Money or property that you donate to “qualified” charitable organizations can be included in your itemized deductions as a charitable contribution. But what is a “qualified” charity? Churches, synagogues, temples, mosques and other religious organizations Federal, state and local governments (if your contribution is solely for public purposes) - generally includes local … [Read more...] about What is a Charitable Organization?
Tax Tips for New Business Owners
If you are planning to open a new business, there are a number of tax and accounting issues you need to be aware of. The following are some of the more commonly encountered issues a new business owner needs to cope with. Entity Selection – First, you must decide what type of business entity you are going to establish. The type of business entity will determine which tax … [Read more...] about Tax Tips for New Business Owners
Go Back to School With the Educational Tools of QuickBooks
We know. When you first cracked your copy of QuickBooks, you wanted to dive in and start generating invoices. Fortunately, QuickBooks is intuitive enough that you were able to do just that. And its help system is so robust that you were able to get procedural questions answered quickly and easily. But there’s a lot to be said for backing up a bit and taking advantage of the … [Read more...] about Go Back to School With the Educational Tools of QuickBooks
Resumes for H1-B Application
When someone prepares a resume, they want to present their best side to the world. Unfortunately, this can come back and bite you if you are not careful. If you work for SmallConsulting, Inc., on a project for Microsoft, do not state on your resume that you worked for Microsoft. Show that you worked from SmallConsulting on a project for Microsoft.When the CIS sees a resume … [Read more...] about Resumes for H1-B Application
Tax Increases Are Coming Unless Congress Takes Action
Normally, one would think that Congress would have to take some action to increase taxes. However, it is quite the opposite for 2011. If Congress fails to take action, there will be a tax increase affecting just about everyone in every tax category. In order to skirt a Senate rule that requires 60 votes to pass a bill that increases the deficit beyond a ten-year window, … [Read more...] about Tax Increases Are Coming Unless Congress Takes Action