Virtual Entrepreneur

FranchiseTalk: While many businesses are slowing down due to the rocky economic climate, Smart Tax franchise, a newly launched 10-unit tax preparation franchise concept, is just starting to speed up. Smart Tax is a step above the competition by offering quicker returns, better services and is expanding... More

La Voz Nueva: If you don’t have a Social Security number but still owe Uncle Sam a tax return, Tri Tax Income Tax Service will prepare a W-7 form for you at no charge. That’s right — free! “For many hardworking people without a Social Security number, the process of obtaining... More

Newsday: Small-business owners can easily get so buried in the daily minutiae of running a business and trying to survive that they often don’t give much thought to retirement planning for themselves or their employees. In fact, many entrepreneurs may even think they’re just too small to... More

BusinessBurrito: Office Supplies First up on this list of tax write offs is office supplies. From copy paper to paper clips, office supplies are considered the cost of doing business, and are tax deductible. Automobile Expenses If you own a company vehicle that’s used primarily for business, you can... More

GetEntrepreneurial: Tax accounting software has its basics in each of the three elements of the title. Accounting being the production of the financial accounts in a template format suitable for the tax system. Tax and tax software denotes the inclusion of the tax rules with software being a description... More

Daily Breeze: Question: What does it take to qualify for tax purposes as a home office? – M.M., Long Beach Answer: It is necessary to utilize a portion of your home “regularly and exclusively” as your primary business space, or “a place to meet or deal with your patients, clients... More

For many people, the first thought that comes to mind when they think of insurance is costly premiums. But as April 15 approaches, remember that some insurance products come with tax advantages that can save you money. MarketWatch: Consider these 5 insurance tax reminders by the nonprofit Life and... More

BizThreads: * Organize a proper system. Keep different files where you can file invoices, receipts, payment vouchers etc. If you are running different businesses, ensure that their accounts are maintained separately. Mark all the files in bold and clear letters. * Be perfect in maintaining cash transactions.... More

AllBusiness: Businesses with good loss-control measures and claim histories often pay lower insurance premiums than companies with risky procedures and poor claim histories. Take steps to prevent loss: * Hire security personnel to prevent shoplifting; * Install a sprinkler system to contain fires; *... More

Entrepreneur Daily: If you get stressed at the mere thought of filing your taxes, you’re not alone. According to a Gallup Poll, 62% of small-business owners named taxes as their top concern. If you’re looking for some guidance this tax season, check out this interview with Barbara Weltman,... More