Understanding Business Taxes

Posted on: 18 October 2017

Several aspects of the Affordable Care Act interact with federal income tax regulations. The penalty for not having health insurance is assessed on individual tax returns. As part of the implementation of the ACA, healthcare providers issue certain IRS forms to insured individuals. Although the three main forms issued to tax filers have similar-sounding names, the forms serve very different purposes. Tax filers are sometimes initially confused to learn that there are three IRS forms in the Form 1095 series.
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Posted on: 15 October 2017

Owning and operating your own business is an ideal situation for many people. It is the chance for them to be their own bosses and make their own success. However, a lot of people that start their own businesses fail miserably at one very important aspect: financial data bookkeeping. Here are just some of the effects of poor financial data bookkeeping, and how accountants can help. Your Business is Heading for Bankruptcy
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Posted on: 11 October 2017

As a business owner, you might find yourself constantly stressing about taxes. Along with worrying about how much you have to pay, you might also be worried about things like being audited. These are certainly legitimate concerns, and tax audits can happen to any business owner. However, following these tips can help: Do Your Research For one thing, as a business owner, it is important to do your research about your tax responsibilities as a business owner.
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Posted on: 10 October 2017

Many small businesses don't start out with any employees: it's just the proprietors handling everything themselves. When you reach a point where you have to hire employees, this is a good sign; your business has grown to where you need and can support help. However, this also means that you have to handle a payroll, and payroll mistakes can end up costing you a lot of money if you aren't careful.
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