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  • Renee: CEO Coach & Management Specialist 12:53 am on January 18, 2010 Permalink | Reply
    Tags: , cpa, irs, , , , , tax help, taxes,   

    Stay Prepared For Business Taxes 

    Throughout the life and management of your business you should have things in order especially when it comes to tax time. This is one of the one of the many times that you don’t want to screw up in business. Sometimes preparing your business for tax time can be a pain but it must get done.

    You should have had things organized already. Like your receipts & other important tax info. All receipts should be original, not copies. The IRS already knows how businesses big & small try to deduct as much as possible. So have your things in order, just in case of an audit. Have proper storage for your receipts & tax info in a safe organized place such a secure organized fire proof file cabinet or storage boxes etc…

    Also recheck things with your bookkeeper, payroll company and/ or get assistance from a CPA, tax specialist or your local IRS office for free. Whatever the condition of your business finances, always pay your taxes.

    If you don’t know then educate yourself on business taxes. Education will really help you out in the long run. Sometimes if the nature of your business is somewhat consistent from year to year, you may be able to manage your business taxes by yourself.

    Look into taking advantage of many tax breaks.Tax laws can be confusing, especially with the constantly changing stipulations for business filings. So it’s always good to educate yourself & get help.

    It’s always great to get a tax advisor or some form of tax help. You can get great info from IRS website–> http://www.irs.gov

    • Una Padula 10:56 pm on January 29, 2010 Permalink | Reply

      I was surfing around for more information on this topic this morning when I discovered your really helpful article…thanks a million for sharing. I will definitely be checking up on your blog and visiting again to read new articles.By the way since when have you been keeping a blog? 🙂

    • Len Foster 10:36 am on February 2, 2010 Permalink | Reply

      Tax is something I always outsource to people who know what they are doing and can give good advice on reducing my tax bill.

      I am a big fan of outsourcing with any work at all and have a site dedicated to promoting outsourcing http://www.easyoutsourcingforprofits.com

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  • Renee: CEO Coach & Management Specialist 6:01 pm on August 17, 2009 Permalink | Reply
    Tags: affect, compensation, , employer, federal, information, minimum, , payment, taxes, wages,   

    Will The Minimum Wage Increase Affect Your Business? 

    There was a big push for an increase in the federal minimum wage and it was officially implemented on July 24,09. Many small businesses now have to face the challenges of dealing with and complying with the federally mandated minimum wage increase.

    For the those that don’t know: the federal minimum wage is the legal lowest amount that an employer can pay an employee. The minimum wage was increased from $5.15 an hour to $7.25 an hour. With the installation of the federal minimum wage that was implemented on July 24,09, how will it affect your buisness? If you are a business that employs many employees do you see this as a big problem?

    It can be somewhat of a boost to the working poor or people who work for minimum wage in addition to other incomes, but it’s not great, considering all of the taxes that will be taken out of an employees paycheck. The increase in the minimum wage will have a big impact on some companies & they will see financial changes in the coming years.

    Many states & companies already pay wages at or above the new minimum wage, so this increase may have little impact on them. Depending on the industry that you’re in, the impact of the minimum wage might not hurt so bad. It may really hit hard in the fast-food industry, retail industries etc…

    If you are like many small companies, then you’d need to plan for and compensate for the growing labor costs. When you take a look at the minimum wage and how it will affect your business, you have to consider your labor costs and redevelop your day-to-day business operations. You have to look at ways to increase efficiency in your workplace and find creative solutions to reduce your overhead.

    Many small companies deal with this by increasing prices for products, services or even firing employees. To help minimize increases in pricing & labor costs, many small companies have chosen a creative solution and that’s to implement onshore outsourcing.

    In using onshore outsourcing, many of them are outsourcing and utilizing Virtual Assistant services. Virtual Assistant services (also known as VA’s), help to lighten your load, reduce labor costs, you’re  able to maintain business as usual more efficiently, more effectively & increase business productivity.

    That’s one of the many ways that companies get ahead of their competition, maintain a successful business. When working with a VA, you reduce your overhead, you maximize your efficiency, your productivity and your bottomline.

    For most small companies there is an upside to the minimum wage increase, and it’s knowing that it can stimulate the economy. Usually when people make more money, sometimes they make lifestyle changes and they buy more which generates more revenue in the economy.

    The increase in the federal minimum wage doesn’t have to be looked at as a negative it can be a positive for your business. As a business owner you need to have a strategic plan of action for times like these.  Don’t wait till the last minute or wait till bad things happen to develop a strategic plan of action for the bad times in business. Plan ahead. With a strategic action plan, you’ll be able to attack problems head on, then there will be less problems for you.


    Clerical Business Solutions~


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  • Renee: CEO Coach & Management Specialist 3:24 pm on April 15, 2008 Permalink | Reply
    Tags: , , , , , , , business coach, , , , , , , , , , , , faith, , , , , imports, , , , , , , , , , tax professionals, taxes, , , , ,   

    Watch Out For IRS Scams 

    There are many identity theft schemes that use the IRS name in order to get your personal information. They come to you through unsolicited phone calls, unsolicited emails from the IRS (Internal Revenue Service).  Be careful because you are not talking to the IRS like you may think that you are.

    There have been over 200 complaints about phishing schemes reported to the Internet Crime Complaint Center since 2006. These phishing schemes falsely use the IRS name as bait. Now the scammers have new tricks up their sleeves. They use personalized email greetings, the promise of tax rebates, sometimes threats to get you to give up your personal information. Don’t fall for these tactics.

    Don’t give out your personal information to anyone that you have not contacted yourself. If they say that they are the IRS then call the IRS for yourself to verify their claims before you give out your information.

    Don’t fall for these IRS scams:

    Scam # 1. Tax Refund Emails

    The scammers will use the IRS name & logo in an email to fool you. Contact the IRS if you receive one of these emails to verify if the IRS really did send you the email. The IRS name & logo may look real but look closely at the footer on the bottom of the email it will have a copyright 2008, IRS U.S.A. That may look real but it usually is copied and pasted onto the email. Most scams come from overseas and have a lot of misspelled words, incorrect grammer etc…

    Also the subject line may have “Notice From the IRS” and have IRS in the domain name. Some emails will have a link in the email for you to click in order to claim your refund. Don’t click this link.  If you do it will take you to a fake IRS claim form for you to fill out with all of your personal information. They want your social security number or the numbers of your family members, credit card numbers, address and/ or your bank account information.

    That gives a wealth of information to criminals. The scammers will use it for identiy theft or sell it on the black market. Don’t get so curious to click the link in these emails because you just may download malware onto your computer which will hunt for your personal information. “Curiousoty killed the cat”

    The IRS will not use emails to tell you about your refunds or rebates. If you are expecting a refund or rebate check out the IRS, Where’s My Refund Tool to locate your refund.  Report fake emails & phishing scams to phishing@irs.gov .

    • IRS Tax Forms 1-800-892-3676
    • IRS 24Hour/ 7 days Tax Info, Refund Status 1-800-829-4477
    • IRS Tax Help Line (Individuals)1-800-829-1040,(Business)1-800-829-4933
    • IRS Refund Hotline 1-800-829-1954
    • IRS Tax Fraud Violations 1-800-829-0433
    • National Taypayer Advocate 1-877-777-4778
    • Tax Exempt Government Entities 1-877-829-5500 

    Scam # 2. Rebate Phone Calls

    For many years there have been fake phone callers who impersonate IRS employees. They tell you that you can get your rebate early for filing your taxes early. The scammers will ask for your bank account information and if you refuse then they will deny your refund. That’s a lie so don’t fall for it.  The scammers will use current events in American Government to fool you. They are using the recently passed rebate legislation by Congress as a con.

    If you get one of these phone calls just hang up the phone and call the IRS for yourself to check it out.  Your real notification of a rebate will come in a letter from the IRS not an email.  Checks will start coming out in May.  If you want your money direct deposited you must include it in your tax return.

    Scam # 3. Check Verification Phone Calls

    A fake IRS employee calls consumers telling them that the IRS mailed them a check that you haven’t cashed and ask for your bank account information. The IRS will never call you about not cashing a check. The IRS doesn’t mind if you don’t cash it right away. To see what’s happening to your rebate check out the IRS, Where’s My Refund Tool.

    Lesson To Learn :

    The IRS communicates with taxpayers through the U.S. Postal mail. To report fake scams, fake phone calls and emails to phishing@IRS.gov .

    Scam # 4. Audit Emails

    Audit emails is a new scam which will threaten you or scare you into giving up your personal information. They tell you that your refund will not be granted to you because your tax refund is being audited. It also includes a link to a fake form for you to fill out.

    These emails will greet you by your name. They get this information from social networking sites and hacked computers to target their emails.

    The IRS does not send out unsolicited emails or phone calls.

    Clerical Business Solutions

    Renee-Virtual Assistant  Email: info@clericalsolutionsinc.net

    Web: http://www.clericalsolutionsinc.net   

    • 9/11 7:02 am on July 27, 2008 Permalink | Reply

      Man will occasionally stumble over the truth, but most of the time he will pick himself up and continue on.SirWinstonChurchillSir Winston Churchill, 1874-1965

    • 9/11 Truth 6:16 pm on July 27, 2008 Permalink | Reply

      Nine-tenths of wisdom is being wise in time.TheodoreRooseveltTheodore Roosevelt

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