Changing your accounting method requires approval from the IRS.The United States Internal Revenue Service (IRS) allows businesses to use either the accrual accounting method or the cash accounting method, or a combination of both accounting systems, to track and report financial data for a business.However, whatever method you inform the IRS that you have chosen during the first year of your business you must continue to use during subsequent tax reporting years ... If you wish to change
Tax Form 1040 Filing DatesIf your business follows a fiscal tax accounting year, the due dates for filing Form 1040 differ from those businesses who use a calendar tax accounting year.Businesses (most typically sole proprietorships) that use a fiscal accounting year must file Form 1040 on the 15th day of the fourth month after the end of your fiscal tax year ... For example, if your fiscal tax year ends on October 31st, your Form 1040 would be due February 15th the following year (or, four
Estimated Tax Payment Due Dates - 2010 Estimated Tax Payment (ETP) Due Dates For Fiscal Year 2010 ... ETPs are due on the 15th day of the 4th, 6th, and 9th months of your tax year and on the 15th day of the first month after the end of your fiscal tax year ... For example, if your fiscal tax year ends October 31st, your estimated tax payments would be due on February 15th, April 15th, July 15th, November 15th after the October 31st on which your fiscal year ended ... Related Articles: ... What
The U.S. Federal Government Operates on a Fiscal Year Ending October 31st ... A fiscal year is a 12-month period over which a company budgets its spending and reports income. A "Fiscal Year" is always referred to by the date on which the accounting period ends - not when it begins ... A fiscal year can begin on any month but always ends on the twelfth month ... Related Articles ... Example and Definition of a Fiscal Year ... Form 1040 Filing Deadlines for Fiscal Years 2009-2010 ... Estimated
Last fall, I did a review on Pixlr.com, a free, online digital image editor ... The software had some nice features - especially for free, so my biggest complaint was the lack of useful help tutorials ... In fact, the reason I only rated Pixlr a 3/5 stars was because of their awful help features ... Haldor Lønningdal, editor and producer at IKT Forlaget saw my review and wrote to tell me about their free, online video tutorials so you can learn how to use Pixlr ... If you are new to image
On December 24, 2009, the Senate in a vote of 60-39 approved The Patient Protection and Affordable Care Act (PPACA.) ... The bill includes an excise tax on "Cadillac" health insurance plans and something that appeals to me - a limit on executive compensation of executives for health insurance providers ... The $398.1 billion revenue package also includes a payroll tax increase for high-income ... individuals ... So who will pay for this reform? ... The PPACA includes an estimated $10 billion a
Gina L. Colón, founder and owner of Gina's Spanish Studio ... Gina L. Colón ... Gina's Spanish Studio is a sole proprietorship founded and owned by Gina L. Colón. As a resident of Southern California, and with its growing Hispanic population, she discovered a niche among schools students and business professionals who are eager to not only learn the Spanish language but also about the Hispanic culture ... Ms. Colón was born and raised in Nicaragua, and later attended school in
2009 was hard on many families and businesses when the economy took an unexpected downturn few people saw coming and were ill-prepared for. But it is not too late to plan for a better year in 2010 ... To help you plan ahead for the ups and downs, here are some great articles to get you started on your way to a more prosperous new year: ... Year-End Checklist - Get Your Business Read for 2010 ... Assess Your Business Now for Growth and Stability ... A 12-Month Strategic Plan in 1 Hour ... The
A savvy business woman from India was the first business woman to advantage of my "Share Your Business Story" feature ... Read about L Green Ventures, a company that sells goggles that allows for safe viewing of solar eclipses. Not only is her idea clever, but timely - there is a rare Annular Solar Eclipse on January 15, 2010. Miss this one and you will have to wait another twenty five years for the next one ... If you want to share your own story, complete Women in Business' online
Inter-American Development Bank Business Plan Competition ... Theme :Â Business plans should include Caribbean tourism projects involving low-income communities in their value chains ... The contest is open to companies based in The Bahamas, Barbados, Guyana, Haiti, Jamaica, Suriname and Trinidad and Tobago ... Prize :Â Winning proposals will receive up to US $25,000 in consulting services from internationally recognized firms specialized in tourism development, with the goal of preparing