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Tips To Reduce Payroll Stress

In Financial by Clint Coons

When you hire your first employee, you create an entire new task of complying with employment and labor laws and issuing a payroll. Payroll taxes create more administrative burden for small businesses than any other tax, according to the 2015 Small Business Taxation Survey from the National Business Association.

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Parents Can Get a Tax Break for Sending Kids to Day Camp

In Tax by Anderson Advisors

With summer just around the corner, there is a tax break that working parents should know about. Many working parents must arrange for care of their children under 13 years of age (or any age if handicapped) during the school vacation period. A popular solution – with a tax benefit – is a day camp program.

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Are You Missing Out On The Earned Income Tax Credit?

In Tax by Clint Coons

The The Earned Income Tax Credit (EITC) is for people who work but have lower incomes. If you qualify, it could be worth up to $6,242 in 2015. So you could pay less federal tax or even get a refund. The credit is a refundable credit, so you can receive the benefits of the credit even if you do not owe any taxes. That’s money you can use to make a difference in your life.

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Read This Before Tossing Old Tax Records

In Tax by Toby Mathis

Old Tax FilesNow that your taxes have been completed for 2014, you are probably wondering what old tax records can be discarded. If you are like most taxpayers, you have records from years ago that you are afraid to throw away.

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Understanding the accounting term EBITDA and how to use it.

In Financial by Toby Mathis

The accounting term EBITDA is an acronym that is widely used. It stands for Earnings Before Interest, Taxation, Depreciation, and Amortization, and it is an extremely helpful tool for understanding how one business or industry is faring based on comparing it to others that are doing the same thing.

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Writing Off Your Start-Up Expenses

In Tax by Toby Mathis

Business owners – especially those operating small businesses – may be helped by a tax law allowing them to deduct up to $5,000 of the start-up expenses in the first year of the business’s operation. This is in lieu of amortizing the expenses over 180 months (15 years).