Latest Business News

Topeka ? The state Department of Revenue is asking state lawmakers to allow it to charge Kansans fees for filing tax returns on paper.

The proposed fees are designed to encourage people to file their returns electronically.

Reader poll

Are you planning on filing your taxes on paper or electronically?

Secretary of Revenue Joan Wagnon on Thursday told lawmakers that the proposed fees would offset the costs of state employees processing paper returns.

The department is proposing charging $25 to file a paper income tax return and $5 for a paper sales or user tax return.

Full Post…

The Small Business Index report reveals that small business payments to their vendors, suppliers and other business partners stabilized at the very end of the year. Experts at Cortera predict that SMB payment behavior will remain less volatile in the coming months.

“The big questions now are whether the system has sufficiently cleansed itself of the drag caused by the most delinquent players, how much risk remains, and whether current levels represent a kind of new normal,” said Jim Swift, president and CEO of Cortera.

The report serves to benefit small businesses nationwide as payment behavior is the primary factor in establishing favorable credit ratings; good credit scores are essential for securing loans.

According to a survey from CareerBuilder, SMBs are increasingly confident in their ability to secure loans this decade.

Full Post…

As a work-at-home entrepreneur, are you taking full advantage of the tax deductions of your home office? Whether you use your home office space for placing client calls, managing administrative details, or even meeting business clients, you could reap significant small business tax deductions.

It is certainly possible to write off a portion of your personal mortgage or rent as a small business tax deduction. However, there are restrictions involved. Many small business owners never take the home office tax deduction allowed by the IRS, while others mistakenly do so, even when their home office does not meet IRS requirements.

Here is a look at restrictions and guidelines that you can use for your home office tax deduction.

IRS Guideline #1: Primary Office

First, your home office must be your principal place where you conduct your small business activities.

Full Post…

A lot of reasons exist why you should not only get into , but also endure in . You may want to take any of these decisions because of the love of a particular , because of a need to do so, because you are bound to continue from where someone stopped or because you simply have a feeling to do so. In almost every country of the world, people are looking at the sector as one of the bests. There are always statistics of these found in all countries. For example, the United States Department of Labor produces statistics which indicate that for almost the first three quarters of last year, unemployment was very high and a lot of people resorted to doing .

There is no need to trouble yourself on the way your is going to look like. Full Post…