Small Business, Big Ideas

with Jean Willard


5 tax-planning opportunities to think about right now

As 2014 draws to a close, you have more tax-planning opportunities available to you than ever before, but you also face more tax challenges. More than 50 popular tax provisions expired at the end of 2013 (many are projected to be reinstated, but as of today they have not been), so some new planning techniques are going to be needed.

Posted at 04:31 PM | Permalink | Comments


How to collect sales taxes away from home

If you have a thriving small business headquartered here in Wisconsin and want to begin soliciting business from out-of-state clients, you need to know about what lawmakers refer to as nexus.

Posted at 02:32 PM | Permalink | Comments


IRS helps cover the costs of looking after kiddos ... even in the summer

Most working parents are well aware that they get a tax break to help cover the costs of sending their children to day care during the school year. What they might not realize is that now with their children in alternative care for the summer, some of those tax advantages continue to be available.

Posted at 08:15 AM | Permalink | Comments: 1


New business repair regulations: When is a repair actually a repair?

Now that tax season is months behind us, it’s time to catch up with all the new topics that will affect us over the course of this year and beyond. One of the areas we need to put more emphasis on is whether money spent should be classified as a true repair or as a capitalized fixed asset.

Posted at 11:18 AM | Permalink | Comments


IRS offers a new direct-payment method

Do you owe the IRS for an item related to your individual 1040 return? Is the payment due within 30 days? If so, you may want to take advantage of a new IRS payment system that allows you to make tax payments directly from your checking or savings account.

Posted at 04:10 PM | Permalink | Comments