Internet providers who charge customers by how much they use would have to justify their prices to federal regulators under a bill introduced last week. Freshman Rep. Eric Massa (D-N.Y.) filed the bill after some providers tested plans to charge customers more if they download video or otherwise use a lot of bandwidth. The companies…
The IRS may have some useful tax credits for you if you hire members of certain targeted groups. The work opportunity credit has been extended to cover members of targeted groups who begin work for you before September 1, 2011. For tax years beginning after December 31, 2006, there is no longer an alternative minimum…
The IRS has a very nice video/audio section for Small Business issues. I realize that many small business owners do not like to consider the tax side of their business. This is a bad idea. Eventually you will have to pay attention even if only once a year when you file your tax returns. You…
If you file your own taxes and have not yet gotten them finished, here is a little extra deduction that is new for this year. If you do not itemize deductions, and if you own your own home (that means, probably, that you make mortgage payments), you may add the amount of any real estate…
For those of you who have contracted work out to other people, and who have paid those people $600 or more in the past year, now is the time to report that to the IRS and to remind the subcontractors that the payments they received are taxable. It is time to issue Form 1099 MISC….
If you chose the standard mileage rate to deduct your vehicle expenses for your business use, NOW–right now–is the time to record your odometer reading. You will want to have total miles driven for the year and miles driven for business purposes. Business miles will, of course, come from your record of business usage of…
I have stumbled upon, what I believe to be, an easier way to keep track of items paid on-line. I signed up to receive my credit card and utility billings on-line. The following is how it works. I: get notices via e-mail; go the the site; print only the page on my bill that contains…
One of our readers left us a comment, with this question, “I live in a small town and I would love to start a community Farmer’s Market that would be on the line of a ‘Flea Market’. Where do I start?” Great question! Here are some ideas to get you going. First you need to…
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