New Business – What to Deduct
I was posed with this question recently, one that I frequently get when someone starts a new business in Illinois. Q: “I just started a new business and want to start keeping track of things for next...
View ArticleForm 1099 Reporting Requirements for 2011
One of the areas we see the most confusion concerning reporting compliance among businesses is that of reporting payments made to vendors for services performed for the company. This is also an area...
View ArticleHow a Change in 1099 Reporting Will Cause Headaches for Business Owners and...
As part of new legislation passed during 2011, Congress has mandated new reporting for payments made by credit card processors and banks. This new reporting requirement is sneaking up on the general...
View ArticleReporting Stock Transactions Becomes More Complicated
Beginning with the 2011 tax return, reporting stock transactions has become significantly more complicated because of the new requirement for brokerage firms to track the purchase price of stocks...
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