April 1st was implementation day for the Making Work Pay tax credit, and it wasn’t an April Fool’s joke. The American Recovery and Reinvestment Act of 2009 (ARRA), Congress’ most recent effort to “stimulate” our economy, contains this new tax credit, which will affect everyone when filing your individual return. You may be able to [...]
Posts tagged Taxes
Making Work Pay tax credit
Need more time to file?
Today is the day, or the last day I should say. If you can’t meet the April filing deadline to file your tax return, you can get an automatic six month extension of time to file from the IRS. Some things you need to know about filing for an extension: An extension will give you [...]
Some Commonly Overlooked Small Business Deductions
Written by: Courtney Phillips In the current economic climate, it is no surprise that people are looking for ways to save on their taxes. Over the last several years, many people have begun to telecommute, freelance, or work from home. These people often do not realize that there are many things that can be [...]
Are Credit Card Statements Sufficient Documentation for the IRS?
Written By: Steve Sildon For those running small or home-based businesses, you may have gotten in the habit of using a credit card to charge items for your business. The nice thing about using a credit card, especially a small business credit card, is that card issuers typically provide year-end expense statements that itemize [...]
Apportionment Rules for Service-Based Sales
Apportionment Rules for Service-Based Sales Written By: Cortney Das When our economy began to shift from manufacturing to service based, the state law had to revise its apportionment rules in order to address this change. The apportionment formula was established in the late 20′s and early 30′s. At this time the economy was dominated [...]


















