2009 Tax Calendar Virtual Small Business Tax Workshop Small Business Tax Responsibilities Tax Information for Small Business and Self Employed Taxpayers
And more.........
Sales and Use Tax Nexus
States have become more aggressive in claiming a seller has substantial nexus for sales and use tax purposes. Per the October 2008 issue of the Journal of Accountancy you should:
1. Review "physical presence" law. 2. Know where property is located. 3. Know the whereabouts and activities of employees and representatives. 4. Examine the nature of transactions and relationships in the state. 5. Take into account multi state operations and mobile customers. 6. Always ask questions.
Call your accountant before your year end to discuss activities in new states.
IMPORTANT INFORMATION FROM THE IRS: Contact our office with any questions that you may have.
THE INTERNAL REVENUE SERVICE HAS RELEASED THE 2009 SMALL BUSINESS RESOURCE GUIDE
The 2009 Small Business Resource Guide is a handy, interactive web-site to equip small business owners with the skills and knowledge needed to successfully manage a business. The site covers a wide range of topics, from starting a business to retirement plan options.