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Category Archives: Business
Victoria’s Secret Lays Off Employees at Headquarters
Victoria’s Secret is laying off about 15 percent of the brand’s employees at its Columbus, Ohio, headquarters as the lingerie store struggles to reshape its image and the chief executive of its parent company remains under scrutiny for his ties … Continue reading
Jawbone Trade Secrets Case Leads to 6 Fitbit Staff Indictment
In a statement released by the Department of Justice, six former and current Fitbit Inc. employees were charged for possessing trade secrets stolen from their competitor Jawbone. Each employee had worked previously at Jawbone for a minimum of a year … Continue reading
Prepare for Hurricanes, Disasters by Safeguarding Tax Records
The 2011 hurricane season starts today, and the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps. Create a Backup Set of Records Electronically Taxpayers should keep a set of … Continue reading
Posted in Business, General, Taxation
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FBAR Filing Deadline Extended for Certain Financial Professionals
The Internal Revenue Service and the Financial Crimes Enforcement Network (FinCEN) today announced that a small subset of individuals with only signature authority required to file the Report of Foreign Bank and Financial Accounts (FBARs) will receive a one-year extension … Continue reading
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Employee Business Expenses
If you itemize deductions and are an employee, you may be able to deduct certain work-related expenses. The IRS has put together the following facts to help you determine which expenses may be deducted as an employee business expense. Expenses … Continue reading
Posted in Business, Individual, Taxation
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IRS Releases Form to Help Small Businesses
The Internal Revenue Service today released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business health care tax credit when they file income tax returns next year. The IRS also … Continue reading
Six Tax Tips for New Business Owners
Are you opening a new business this summer? The IRS has many resources available for individuals that are opening a new business. Here are six tax tips the IRS wants new business owners to know. First, you must decide what … Continue reading
Form to Claim Payroll Tax Exemption for Hiring New Workers Now Available
The Internal Revenue Service has posted on its website the newly-revised payroll tax form that most eligible employers can use to claim the special payroll tax exemption that applies to many new workers hired during 2010. Designed to encourage employers … Continue reading
IRS Offers Details on New Small Business Health Care Tax Credit
The Internal Revenue Service issued new guidance to make it easier for small businesses to determine whether they are eligible for the new health care tax credit under the Affordable Care Act and how large a credit they will receive. … Continue reading
Five Tips for Great Record-Keeping
There are many records you have that may help document items on your tax return. You’ll need this documentation should the IRS select your return for examination. Here are five tips from the IRS about keeping good records. Normally, tax … Continue reading
Posted in Business, General, Taxation
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