Pay Yourself Reasonable Wages
What rule do you follow if there are no rules to follow? As the owner of an S corporation trying to determine a reasonable salary to pay yourself, the question is important — and difficult to answer....
View ArticleSeven Ways To Cut Your 2010 Taxes
1. Tax rates are likely to go higher in 2011, so you might benefit from shifting income into 2010 and delaying deductions until 2011. It’s always a matter of personal circumstances, so analyze the...
View ArticleTax Tip Tuesday! Year-end Tax Housekeeping
This year will soon end… but you have a few more days to complete tax tasks before the calendar rolls into 2011. Here are three you can wrap up quickly. Review itemized deductions. Take a two-year...
View ArticleTax Tip Tuesday! Accountable Plans Make Business Sense
Do you have a plan for your business? And if you do, is it an accountable plan? An accountable plan is an arrangement that lets you reimburse your employees for expenses incurred on behalf of your...
View ArticleTax Tip Tuesday! Pay Employees For Riding Bikes To Work
Bicycles may well be the vehicles of novelists and poets, as stated by journalist Christopher Morley. But these days bicycles are also the vehicles of commuters — and if they’re the vehicles of...
View ArticleFile Form 941
Title: File Form 941 Description: File Form 941 for the third quarter of 2012 if you timely deposited all required payments. Date: 2012-11-13 The post File Form 941 appeared first on Thaney &...
View ArticleAccountable Plans Are A Win-Win Business Idea
Are you looking for a way to give your employees a tax-free benefit that is also tax-deductible for your business? Why not consider an accountable plan? An accountable plan is an arrangement that lets...
View ArticleMonthy Payroll 941 Deposits
Title: Monthy Payroll 941 Deposits Description: Employers generally must deposit Form 941 payroll taxes (income tax withheld from employees’ pay and both the employer’s and employees’ share of social...
View ArticleMidyear Tax Planning Should Be A Business Priority
It’s midyear 2013 — time to take a serious look at your business tax planning. Here are some places to start. Review your equipment needs. You can expense $500,000 worth of new or used equipment...
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