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Nov 24 2011

How to Save Big on Your 2011 Business Taxes


Stephen WIlliams, CPA and Partner of GYL Decauwer LLP, discusses the Section 179 tax deduction. This video will explain what Section 179 is, why it’s great for small businesses, and why now is the best time for small businesses to invest in new hardware, software, and machinery.
This article was published at Accounting Services of Charlotte, NC

Nov 23 2011

TurboTax Business Federal+ e-File 2010 [Download LINK ]

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DOWNLOAD LINK : fileml.com Easier Than Ever Saves time and gives you a head start by transferring last year’s data and showing a year-over-year comparison for your business. Creates K-1 Forms Electronically Now you can distribute K-1s electronically in PDF format and save a trip to the post office. Imports Your Data Skip the data entry and rely on an accurate import of Profit & Loss statements from Quickbooks. If your chart of accounts is not tax-ready, TurboTax automatically imports your QuickBooks income and expense accounts and classifies them in the appropriate tax categories that you can edit. Creates Unlimited W-2, 1099-MISC, 1099-INT and 1099-DIV Forms Prepare forms for employees, contractors, shareholders and partners. All calculations can be done and printed on plain paper—no need for special-colored ink forms. Simplifies Entering Income and Expenses Speeds you through entering all your business expenses, no matter how you track them. If you have a Profit & Loss statement, TurboTax streamlines data entry so you can quickly enter all your income and expenses. If you track expenses manually, TurboTax gives you all the guidance you need to ensure you’ve covered all income sources and expense categories. Handles Multiple Businesses Lets you prepare returns for multiple businesses, even if they are different entity types. Provides extra guidance for entering multiple businesses. Includes Extra Guidance for New Businesses Shows which start-up costs new businesses can
This article was published at Accounting Services of Charlotte, NC

Nov 22 2011

RECAP ’11 SESSION – Business Tax Cuts


By a vote of 37-26, the Senate passed the omnibus tax bill Tuesday, April 5th. The bill phases out the statewide business property tax; extends the local government aid reductions enacted last year and reduces property tax refunds for renters. The bill would reduce spending by $580 million for the coming biennium. (To view closed-caption video, select the Senate Floor Sessions tab on the left.) Comments from Deputy Majority Leader Geoff Michel, Minority Leader Tom Bakk, and Senate Tax Chair Julianne Ortman.
This article was published at Accounting Services of Charlotte, NC

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