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From the category archives:

Taxes

Small Business Owners Avoid Extra Bookkeeping

by Madison on May 26, 2011

The following post is from Madison of My Dollar Plan and Kids and Money at about.com:

source: the biella

When congress passed the recent healthcare reform bill, there was a little provision in it that would have had big impacts for small businesses. Luckily, it was recently repealed. Here’s more from Jill, one of the staff writers at My Dollar Plan:

The new healthcare law included one non-healthcare related provision: beginning in 2012, businesses would be required to send 1099s to individuals and corporations who sold more than $600 worth of goods and services to that business in a given year.

This was a change from current law, which requires businesses to send 1099s for $600 worth of services provided by a non-incorporated individual (usually independent contractors).

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Getting Ready for Next Year’s Tax Season…Today

April 22, 2011

The following tax tips are brought to you by DYMO: Tax season is over for the year, but I have one more tax-related task for you… Get ready for next tax season by creating systems to help you collect and organize tax information as it comes in! Think about your tax preparation process: What documents [...]

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How Year-End Finance Moves Impact Your Tax Return

February 23, 2011

The following post is from Madison of My Dollar Plan and Kids and Money at about.com: A couple months ago I highlighted Eight End of Year Finance Moves to prepare you for the new year. Now that tax time is here, and all of your tax papers are organized, let’s walk back through each of [...]

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Free Printable Tax Checklist to Organize Your Tax Documents

February 22, 2011

By now, many of you have already filed your taxes. You probably didn’t need a checklist anyway because you’re on top of things, so you didn’t miss too much. But for the rest of us — you know, those of us who put off doing our taxes because we know it’s going to be a [...]

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Tracking Doctors Visits & Healthcare Costs (Free Printable!)

February 16, 2011

For many families, healthcare costs can add up over the course of a year and represent a fairly significant tax deduction. However, it can be easy to lose track of those expenses and the amount you’ve paid out of pocket if you don’t have a central place to record all of those expenses. Liz emailed [...]

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Question of the Day: Do You Do Your Own Taxes?

February 8, 2011

I’ve pretty much always done our taxes — with the exceptions of my husband’s business taxes since those involved franchises and corporations, which I definitely don’t feel qualified to tackle — and I’ll admit that I kind of enjoy figuring out the laws and forms. However, after talking with a friend who is a tax [...]

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File Your Taxes for Free Online

February 1, 2011

Have you started your taxes yet? If not — and if you have a fairly straight forward situation — be sure to look into these tax preparation programs, which offer free federal e-filing when you create an account: H&R Block Turbo Tax TaxAct

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Organizing Your Tax Information

January 29, 2011

Tax time is quickly approaching. If you haven’t gotten them already, you should be receiving tax documents in the mail within the next 10 days from employers, banks, mortgage companies and more. But organizing those documents is only part of the battle. You also need to organize your medical expenses, charitable giving and a dozen [...]

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8 End of Year Finance Moves

December 21, 2010

The following post is from Madison of My Dollar Plan and Kids and Money at about.com: The end of the year is often busy with holiday decorating, baking, and shopping. Of course, making time for your finances during the holiday season is also an important part of the end of the year festivities! Here’s a [...]

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