A Small Business Teaches the Lifelong Skill of a Language

Knowing a second language can open many doors for everyday citizens and working professionals in various industries. Thomas Graff and his business partner, JP Graff, recognized the value of such a skill, so they decided to launch a small business in which they help people learn a new language. The Graffs, who are clients of 1800Accountant, proudly oversee JP Linguistics, LLC in New York City, the heart of American commerce and entrepreneurialism. The small business owners work out of a home office and visit clients at their respective locations, but

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What Can You Do with Your IRS Tax Refund?

As another IRS tax season has come and gone, taxpayers who overpaid Uncle Sam are now receiving their refund checks in the mail or even sooner via direct-deposit into their bank accounts. In recent years, the average refund amount has been over $3,000, and millions of Americans receive some amount of money back. This is certainly no chump change. It can be used in a variety of ways. Here are some ideas on what you could do with your IRS tax refund: – Take a nice summer vacation. With the

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Building School Spirit at a Young Age with a Small Business

Building school spirit and pride is a big part of colleges and universities. T. Nichole Phillips and her sister, LaShanta Taylor, want to start this process for youngsters as early as possible with the small business they recently launched. Phillips and Taylor are business partners at HBCU Pride & Joy, LLC in Fredericksburg, Virginia. The company was formally established in the summer of 2012, and they began offering products for sale in August 2013. HBCU Pride & Joy operates an online baby boutique at www.hbcupridejoy.com. The retailer specializes in selling

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Facebook’s Zuckerberg Takes $1 Salary to Reduce IRS Taxes

Can you imagine earning a paycheck of just $1 each year while living a comfortable lifestyle? Facebook CEO Mark Zuckerberg and head honchos at other giant corporations around the world can. And they are taking just a buck per year for good reason – to help their efforts in reducing taxes. According to publicly released financial records, Zuckerberg claimed just a $1 formal salary in 2013. However, the highly successful social media company he runs did pay for travel – and guests he brought along – plus his personal security

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Do You Need to File for an IRS Tax Extension This Year?

At times, it can be tough to keep up with the fast-moving hands of a clock and the constantly turning pages of a calendar. When it comes to filing your taxes with the IRS, however, it is important to meet your IRS tax-filing deadlines. But the good news is that there are helpful options for those who just can’t get their taxes done on time for certain reasons. How Long is an Extension of Time? The widely known tax-filing deadline of April 15th is not always the most convenient date

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6 Big Small Business Trends for 2014 and Beyond

Thanks to technology and innovative thinking, the turn of the calendar each year brings some new or evolving trends with it when it comes to the small business landscape. For 2014 and beyond, here are some important small business trends of note: 1. Mobile Marketing & Commerce This past holiday season, research showed that there was a big increase in shopping on mobile devices among many of the top American retailers. Even prior to that, mobile commerce has been shown to increase the purchases of small businesses and their big-box

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Using Art to Facilitate a Passion through a Small Business

One day about 18 years ago, Kathleen Zyduck was walking down the streets of London when she spotted a Henna art boutique that piqued her interest. Little did she know she would open up a brand new small business all these years later in which she does body art. Zyduck proudly operates Moonlight Arts, LLC in Hemet, California in the southern part of the state. She launched the startup company in July 2013. Zyduck refers to herself as an independent artist who specializes in doing Henna body art. Henna is

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IRS Business Taxes Are No Joke for Small Business on April Fool’s Day

Has anyone told you today that Congress just voted to get rid of all income taxes? Have you heard that every state just agreed to scrap their sales taxes? If so, let’s hope you put two and two together to realize that today is April Fool’s Day, and it’s hard to believe anything out of the ordinary. However, with all the jokes aside, IRS business tax requirements are seriously no laughing matter. Here’s why: There are more rules for IRS business taxes than for personal taxes: Individuals commonly use Form

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Supreme Court: Employers Must Pay FICA Tax on Severance Pay

For years, employers and employees alike have been on the hook for FICA taxes on severance payments made to those who have been laid off by a company involuntarily. After some cases in lower courts questioned this requirement, the Supreme Court recently reaffirmed the longstanding IRS tax requirements on severance pay. In an 8-0 decision, the high court determined in U.S. v. Quality Stores that lump-sum severance payments are and will remain taxable forms of income. The case was heard by the Supreme Court after the Sixth Circuit Court ruled

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5 Easy Marketing Tips for Small Business

As technology and various marketing methods continue to evolve with each passing day, it can be quite difficult to keep up with what’s new and what works best at a given time to spread the word about a small business. 1800Accountant recommends the following cutting-edge small business marketing strategies: – Blogging You might not be a writer at heart, but having a blog for your business that you update once or twice a week can be a powerful marketing tool. Blogs keep websites current and are great for SEO since

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