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 22, 2013
Top Business Execs Worried About Growing Regulations, Geopolitical Unrest, Global Economy
According to a new KPMG International survey report, regulatory pressure is consistently one of the biggest threats facing companies across industries, and the number one challenge facing financial services and energy and natural resources companies. Regulatory, namely government pressure to contain spending, was the top risk in health care.
May 22, 2013
Uncredentialed Ohio tax preparer guilty on 10 counts
A Columbus, Ohio, man was found guilty yesterday of 10 counts of preparing false tax returns.
May 22, 2013
State gets court hearing on challenge to health care law
U.S. District Judge Ronald White has set a June 20, 2013, hearing in Oklahoma's challenge to IRS rules to implement so-called "Obamacare" in the state.
May 22, 2013
Oklahoma churches and colleges offer relief to tornado victims
Fourteen-year-old Lizzy Jasper sat smiling in a chair just inside the front door to New Life Bible Church in north Norman Tuesday morning, where a homemade sign let folks know this was now a "Tornado Shelter."
May 22, 2013
Americans Open Up Hearts and Wallets for Oklahoma Tornado Victims
It may be tax-deductible, but that's not why Americans give to charities that help other Americans hit by tragedies.
May 22, 2013
Federal aid promised for Oklahoma tornado recovery
President Barack Obama pledged full federal government support Tuesday morning as rescue workers continued to search for survivors amid the destruction left by the tornado which devastated Moore and parts of Oklahoma City.
May 21, 2013
IRS gives extension for businesses and individuals affected by Oklahoma tornado
After Monday’s devastating tornado in Moore and Oklahoma City, the Internal Revenue Service today provided tax relief to individuals and businesses affected by this and other severe storms occurring in parts of Oklahoma.
May 21, 2013
California tax preparer pleads guilty to tax evasion
A Patterson, California, tax preparer pleaded guilty Monday to one count of tax evasion and one count of structuring bank transactions in order to conceal her income, U.S. Attorney Benjamin B. Wagner announced.
May 20, 2013
How to Manage Sales Tax in QuickBooks 2013
QuickBooks’ sales tax tracking features help you track the “who, what, why, where, and how much” of sales tax. The ultimate goal of QuickBooks sales tax tracking system is to properly calculate and collect sales tax and to properly report revenues tax collections, and tax payments in two two-dimensional reports called Sales Tax Revenue Summary…
May 20, 2013
New Minnesota tax law would increase revenue by $2.1 billion
The Minnesota House has passed a tax bill that could raise revenue $2.1 billion by boosting taxes on high-wage earners, smokers and corporations.
May 18, 2013
Are Problems with Whistleblower Program the Next IRS Controversy?
Even after the dismissal of the acting IRS Commissioner and a top deputy who oversaw the tax-exempt division, the problems at the Internal Revenue Service seem to keep growing.
May 17, 2013
Florida investigating $3M Medicaid fraud
A Florida investigation into a $3 million Medicaid fraud scheme surrounding an Orlando woman and her mental-health service business has led to the arrests of several of her employees, who are accused of double-billing and taking kickbacks.