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Blogs Contributor - Barbara Weltman

Guest Blogger

Posts by Barbara Weltman

Guest Blogger

  • The usual scenario has been for businesses to start in the owner’s home and grow to a point where commercial space is needed. However, this pattern doesn’t suit everyone; some owners are leaving commercial space to go home for business or personal reasons. While there are no statistics...
    Industry Word - May 14, 2015 - 4 comments
  • While your risk of being audited is low and likely to stay low according to the IRS commissioner*, it’s still scary to think you may find yourself under the IRS microscope. Can you avoid this? Maybe. Will knowing your risk factors put you more at ease? Hopefully.  Here are 5 factors that...
    Industry Word - April 16, 2015 - 6 comments
  • The tax law acts like the Lord, who giveth and taketh away, when it comes to certain tax write-offs. Breaks can be enjoyed now, but there’s a day of reckoning when the breaks are repaid to the government. There are several rules that recapture previously claimed tax breaks. The information...
    Industry Word - March 12, 2015 - 0 comments
  • We all make mistakes and when it comes to taxes it’s all too easy to slip up. Recognizing mistakes and fixing them as quickly as possible is the key to minimizing interest and penalties and getting back on track.Employer tax mistakesUnless you’re a very small employer (with quarterly...
    Industry Word - February 12, 2015 - 1 comments
  • When your company needs financing, it may be difficult or impossible to obtain it unless you give your personal guarantee. This means if the company fails to pay its debt, you’re on the hook. Obligations for which you may be asked for your unsecured promise to pay if the company doesn’t...
    Industry Word - January 15, 2015 - 3 comments
  • If your business can afford it and you want to reward employees, year-end cash bonuses may be the way to go. In providing this additional compensation, understand what it means from a tax perspective.Bonuses are treated like other payThey are subject to income tax withholding, FICA, and FUTA taxes...
    Industry Word - December 11, 2014 - 10 comments
  • It’s common for companies to pay for employee meals under a variety of circumstances. They may be on the road for company business or in your lunchroom snacking. From a tax perspective, the circumstances under which you furnish food determine the extent to which you can write off your costs....
    Industry Word - November 19, 2014 - 0 comments
  • From time to time, an employee going through a rough financial patch may turn to an employer for help. As member of your small business family—which is how many owners view their staff—you want to be helpful. But lending money to an employee should only be done after considering all the...
    Industry Word - October 16, 2014 - 10 comments
  • Even though a business may be non-seasonal, it can still experience significant swings in the amount of revenue it takes in; sometimes things are very busy, while at other times things may be slow. Businesses that have dramatic work reductions often terminate members of their staff in order to make...
    Industry Word - September 11, 2014 - 6 comments
  • New taxpayers, such as recent graduates who’ve just entered the job market, probably have a clean tax slate. But seasoned taxpayers have a history that can impact their taxes going forward. Due to limitations and restrictions, some tax breaks cannot be fully used in the year in which they are...
    Industry Word - August 21, 2014 - 3 comments

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