Tax season tips
Article Abstract:
It is important to keep good records and books of business transactions because all items claimed on income tax returns must be verifiable. It is possible to hire employees for whom a tax credit is allowed under the work opportunity credit or the welfare to work credit. Net operating losses may sometimes be carried back to previous years. Deductions for business bad debts may be taken only if the debt is uncollectible. Expenses for business trips that also include some vacation may require allocation between business and personal costs.
Publication Name: Hispanic Business
Subject: Ethnic, cultural, racial issues/studies
ISSN: 0199-0349
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
A generally beneficial law
Article Abstract:
Issues concerning the taxation system introduced by the United States president George W, Bush for small businesses are discussed. Particular attention is given to the issuing in 2001 of the Economic Growth and Tax ReliefReconciliation Act.
Publication Name: Hispanic Business
Subject: Ethnic, cultural, racial issues/studies
ISSN: 0199-0349
Year: 2001
User Contributions:
Comment about this article or add new information about this topic: