As business owners we need to take steps to be sure we are in the right place in life as well as our team members. Check the following and be sure that they do not apply to you or your team members.
It may be better to consider filing by mail and receiving a paper check. There are plenty of check-cashing operations that will gladly cash a tax refund check for a small percentage charge. This check cashing fee is generally slight in comparison to all the money the tax preparation service is going to take from you in preparation fees, filing fees, loan fees, and interest.
Remember, however, that this is a very expensive way to get your income tax refund. First, the accounting will charge you for preparing your income tax return. Then, they will charge you for an electronic filing of your return. Next, they will add fees and interest that will be deducted from your refund before issuing a card with whatever is left to you. That’s a lot of bites out of your income tax refund.
Seems there are some ordinances that restrict advertising signs. The zoning department classifies people who dress up in a costume for a business where the costume identifies with the business as “signs”. An example would be Ronald MacDonald and McDonalds. He’s allowed outside a McDonald’s but if he goes parading up and down the street he could end up in trouble with the zoning police.
Why is this tax being refunded? Several federal courts have held that long-distance tax does not apply to service as it is billed today. You are being refunded that extra tax you’ve paid over the last few years.
The other possibility is just running your business as a sole-proprietor and not incorporating it. If your business is not incorporated then you will need to calculate your income and include it on Schedule C of your income tax return. The income can be excluded on Form 2555 just as income from employment, however it will be subject to self-employment taxes.
If your web site is an adjunct to your store on Main Street, show us a picture. It helps local residents find your store and it demonstrates a solid, stable business to prospects miles from your real-world outlet.
Of course, the above is not legal or accounting advice – it is for informational purposes only. Before making any decisions regarding legal or tax matters, it is vital that you consult a licensed professional lawyer or tax accountant.