President Obama must be paying the least amount of taxes possible, as he has access to such talented people, right? Wrong. Even without a thorough analysis, we see there are some huge ways to reduce what the Obamas are paying in taxes. Read More
It's one of the worst tax time scenarios: You discover while doing your taxes that you owe taxes, and you don't have the cash. Here are your options. Read More
One has to cut when one can’t borrow any more. But that still hasn’t stopped the various interested parties and think-tanks on both sides of the Atlantic from arguing on whether this is the optimum approach or not. Read More
By knowing exactly what cash you have coming in and going out and when those transfers occur, you ensure you have enough cash to continue operating from day to day. At its most basic level, cash-flow forecasting helps a business survive. Read More
Amid the wailing and gnashing of teeth that are governments’ attempts to confirm the long-term viability of the euro project, we are also witnessing an attempt to introduce a financial transactions tax (FTT) or “Tobin Tax” in the European Union. Read More
The IRS audits a higher percentage of businesses with assets below $50 million than businesses above that level, according to data from Syracuse University. With 2012 fast approaching, now’s a good time for small businesses to consider an end-of-year legal review to pinpoint and improve areas of potential risk, according to online legal-help company Rocket Lawyer. Read More
While Senate Democrats this week offer a new compromise on U.S. tax cuts including an extension of the payroll tax cut, broader tax reform remains unresolved heading into next year’s presidential election. Small businesses especially have a lot at stake. Read More