May 19, 2012

Deadline Extended for Tax-Exempt Organizations

Charities & Exempt Organization

According to Leroy Baker of Tax-News.com in New York, the US Internal Revenue Service (IRS) has announced that certain tax-exempt … [Read more...]

New Updated Rules for Fast-Track Patent Processing

USPTO

The United States Patent and Trademark Office (USPTO) has announced a final rule change permitting applicants to request prioritized … [Read more...]

Apply for an Employer Identification Number (EIN) Online

EIN

Employer Identification Number If you have started a new business, you don't need to use your social security number, protect your … [Read more...]

Travel Expenses

Travel Expenses

Travel expenses are “ordinary and necessary” expenses while away from home for the primary purpose of business. Keep all receipts and … [Read more...]

Choosing a Tax Year

Calendar Year

Calendar vs. Fiscal Each taxpayer must figure taxable income on the basis of an annual accounting period for keeping records and reporting … [Read more...]

Choosing an Accounting Method

business chart showing success

Cash vs. Accrual Every business taxpayer is required to have an accounting method to report income and expenses.  The two most commonly … [Read more...]

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