced by a 6% Corporate … Continue reading →
The Importance of Good Record Keeping
Everyone in business must keep records, especially those that will come in handy when it’s time to think about taxes on the business. Continue reading →
How long should you keep your tax records
Personally, I recommend keeping your tax records and tax returns forever… if you don’t have that much storage space, this article from the USA Today provides a good guide on what to keep and when to throw it away. Tax … Continue reading →
Tax Myths
Here’s a great article on some very widespread tax myths… one of my favorites is that claiming the home office deduction will lead to an audit. Read on to find more… Tax myths can lead to costly mistakes from the … Continue reading →
Senate Passes 1099 Repeal
A big relief for small businesses… and Obama is sure to sign this. Senate Passes 1099 Repeal from CFO.com
