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Little or No Relief for Some Small Businesses through Bankruptcy

January 7, 2010 by Barbara Weltman with 151 views

The Associated Press reported that bankruptcies increased by 32% in 2009; filings in December alone were up 22% over the same period in 2008. A number of these filings are small business owners who have thrown in the towel. For some owners — sole proprietors and usually partners — when the business goes under so does the owner. Surprise... [read more]

16 Tips to Avoid a Tax Audit of Your Small Business Return

March 26, 2009 by Daniel Kehrer with 453 views

IRS audits of small business tax returns are up - way up, and headed even higher. The Internal Revenue Service has said loud and clear that it believes roughly $100 billion of income from small business, home office and other solo-operator sources goes unreported each year.  As a result, the tax collecting agency has amped up an... [read more]

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