The word “makeover” has so many different definitions, but in essence it all boils down to wanting to change how you’re perceived.  Unfortunately it seems to be what we want to offer more to our customers than ourselves, because we may feel that we don’t need it and we’re just perfect the way we are in both the products and services we offer.

Although it is only August, tax planning is a year-around job for small business owners unfortunately.  So if you’re wondering what type of options that are available for this calendar year, here are some options available:

With the continued increase of electronic filing of tax returns, it’s also become increasingly troublesome that more and more people are losing their identity due to a lack of increased security as it relates to the submission of taxes filed online.  Although Congress is working towards reviewing what’s been going on at an alarmingly high rate, one of the major causes of this has been what’s termed as the “Phantom Preparer.”  Recently the IRS has made great strides in attempting to regulate tax preparers with what’s called a Preparer Taxpayer Identification Number or PTIN.  T

In May it was stated that Texas added 12,500 new jobs, the 22^nd straight month of jobs gains, and the trend is expected to continue when the jobs report is released in a few weeks.  However with the increase in jobs, means an increase in employer liability when looking to hire new people as well.  Unfortunately if you’re advertising on various web sites such as Craigs List, you will get numerous people who have no relatable experience to the position you’re advertising, as well as simply putting out a Help Wanted sign at the front door of your company location.

After you’ve done your work and trying to find who you think is going to be the best employee for your open position, but what’s your back-up plan, i.e.

It’s always important to have a set of bill priorities when you’re running short on cash, however there’s often times when people fail to realize what seems to be most important than not.  Above all else, you have to remember that these are not hard and fast rules, however it’s important to keep them when cash flow becomes an issue at any time.

Payroll Taxes

This post is from the Steven Kay Life Business and Money radio show featuring Dwayne Briscoe of Bookkeeping-Results.  You can listen to a recording of the show on Steven's website.

This post is from the Steven Kay Life Business and Money radio show featuring Dwayne Briscoe of Bookkeeping-Results.  You can listen to a recording of the show on Steven's website.

If you process credit cards you are.  The IRS is debuting its newest income tracking form when credit cards payments are made to your business, the 1099K.  What does this mean for you?  More paperwork and making sure that your credit card income matches what you receive from your merchant processors.  What happens if you don't?  An valid explanation you need to have should you get audited.  With the increased hiring of IRS auditors and the audit percentages going up, it's going to make it harder and harder to escape making sure that your financial records are c