Tag Archives: Work

Disaster Relief & Your Taxes

NEW YORK — Victims of Hurricane Irene that began on Aug. 26, 2011 in parts of New York may qualify for tax relief from the Internal Revenue Service. The President has declared the following counties a federal disaster area: Albany, … Continue reading

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Disaster Preparedness & Your Finances

Here are some tips to keep in mind and prepare before a disaster happens, so you can safeguard your loved ones and your assets: Create a Backup Set of Records Electronically Keep a set of backup records in a safe … Continue reading

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Collecting on a Client Invoice

Oftentimes the best way to make sure your customers pay for the services or products you offer through your small business is to have them pay up front. This means you have the money in hand before you begin any … Continue reading

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IRS Changes Mileage Rates

The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and … Continue reading

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Comcast Interactive Capital And DreamIt Now Accepting Applications from Minority-Led Startups for Entrepreneur Accelerator Program

Comcast Interactive Capital And DreamIt Now Accepting Applications from Minority-Led Startups for Entrepreneur Accelerator Program  Five Minority-Led Startups to Receive Seed Funding, Business Expertise, Mentors, Office Space, Business Contacts and Other Benefits First Investment Initiative of Comcast’s $20 million Pledge … Continue reading

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Must-Know Rules for SIMPLE IRA Owner

Retirement Savings may seem complex and cumbersome armed with a bit of knowledge, you’ll have your nest-egg ready in no time.  Follow these guidelines for SIMPLE IRAs. You generally have to pay income tax on any distribution (amount withdrawn) from … Continue reading

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Where to Start When You Want to Open Your Business

WHAT TO DO START A BUSINESS I strongly believe that humans are creator by nature.  We all have dreams and some of us dare to make them a reality.  I suggest to begin by issuing a business plan, it prepares … Continue reading

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IRS News for Foreign Account Holders FBAR Requirements

If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, the Bank Secrecy Act may require you to report … Continue reading

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Facts for Mortgage Debt Forgiveness

If you are a homeowner whose mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts … Continue reading

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Healthcare Tax Saving Tips to Remember

Sole proprietors, partners, limited liability company (LLC) members, and S corporation shareholders can deduct qualified health insurance premiums paid to cover themselves and family members. This is the so-called self-employed health insurance deduction. For 2010, you claim it on Line … Continue reading

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