BizOp Blogs

New York Daily News: No tax question is too tough for New York’s top accountants, and Your Money is putting them to work for you — for free. The annual Daily News Tax Hotline is returning this week to assist filers. An all-star team of certified public accountants will be on hand tomorrow, Wednesday... More

BusinessWeek: Here’s a welcome report for entrepreneurs this new year: President-elect Barack Obama’s massive stimulus plan is expected to include three key tax breaks for small-business owners. Details are still emerging, but the plan could include a longer window for businesses to “carry back”... More

Inc.com: Captive insurance companies have been growing by leaps and bounds. A captive is an insurance company that insures the risks of its parent company. It is owned by a parent or, at times, by the shareholders of the parent company. The operating entity insures all or part of its risks with its... More

Forbes: Maryann, a home-based Web site administrator in Virginia, owns 11 computers: five desktop models in the formal office area, another in the basement, a laptop by her bed, another in the den, two more in the dining room and one in her purse. “It’s a veritable showroom,” she says. Coming... More

U.S. News & World Report: Running a small business can be a life-consuming process, so sometimes small-business owners miss the forest for the trees. Maybe that’s why only about 16 percent of businesses with fewer than 50 employees in the United States have 401(k) plans. Small-business owners... More

Times Herald-Record: … let’s grab a fistful of paper dollars. Think about stuffing them down a storm drain. Small businesses unwittingly throw money away — well, no. They actually send it to the government. Droves of small-business owners overpay taxes because they don’t know the rules,... More

5 tax-specific benefits that make the 401(k) a smart choice for any small business. Forbes.com: 1. Tax credits make it easy to get started: Businesses with fewer than 100 employees, but at least one besides the owner, qualify for a $500 tax credit to offset the administrative costs of the plan for each... More

BizJournals: A New York congressman has introduced a bill that would offer a standard $1,500 deduction to taxpayers who work out of an office in their homes. The bill from Rep. John McHugh, a Republican, is backed by the National Association for the Self-Employed. It also has won the support of the... More

American Coin-Op: While the tax rebates for individuals are getting plenty of media coverage, the economic stimulus package also includes tax relief for small-business owners. There are a couple of provisions that will help commercial laundry owners increase cash flow and lower life-cycle costs. Todd... More

Kansas City Star: Small-business tax rule No. 1: Don’t mess with the Internal Revenue Service. But that doesn’t mean you should cheat yourself. Take every legal deduction you can. Here are a dozen that even savvy small-business owners and entrepreneurs sometimes forget. 1. Home office Concerned... More