Category Archives: 1120 C Corporation Income Taxes

USA Today Article: Looming small business tax hike explained

Posted on November 5, 2012 by William A Olson, CPA

Here’s the link.

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Personal Finance, Small Business | Comments Off

REPOSTING: Year End Tax Planning

Posted on October 31, 2012 by William A Olson, CPA

We are fast approaching the end of the 2012 tax year and that is the perfect time to do some end of year tax planning… before it is too late. Many tax planning decisions can only be made before December … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance, Small Business | Comments Off

It’s time for end of year tax planning

Posted on September 19, 2012 by William A Olson, CPA

We are fast approaching the end of the third quarter 2012 and that is the perfect time to do some end of year tax planning… before it is too late. The first step is to estimate or project your tax … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance | Comments Off

A business start up checklist from the SBA

Posted on September 18, 2012 by William A Olson, CPA

If you are starting a business, here’s a good place to find some useful information. SBA Small Business Startup Checklist.

Posted in 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Small Business | Comments Off

AICPA Article on Tackling Health Care Reform

Posted on September 10, 2012 by William A Olson, CPA

Here’s a good summary of the health care reform bill and what it means to your business.

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, IRS, Small Business | Comments Off

Deducting business expenses… what is deductible?

Posted on July 10, 2012 by William A Olson, CPA

Deducting Business Expenses Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business is operated to make a profit. What Can I Deduct? To be deductible, a business expense must … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Accounting, IRS | Comments Off

What the health care law means to your small business

Posted on July 3, 2012 by William A Olson, CPA

A great article in the Wall Street Journal explains it.

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, IRS, Small Business | Comments Off

Year End Checklist for Closing Your Books

Posted on December 9, 2011 by William A Olson, CPA

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 →

Posted in 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Accounting, QuickBooks | Comments Off

2011 Tax Planning

Posted on August 10, 2011 by William A Olson, CPA

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 →