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How Can My Business Use the SBA’s SBDC
I am like most tax payers and am extremely curious about where my tax dollars go and how they benefit me. Because I run a small business out of my home I am also curious about the Small Business Administration, and how the tax dollars it uses provide benefits to entrepreneurs like me. Recently, I visited the SBA’s website and started looking into the various services they provide.
Tax Documents you must Maintain
What a great year this year has been for the tax payers in the US. Perhaps this may have been the best year for tax payers to get tax refund in recent history. We shall wait for the official figures from the US treasury, but from what we have seen at K&M Accounting and Tax Services in Charlotte, this year has been a bonanza of huge tax refunds for our clients. Now that the tax returns have been filed, what to do with all the paperwork and documents? This may be a good time to clean out the growing pile of tax and financial papers that clutters your home and office. Here's a list of what you need to keep

Interest Rate Hike Shocker!
The article discusses the current economic condition and how it came to be. It outlines what steps need to be taken to right the wrongs of previous administrations and their policies, and it discusses how a higher interest rate would benefit the U.S. by bringing capital flows back towards the Dollar.
Complicated Tax Laws Mean Tax Franchises Boom
Franchises that offer tax-related services may seem like a seasonal business, but it's a category that's booming, thanks to the complicated US tax code.

Other tax payers Related Articles

How To Reduce Your Cash Flow Problems and Get Paid On Time
How often do you hear business owners complain that their clients are 'slow payers?' Before working with me, one of my clients who has a pool building business, told me that they only asked for a 10% deposit at the start of the project and then invoiced the balance at the end of it. The process of building a pool takes weeks! In the meantime her company would have to cover wages, equipment and all other costs throughout this time. What often happened at the end, the clients were slow to pay causing them even more financial stress.

12 tips for generating leads in a downturn
The secret to surviving and thriving in a downturn is continuing to pick up new business - so that reduced orders, failed clients and slow payers do less damage to the business.

H1, L1 Visa Holder Special Tax Situation
Among the different tax situations we come across, H1 L1 visa holder tax situation stands out as a special tax situation. Several H1, L1 tax payers find out the uniqueness of the H1, L1 visa holder tax situation and special deductions available for hi-tech consultants. With the technology spending tightening and IT consultant billing rates getting crushed, every dollar saved in taxes seems like gold!
How Can My Business Use the SBA’s SBDC
I am like most tax payers and am extremely curious about where my tax dollars go and how they benefit me. Because I run a small business out of my home I am also curious about the Small Business Administration, and how the tax dollars it uses provide benefits to entrepreneurs like me. Recently, I visited the SBA’s website and started looking into the various services they provide.
Audit Proof your Business and Individual Tax Returns
While it is very encouraging to maximize legitimate deductions and receive big tax refund, it can be extremely painful to come under an IRS audit scrutiny. Many in the tax community believe that the audit-free ride for tax payers is likely to get over soon. IRS is likely to step up its audit enforcement in coming years as the federal government decides to close the massive budget deficit gap. IRS audits around 1.2 to 1.5 million tax returns – a small fraction of the total tax returns filed in the US. So, while it is still unlikely that you will be audited, the odds are increasing rapidly in middle to high income groups.
Tax Documents you must Maintain
What a great year this year has been for the tax payers in the US. Perhaps this may have been the best year for tax payers to get tax refund in recent history. We shall wait for the official figures from the US treasury, but from what we have seen at K&M Accounting and Tax Services in Charlotte, this year has been a bonanza of huge tax refunds for our clients. Now that the tax returns have been filed, what to do with all the paperwork and documents? This may be a good time to clean out the growing pile of tax and financial papers that clutters your home and office. Here's a list of what you need to keep

Tax Refund Loans - Changes Are Coming
Bad news if you’ve relied on getting your tax refund early by using a Refund Anticipation Loan (RAL). The IRS announced last week that it will no longer supply “debt” information about tax payers. Tax preparation companies used that information to “verify” your refund amount which they used determine how much to lend you. They’ll have to find other ways to qualify taxpayers which translates to higher fees and making it harder to get the loan at all.
Top Tax Audit Traps for H1, L1 and Information Technology (IT) Consultants
With a view to benefit the H1 L1 visa holder community, this article covers at a high level the potential tax audit issues that H1 L1 information technology (IT) consultants may be facing. The Tax Audit department in our office has come across several IRS Audit cases involving H1, L1 tax payers. Most of these tax returns were prepared and filed by offshore based tax preparers. The audit trigger seems to have been the excessive business travel expense deduction. Before we dive deeper into the issue, let us cover some fundamentals around the tax laws.

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