Small Business
The most frequently asked tax questions related to Small Business
Salesman - NY Knick tickets I gifted my client deductible?
Asked Wednesday, October 04, 2000 by an anonymous userCPA Answer:
Sporting event tickets are considered an entertainment expense, if you accompany them. The deduction for a business gift is limited to $25 per person per year.
Generally, the amount allowable as a deduction for meals and entertainment expenses is limited to 50% of such expenses.
Generally, the amount allowable as a deduction for meals and entertainment expenses is limited to 50% of such expenses.
What is the Small Business Administration's web site ?
Asked Wednesday, October 04, 2000 by an anonymous userCPA Answer:
The address is www.sba.gov
What is the IRS web site address ?
Asked Wednesday, October 04, 2000 by an anonymous userCPA Answer:
The address is www.irs.gov
Is there a web site that will give me a listing of accounting and tax software packages available on the Internet ?
Asked Wednesday, October 04, 2000 by an anonymous userCPA Answer:
One address that might be helpful is: www.kentis.com/acctxpub.html
What is the web site for the Securities and Exchange Commission ?
Asked Wednesday, October 04, 2000 by an anonymous userCPA Answer:
The address is www.sec.gov
What form does my business file to pay the Federal Unemployment t Tax?
Asked Wednesday, October 04, 2000 by an anonymous userCPA Answer:
Use Employer's Annual Federal Unemployment Tax Return Form 940. Use IRS E-file to file and EFTPS to pay. Go to IRS.gov to E-file and www.eftps.gov or call 1-800-555-4477 to call for EFTPS The Federal Unemployment Tax (FUTA)is reported and filed separately from the Employer's Quarterly Federal Tax Return Form 941.
What federal form is the Federal Unemployment Tax reported on ?
Asked Wednesday, October 04, 2000 by an anonymous userCPA Answer:
The Federal Unemployment Tax (FUTA)is reported and filed separately from the Employer's Quarterly Federal Tax Return Form 941. Use the Employer's Annual Federal Unemployment Tax Return Form 940.
Should I file my tax return by the due date even If I can't pay what I think I will owe?
Asked Wednesday, October 04, 2000 by an anonymous userCPA Answer:
Yes. There are different penalty and interest calculations incurred for not filing timely, not paying and not paying timely, or when a balance due exists. You will want to avoid the failure to file by the due date when a balance due exists penalty. Therefore, file the tax return by the due date and pay whatever you can at that point in time to minimize your total penalty and interest calculations.
As an employer , what are some questions that I should NOT ask during a job interview ?
Asked Wednesday, October 04, 2000 by an anonymous userCPA Answer:
Federal and state laws prohibit prospective employers from asking certain questions that are not related to the job they are hiring for. Questions should be job-related and not used to find out personal information. In general, employers should not be asking about your race, gender, religion, marital status, age, disabilities, ethnic background, country of origin, sexual preferences or age.
Some questions you should not ask during an interview are: Do you have any disabilities?, How old are you?, What is your religious affiliation?, What is your ethnic background?, Are you married?, Do you have children?, or What is your sexual orientation?.