Small Business Week is May 17 to 23, and the Internal Revenue Service urges small businesses to act now and take advantage of tax-saving opportunities included in the recovery law.
The American Recovery and Reinvestment Act (ARRA), enacted in February, created, extended or expanded a variety of business tax deductions and credits. [...]

Washington – The Internal Revenue Service announced today that small businesses with deductions exceeding their income in 2008 can use a new net operating loss tax provision to get a refund of taxes paid in prior years.
To accommodate the change in tax law, the IRS today updated the instructions for two key [...]

The Internal Revenue Service today released new detailed information that will help employers claim credit for the COBRA medical premiums they pay for their former employees.
The IRS unveiled new information on this Web site, IRS.gov, that includes an extensive set of questions and answers for employers. In addition, the Web site [...]

You get a raise every time you find a legitimate tax deduction. The IRS lists only a small number of the allowable deductions on their forms, and they are not going to tell you about a deduction you failed to take. It�s up to you. The savings can be tremendous. Here are a few:
Tax Tip [...]

VIRTUAL FINANCIAL administrator, Fran McCully, specialises in helping small business owners reduce their workload and increase profits. Throughout the years during her interaction with solo-preneurs and small-business people, she noticed one steady and crucial oversight everyone seemed to be making.
“It was as if they were giving away their services for free because of all the [...]