WE PROVIDE BUSINESS SERVICES:

• QUARTERLY PAYROLL REPORTING
• W2's and 1099's
• COMPUTERIZED BOOKKEEPING
• SALES TAX REPORTS
• NEW BUSINESS STARTUP - FILING SS4 ETC

BUSINESS 2010 TAX TIPS

• SECTION 179 IS STILL AVAILABLE FOR SMALL BUSINESSES
  You can deduct the cost of purchased equipment in one year instead of over several years using regular depreciation expense. We can help you determine what is best for you.
• BONUS DEPRECIATION IS STILL AROUND ALSO
  Bonus depreciation is intended to help businesses depreciate purchases faster against their taxable income, thereby encouraging businesses to invest in more equipment.
• CREDITS FOR SMALL BUSINESS PROVIDING EMPLOYEE HEALTH CARE
  New credit available if certain requirements are met. Give us a call.
• SMALL BUSINESS BEWARE ! IRS is aware that 20% of the tax gap is due to sole proprietors under reporting their income by an estimated 50%. Therefore, IRS will increase tax audits for these businesses - (Schedule C taxpayers). Businesses are required to maintain books and records for determining their income and deductions for tax purposes. We can help you with this.
  • KEEP A LOG FOR YOUR BUSINESS MILES - THIS IS MANDATORY
  • DEDUCTIBLE BUSINESS EXPENSE IS ANYTHING ORDINARY (COMMON TO YOUR BUSINESS) AND NECESSARY (HELPFUL) TO YOUR BUSINESS.
  • FOR MEALS AND ENTERTAINMENT - HAVE THE (4)P'S AND (1)D BELOW
    PERSON/ PLACE/ PURPOSE/ PRICE/ PATE

OTHER SOURCES TO HELP YOU WITH YOUR SMALL BUSINESS:

Small Business Administration (SBA) Business Information Centers (BIC) are IRS agencies that distribute forms and publications especially for the small business. Visit them at www.sba.gov.

Association of Small Business Development Centers (ASBDC) is another agency that partners with IRS to provide workshops for training, start-up and transitioning businesses. Visit them at www.asbdc-us.org or call SBA toll free at 1-800-U-ASK-SBA.

We are "Quickbooks advisors" and can help you with your small business bookkeeping. All small businesses should have a bookkeeping system. You can do this from your PC at home with a bookkeeping software or let us do it for you. You can purchase software at a discount through us. Go to Quickbooks.com.