Coakley Small Business Services » tax http://www.coakleysbs.com Accounting - Database - Reporting Tue, 26 Jan 2010 17:47:44 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Small Business TV! http://www.coakleysbs.com/2008/12/small-business-tv/ http://www.coakleysbs.com/2008/12/small-business-tv/#comments Thu, 04 Dec 2008 20:04:36 +0000 ambercsbs http://www.coakleysbs.com/?p=36 Did you know that there is an internet-based resource for small businesses that combines video content like a television channel, plus cutting-edge web content? I’ve known about sbtv.com for awhile, but never visited. BIG mistake. If you own a small business, or are thinking about starting one, I strongly recommend that you visit sbtv.com. Sbtv.com is powered by our very own federal government.

This is the time of year when many small businesses are scrambling to to meet budget and revenue goals, as well as prepare for taxes. Business owners can do themselves a huge favor by keeping accurate and current records of all business and financial transactions. If you wear many hats, including Accountant, be sure that you utilize your accounting software to the fullest extent. This will help you get through year-end close and taxes smoothly, so that you can focus more of your time on your business!

The IRS has announced the new mileage rates for 2009. Beginning January 1, 2009, the rate is 0.55/business mile driven, down 3.5 cents from the current 0.585/business mile driven. You can also find a wealth of information about taxes for your small business or self-employment at the Internal Revenue Service’s Small Business and Self-Employed Tax Center.

If you have questions or need help with your small business accounting, data systems, or reporting, please contact me at info@coakleysbs.com.

Happy Holidays!

]]> http://www.coakleysbs.com/2008/12/small-business-tv/feed/ 0 IRS Issues Tax Adjustments for 2009 http://www.coakleysbs.com/2008/10/irs-issues-tax-adjustments-for-2009/ http://www.coakleysbs.com/2008/10/irs-issues-tax-adjustments-for-2009/#comments Wed, 22 Oct 2008 15:29:26 +0000 ambercsbs http://www.coakleysbs.com/?p=29 As this year draws to a close, many of you may be starting to think about your year-end bottom line. And taxes. The IRS has issued its Revenue Procedure 2008-66, which “provides the tax items adjusted for inflation for tax year 2009, such as itemized deductions, the tax rate tables, the earned income tax credit limits and many others.”

These changes are effective for taxable income in 2009 – so they won’t be used for your 2008 returns. Still, I thought many of you may like to know what to expect, as you begin to plan for next year.

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