Small Business Webcast is a great place for people to come for free continuing education on several elements important to small business. Its mission is to promote the health and wealth of small business. One of the excellent resources the site has to offer is its recorded webcasts on a variety of
Seattle Paid Sick and Safe Time
Seattle Paid Sick and Safe Time Starting September 1, 2012, employers are required to provide paid sick and safe time to their employees who work within Seattle city limits. Employees are eligible for paid sick and safe time if work is performed on a full-time, part-time or temporary basis,
Preparing Form 656
Preparing Form 656 and Supporting Documentation in Seeking an Offer for Compromise An Offer for Compromise (OIC) is a back tax debt settlement offer provided by the Internal revenue service to taxpayers, either an individual or a business unable to pay their tax dues in full. There are certain
Startups & Best Accounting Practices
Startups: Accounting Best Practices You worked day and night to get your small business off the ground. As the sales and expenses grow, you have finally got the hang of bookkeeping, in addition to your main business tasks. While keeping your company’s books correct is a great start, there are
Charitable Contributions
Tax Deductible Charitable Contributions Another chapter in our Self-Employed Tax Guide. As a Self-Employed Small Business owner, this is one of the best marketing tools out there as well as a great tax deduction if prepared and carried out correctly. What better way to get your small business's
Payment Installment Plans
Requesting an Installment Agreement after IRS Rejection of Offer In Compromise (or OIC) getting a rejection from the Internal Revenue Service on an Offer in compromise application you've submitted might posture you with a little uneasiness, but don’t agonize -- you've still got the option of
Tax Deductions for Cats and Dogs
At the end of July 2009, Representative Thaddeus McCotter introduced the HAPPY Act (Humanity and Pets Partnered Through the Years) bill. The bill aimed at allowing for a tax deduction up to 3,500 per year for pet-related expenses. The status of the bill as of the date of this publication: “Referred
Travel Expense Deductions
Joe Taxpayer operates a retail SCUBA diving equipment business as a sole proprietor in Seattle. Joe knows he needs to be consistent in recording his business travel in order to deduct the mileage. He keeps a clipboard, chart and pen in his vehicle, and records his odometer readings every time he