Posts Tagged ‘small business accounting’

The Internal Revenue Service released a draft version of the form 8941 that small businesses and tax-exempt organizations will use to calculate the small business health care tax credit when they file income tax returns next year. The IRS also announced how eligible tax-exempt organizations –– which do not generally file income tax returns –– will claim the credit during the 2011 filing season.Both small businesses and tax-exempt organizations will use the form to calculate the credit. A small ...

Saving your Small Business thousands of dollars each year in taxes: Toro Accounting & Consulting Services LLC of Orlando, Florida is your best source for accounting advice. Recently one of our new clients using both the mileage the rate of 58.5 cents for 2008 and by collecting the small receipts for the petty cash will save over $21,567.00 this year! Vehicle Depreciation Limits Vehicle Depreciation Limits for 2008 (used 100% for business) is only $3,060.00, then ...