June 14, 2011
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IRS Renews Stance on Simplified Research Credit Post-Return
June 10th, 2011 The Internal Revenue Service June 9 renewed its stance that taxpayers cannot make or revoke an election for the alternative simplified research credit after they file their tax returns, bringing disappointment from practitioners interviewed by BNA. IRS’s decision, announced in final rules (T.D. 9528), offers little help to taxpayers struggling with the […]
Read more- June 13, 2011
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Payroll-Tax Break Said to Be Discussed by Obama Aides Amid Slowing Economy
June 9th, 2011 President Barack Obama’s advisers have discussed seeking a temporary cut in the payroll taxes businesses pay on wages as they debate ways to spur hiring amid signs that the recovery is slowing, according to people familiar with the matter. The idea, which is in preliminary stages of discussion, is among several being […]
Read more- June 12, 2011
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Tip: Thriving and Prospering in a Tough Economy
It’s been two years since the economy hit a rough patch, and – although we are in recovery mode now – progress is slow, and many small business owners are still feeling the pinch. The effects of the recession have reverberated through business and industry worldwide, leaving no sector untouched. It is apparent that many […]
Read more- June 12, 2011
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Technology: SEC Considers Revising Rules for Online Funding
Finding new ways to raise capital is important to many small business owners, especially since traditional credit has slowed following the recent financial crises. New challenges require new solutions. To that end, innovative entrepreneurs have developed crowd-funding online sites as a new way for small businesses to raise capital. The growing popularity of crowd-funding along […]
Read more- June 12, 2011
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The Pros and Cons of Owner Financing
Existing home sales are down in most regions of the United States, and the depressed housing market continues to slump even with improved job growth. Expiring tax credits are a factor in lower than expected sales, as are tighter lending requirements and fewer qualified buyers, a lingering effect of the financial crisis and economic recession. […]
Read more- June 12, 2011
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Stock Market: Analysts Urge Diversification; Tech Seen as Possible Winner
Believe it or not, by June 2011 the U.S. economy officially will have been in recovery mode for two years, according to economic experts. As with any anniversary, this second year mark has prompted investment experts to contemplate where we stand and to ponder where we are heading. Post-recession, the rallying cry was that the […]
Read more- June 12, 2011
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Tips for Improving Your Cash Flow
No business can survive for long without a positive cash flow – that is, more cash flowing in than flowing out. This is probably the top reason a business fails. In times of an economic downturn, you must be aware of your company’s current cash situation and take the necessary steps to repair and improve […]
Read more- June 12, 2011
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States Eye Online Sales Taxes to Help Close Budget Gaps
Mining Online Revenues With many states facing revenue shortfalls, there is a renewed intensity over how state governments can collect sales taxes from online retailers. New York, Illinois and other states have already passed legislation requiring online sellers with a presence in their states to collect sales taxes from residents. Clicking Through While the legislation […]
Read more- June 10, 2011
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Fed: Economy still chugging along
June 8th, 2011 The Federal Reserve’s Beige Book is a little less blah about the economic recovery than most recent reports. Despite a few signs that economic growth is slowing, the report covering the Fed’s 12 districts reported the recovery is actually chugging along at a solid pace. “Reports from the twelve Federal Reserve Districts […]
Read more- June 09, 2011
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IRS goes kinder and gentler in disclosure initiative, still has fangs
June 8th, 2011 The IRS seems to be pulling out the stops to encourage more taxpayers to come clean and join its 2011 offshore voluntary disclosure initiative by the Aug. 31, 2011 deadline. These filings are very complex and have many unintended consequences. For some, joining the program means accepting huge tax bills — a […]
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