Articles, tagged with "income tax purposes", page 3

Some Important Points for New Van Leasing

When buying a van for your business you need to be clear about the finance methods - this fall within two categories: owning or hiring. Finance Lease is a hiring method. Finance Lease is ideal for individuals or businesses that want to have all the benef... Read >
Author: New Van Leasing

Mileage Log - The IRS Increase in the Mileage Deduction Makes It More Critical!

Your mileage log has just gotten that much more important for you if you are keeping track of your mileage for income tax purposes here in the United States. That's because, as of July 1, 2008, the tax deduction for business mileage has been increased ... Read >
Author: John Mann

A CPA's Tips for Incorporating in Nevada

Thinking about incorporating your business or investment in Nevada? Consider these seven tips to make the process easier, to minimize mistakes, and to avoid trouble. Tip #1: Don't choose Nevada unless you operate in Nevada Let's get this first tip o... Read >
Author: Stephen L. Nelson

Seven Great Tips for Incorporating in Florida

New small businesses often decide to consider the incorporation option, and that's logical. Incorporating a small business usually reduces the business owner's legal liability and often saves the business owner (and any outside investors) quite a bit in t... Read >
Author: Stephen L. Nelson

Paying the Owners of a Limited Liability Company

A tricky question that new limited liability company bookkeepers often have concerns how to record correctly the payments made to the owners. Are the payments wages, for example? Partnership draws? Or something else entirely different? Limited liabilit... Read >
Author: Stephen L. Nelson

IRS Dictates Employee Withholding Amounts

The IRS has set up a program where it can dictate to an employer what an employee can withhold from their paycheck for Federal Income Tax purposes without any input from the employee and without a court order. Under the new Withholding Compliance Progr... Read >
Author: Charles Read

Low Cost Auto Insurance California

California auto insurance have established a program for low income residents so as to make sure that everyone has and can afford auto insurance. This program will assist to eradicate the number of drivers that are uninsured from the road, and consequentl... Read >
Author: fatalus

Single Member LLC: Charging Order, Creditor Claims, Pass-through

Recently I've run across some significant issues with the single member LLC's with courts handing down noteworthy judgement decisions in favor of creditors using the theory of "fraudulent transfers" and "civil conspiracy." I ran across two such individual... Read >
Author: Rocco Beatrice

Parts of an Income Statement, Part 3

While some lines of an income statement depend on estimates or forecasts, the interest expense line is a basic equation. When accounting for income tax expense, however, a business can use different accounting methods for some of its expenses than it uses... Read >
Author: John Ugoshowa

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