Blog
Tax Tip for Working Parents
If you work and pay for child care, you may be eligible for the child care credit. Also, your employeer may allow you to set aside part of your salary tax-free to pay for child care expenses. You may even be eligible for the earned income credit. Don't overlook the...
Take Cash Discounts In Your Business
Don't miss the cash discounts offered by your suppliers. A 2% discount for payment in ten days, versus net payment in 30 days, computes to an annual rate of return of 36%. If you can get a 10% discount for paying twelve months of payments in advance, you will earn...
Closing In-Bound Leads-An Upcoming Workshop
In our recent Business Leader Survey, 70% of respondents said that they would spend more time on their marketing and generating new sales if they were free from handling the day-to-day financial aspects of the business. While our firm can certainly assist them with...
Cutting Taxes Without Cutting Payroll
Simons Bitzer recently conducted our annual Business Leader Survey. When asked what is the most pressing concern facing your business today, 24% responded “needing more cash flow.” With statistics like that, we wanted to share some information that could help...
Who needs to make quarterly tax payments?
Any taxpayer that has income that is not subject to withholding may need to make quarterly estimated income tax payments. If you have just started a new business or have income from investments, you need to determine if you are required to file tax estimates. Failure...
The Importance of Midyear Tax Planning From Greg Simons
We have become accustomed to an ever-changing tax code. Learning new rules every year is a standard requirement for effective tax planning. This year, however, the situation is more complicated. The Bush-era tax cuts (passed in 2001 and 2003 and extended for two...
Midyear Planning Is A Must This Year
Midyear Tax Planning Update being released this week.
New Businesses Have Tax Filing Requirements
The IRS wants to educate new small business owners about their federal tax responsibilities. "Understanding and meeting their tax filing requirements is one of the biggest challenges faced by people starting out in business," says the head of the IRS Small Business...
IRS Give Employers 3 Tips on Payroll Obligations
Simons Bitzer recommends companies use a third party service provider for their payroll obligations.
IRS answers FAQs after filing a return
Frequently asked questions after filing a tax return.