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SMALL BUSINESS

The Most Important Skills To Attain To Be A Successful Entrepreneur

By The BIDaWIZ Team on February 7th, 2013 at 6:12 pm

Discussions we've had with other entrepreneurs have all suggested that there are certain skills that are vital to be a successful entrepreneur. .
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SMALL BUSINESS

How Does a Business Owner Remain Upbeat During a Downturn?

By The BIDaWIZ Team on February 7th, 2013 at 10:00 am

We can certainly relate to this question having started our company from scratch nearly four years ago. There are a few things that we can prescribe to your situation that has helped us get through slowdowns as every business experiences it. Read More.

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TAX PREPARATION

What If I Haven’t Received My W-2 Form Yet Or It’s Incorrect?

By The BIDaWIZ Team on February 1st, 2013 at 5:45 pm

Now that we're in February, the deadline for employers to send W-2 and 1099 forms to their workers has passed. Of course, they can and should still send them as it is a requirement for tax reporting. What should you do if you haven't received your W-2 form or it's incorrect? .
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TAX REPORTING

How Businesses Can Save By Helping Their Accountant

By The BIDaWIZ Team on January 31st, 2013 at 11:00 pm

Many small businesses don't address this with their accountant as we have first-hand knowledge of the consequences for not having a conversation with your accountant before, during and after the tax preparation process. .
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TAX SAVINGS

The Home Energy Tax Credits For 2013

By The BIDaWIZ Team on January 30th, 2013 at 6:00 pm

The home energy tax credits that expired at the end of 2011 were retroactively applied to 2012 and 2013. Those that made home improvements during 2013, should go through their receipts to see if they're eligible for the $500 tax credit. .
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TAX PLANNING

How Can You Contribute To A Roth IRA With a High Income?

By The BIDaWIZ Team on January 25th, 2013 at 5:00 pm

Most people know that Roth IRAs are attractive for the tax-free appreciation on the principal. Unfortunately, the tax laws for contributing to a Roth IRA are restrictive for high income earners. However, there are a few ways to get around the income limits set forth by the IRS. .
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FINANCIAL ADVICE

Should I Start A Business If I Have No Industry Experience?

By The BIDaWIZ Team on January 25th, 2013 at 3:00 pm

The success of a business rarely has to do with the novelty of a new idea. Rather, it more has to do with whether or not management is able to execute on their strategy and goals. Luck and "the big idea" are factors, but its not nearly as important as execution. .
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TAX PREPARATION

How Much Are You Paying Your Accountant?

By The BIDaWIZ Team on January 25th, 2013 at 11:00 am

Millions of personal and business tax returns will be filed within the next three months. Some filers will opt to use online tax software, while others will seek the professional assistance of a CPA or Enrolled Agent. If you decide to use a tax professional, how much should you expect to pay in fees? A new survey provides some key pricing figures that we should all review. Read More.

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TAX PLANNING

Why Is My 2012 Tax Refund Less Than It Was For 2011?

By The BIDaWIZ Team on January 24th, 2013 at 4:00 pm

Many taxpayers are now starting to file their tax returns as the January 30th IRS processing date is upon us. If you are using a CPA or Enrolled Agent to prepare your return or an online tax software program, you’ll know very soon if you will be receiving a federal and state tax refund, if applicable. If you will be receiving a lower refund as compared to last year, there’s no doubt that you’re going to be asking some questions. What are some of the reasons why your tax refund may be lower this year? Read More.

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TAX REPORTING

A Simpler Option For Calculating The Home Office Deduction

By The BIDaWIZ Team on January 18th, 2013 at 11:00 am

If you work from home for business, the IRS has potentially provided you with some relief in the form of less paperwork required to claim the home office deduction. You may soon be able to claim the home office deduction based on a simple calculation. .
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