Diane Kennedy, CPA “The Loopholes Queen”

Building Business Credit

The following blog is an except from Marco Carbajo – www.nationalentrepreneurclub.com During the early stages of starting and operating your business, you may have become accustomed to using personal credit cards to finance purchased, equipment, and …

Watch Out for These Common Scams

The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. Embezzlers are often just taking advantage of the easiest possible way to get money. And …

Five Anti-Embezzlement Strategies

The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. Look For Gaps in Check Number Sequence Make sure checks stay in numerical order. Look for…

Form 1099 Rules for 2011

Now is a great time to start collecting Social Security numbers and EIN (Employer Identification Numbers) for all of your non-employee workers. You will need to prepare a Form 1099-MISC for every person or non-corporate business structure that provided more than $600 of services for your business in 2011. You also need to ...

Related posts:

  1. Form 1099-A, Form 1099-C and IRS Audits of Real Estate Professionals
  2. New Rules for Tax Preparers
  3. Which Way Is Your Business Going?

Three More Factors The IRS Will Look At When Determining Your Business

The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. Your losses are due to circumstances beyond your control (or are normal in the startup ph…