IRS

Leaving your job to start a home-based business is exciting, but it’s not for everyone. The secret ingredients to make a home-based business are vision, ambition, and self-discipline. Ingredients: Vision Ambition Self-discipline Business plan Business license and/or permits Business advisor Dedicated “work-only” space Computer Phone or VOIP...

What are general record retention guidelines for business taxpayers? While a business’s recordkeeping system will be unique to its situation, below are some general guidelines regarding tax-related records. Canceled checks for tax payments – Permanent Correspondence from IRS/taxing authorities – Permanent Depreciation schedules – Permanent FUTA/FICA/SUTA/income...

[video width="640" height="360" mp4="https://secureservercdn.net/166.62.108.22/b7e.d97.myftpupload.com/wp-content/uploads/2019/06/social-security.mp4"][/video] While you can start Social Security payments at age 62, your monthly checks are reduced if you begin collecting benefits at this age. To claim your full benefit you need to sign up for Social Security at your full retirement age, which...