Small Business Taxes - Free Enterprise
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You hate filing taxes. It's okay. Most people hate filing taxes. This is why we hire accountants to do our taxes for us. They're the experts. They have the training. We trust them to do a good job.

But, what happens when you get audited and assessed a penalty by the IRS? Can you sue your accountant?

The tax man always gets his cut.

If your business sells clothes or shoes, you probably already know you have to collect sales tax. But, what if your business only provides a service? Do you need to collect sales tax on services?

The law on collecting sales tax on services varies from state to state, but here are some things to know:

The IRS tax audit notice. Is there anything more feared and dreaded for both individuals and small business owners alike?

You filed your return, paid any taxes you owed, and breathed a sigh of relief. But, wait! You've just received an audit notice in the mail. (Note: The IRS will never call you. If you got a call, it's probably a scam.)

What should you do next? Here are a few options to consider:

According to the IRS, businesses owed over $100 billion in unpaid taxes in 2011 alone. With Tax Day just around the corner, one question many business owners may be asking is, "Am I liable for my business' back taxes?"

The way your business is set up helps to determine whether or not a business owner is personally liable for a company's taxes. Sole proprietorships, partnerships, limited liability companies (LLCs), and corporations are all taxed differently.

Here's a general overview of what you need to know:

As business owners know, we are smack dab in the middle of tax season. Yay! But with the tax code spanning over 70,000 pages, most entrepreneurs don't have the time to comb through it to figure out which tax credits are available.

Have no fear, FindLaw is here. Before you scramble to submit your tax return the day before its due, consider these three business tax credits that could really pay off for you:

Whether you're freelancing, telecommuting, or your own CEO, you may be eligible for some substantial tax deductions if you work from home.

From incorporating your small business and deducting your home office to expensing coffee and donuts (and the weight loss program to work them off), here are five tips to get you started:

Small Business W-2 Forms: 5 Legal Reminders

It's January, which for small business owners means it's W-2 time.

This year, W-2 forms are due in by March 2 for those small businesses filing by mail, or March 31 for those who choose to e-file; of course, employees must be provided copies of their W-2 forms by January 31. But what else do small business owners need to know about W-2 forms?

Here are five legal reminders:

Many small business owners who deduct expenses for work clothes and uniforms on their taxes may want to look a bit closer at the tax rules. It turns out that many entrepreneurs choose to write off expenses that may not actually be tax-deductible at all, including clothing.

So are your business' work clothes and/or uniforms tax-deductible expenses? Here are some general guidelines:

Small businesses may be very successful raising funds through Kickstarter, but those who receive those funds shouldn't forget the potential tax implications of crowdfunding.

For its part, Kickstarter (with the caveat that they are not tax attorneys) claims that in general, "funds raised on Kickstarter are considered income." However, the crowdfunding platform also claims that Kickstarters may be able to classify certain funds as "nontaxable gifts" instead.

So which is it? Should businesses treat Kickstarter or crowdfunding money as taxable income?

When Is a 'Business Lunch' Tax-Deductible?

When you're a small business owner, pretty much any meal is a tax-deductible business meal, right? Not necessarily.

The IRS has very specific rules for what is, and what isn't, considered a business meal for tax purposes. And unfortunately for many small business owners, eating lunch at your desk will most likely not be considered a tax-deductible business meal.

So what are the rules for when a meal can also be a write-off?