Small Business June 26, 2026
Tax Court Doesn’t Horse Around in New Hobby Loss Case
After examining all the evidence, the Tax Court ruled that the activity doesn’t rise to the level of a business. Result: All the loss deductions are denied.
May 30, 2014
Oregon Woman Charged with 173 Counts of Filing Bogus Tax Returns, $1 Million in Refunds
Internal Revenue Service investigators have charged a Northeast Portland woman of filing as many as 173 fraudulent tax returns claiming more than a $1 million in refunds.
May 30, 2014
Summertime Tax Tip #7: Salvage Tax Deductions by Donating Household Items
It’s a common practice during the summer: After a spring cleaning, people try to sell the household items they no longer need or want in a “garage sale” (known as a “lawn sale, “tag sale” or some other name in parts of the country). But what do they do with those items that are left…
May 29, 2014
Energy Tax Specialist Explains Clean Energy Tax Incentives
The ITC is not simply a deduction, explained Parker. It is a tax credit good for up to 30% of the cost of the project, and is often an incentive that can only be enjoyed by entities with substantial passive income and a large tax appetite. Passive losses can only be offset by passive income.
May 28, 2014
States Seek Ways to Regulate Bitcoin
State regulators in Massachusetts and others around the country are taking a close look at virtual currencies as bitcoin continues to grow in popularity.
May 27, 2014
Infographic Shows Sales Tax Holidays Across U.S.
Sales tax compliance is one of the most volatile issues that many businesses have to deal with, with more than 8,000 taxing jurisdictions across the country. From the state and county-level, to cities and special purpose zones like metro transit authorities.
May 27, 2014
Summertime Tax Tip #6: Climb Over Tax Obstacles for Business Vehicles
Congress keeps threatening to close some of the long-standing loopholes in the tax law. But one key tax break for business people has remained on the books despite numerous efforts to repeal it. It’s the special tax provision for certain heavy-duty vehicles.
May 27, 2014
IRS Nixes “Pump-and-Dump” Obamacare Strategy
Employers can’t get around the Obamacare “shared responsibility” provision simply by giving employees tax-free cash to pay for health insurance from a state-run exchange. In effect, this would pump up a worker’s pay and dump them in the marketplace. According to a new question and answer (Q&A) posted on the IRS website, as initially reported…
May 26, 2014
Bay Area Workers Pushing for $15 Minimum Wage
At $10.74 an hour, San Francisco already has the nation's highest big city minimum wage. But it could soon have company, as labor and community activists in cities from Richmond to Sunnyvale push wage increases that could turn the Bay Area into a high-wage hub.
May 26, 2014
Alabama Governor Pushes Small Business Assistance
A group of small business owners and politicians gathered at the Cullman, Alabama, Area Chamber of Commerce Friday to hear Governor Robert Bentley's pledge to bring more assistance to locally owned shops.
May 22, 2014
London Tops List of Best Cities of Opportunity, New York Comes in Second
Competition for talent, capital and economic clout drives cities to build and maintain resilient urban communities.
May 22, 2014
150,000 Taxpayers Used New IRS Online Payment System
The Internal Revenue Service says that more than 150,000 taxpayers used its new web-based system IRS Direct Pay to pay their tax bills or make estimated tax payments directly from checking or savings accounts without any fees or pre-registration.
May 22, 2014
Florida Sees Gain of 34,000 Jobs in April
Unemployment in the Tampa Bay region fell below 6 percent last month, as the state added 34,000 jobs in April, matching a national improvement in jobs.