The 2009 BOSS Tax Organizers have been posted on our site under the downloads and “BOSS Clients” sections.

Use the organizers to get your 2009 tax year information together and organized for your accountant. Whether you use the BOSS Tax Department or not, the BOSS Tax Organizers will make sure whatever is necessary is gathered so that your tax returns are accurate.

We have organizers for individuals, traders, real estate investors, partnerships and corporations.

Click the “More Info” button to be taken to the downloads page.

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Bring in 2010 with this interesting article on the top 10 tax stories of the last decade from the Tax Foundation. Stories include that Tax Gap, The Bush Tax Cuts, the Fair Tax and more.

Click on the “More Info” link to see them all…

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The 2010 Revised mileage rates have been announced.  They are as follows:

Business:
2009: 55 cents per mile
2010: 50 cents per mile

Medical and Moving:
2009: 24 cents per mile
2010: 16.5 cents per mile

Charitable Contribution:
2009: 14 cents per mile
2010: 14 cents per mile

We are going to start posting some of the more ridiculous lawsuits we see filed as part of this section. With the economy struggling, we are going to see more folks resorting to frivolous lawsuits to try and make a buck. Unfortunately, everyone – even the lawyers – are struggling in this economy.

This posting’s lawsuit shows a woman suing a satellite TV provider because she tripped and fell on a cable. Read the complaint. This sort of stuff happens every day.

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Make sure you are taking the necessary steps to planning for your tax liabilities. The first step is figuring out exactly what your liability is. The second step is seeing if you can lower that amount through planning or, if you have losses, whether you would be better off recognizing gains to use the losses.

Need help with these steps? Call our accountants, CPAs and other tax professionals at BOSS. A great starting point is to watch to our recent webinar “15 Things You Need to Know Before the Tax Year Ends” – click the “more info” link below to watch.

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The time to engage in any sort of meaningful tax planning for 2009 is drawing to a close. Here is a link to a good article explaining how best to use capital losses (and gains) in create ways. Think outside the box.

Click the “More Info” link to read the article…

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If you are a small business owner, whether you hire people as independent contractors or as employees will impact the amount of taxes you withhold from their paychecks, as well as the amount and types of taxes you pay. Furthermore, it will affect how much additional cost your business must bear, what documents and information must be provided to you, and what tax documents must be given to the individuals you are hiring.

Click on the “More Info” button to read more…

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