Form 1099 MISC – Give out or Receive?

Do you have to GIVE OUT a Form 1099 MISC? File Form 1099-MISC, Miscellaneous Income, for each person to whom you have paid during the year at least $600 in rents, services (including parts and materials), prizes and awards, other income payments, medical and health care payments, crop insurance proceeds, cash payments or, generally, the …

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Guest Writer: Murphy Insurance Agency on Cohabitation

The term cohabitation most commonly refers to unmarried couples living together, but it also applies to roommates and other living situations. If you choose to cohabitate, take care to obtain the right coverage for your situation. The general overview below highlights key concerns; however, it doesn’t address every circumstance. Talk with our Associates about your …

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Carol Sanchez Receives ATHENA Leadership Award®

On Thursday, November 14th, the MetroWest Chamber of Commerce will honor Carol Sanchez, the 2013 recipient of the coveted ATHENA Leadership Award®. The award is presented to a woman-or man-who is honored for professional excellence, community service and for actively assisting women in their attainment of professional excellence and leadership skills. Ms. Sanchez founded the first 100% Latina CPA …

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ALPFA: Building Latino Business Leaders

Carol Sanchez will be a panelist at the ALPFA event on November 18 at the Hogan Campus Center at Holy Cross. Association of Latino Professionals in Finance and Accounting (ALPFA) strives to maintain its position as the premier business organization expanding opportunities for Latino Leadership in the global market. In addition to Carol, other featured …

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Micro Loans to Small Businesses in the Greater Boston Area

The Bentley Microfinance Group is providing Micro Loans (Under $10,000) to Small Businesses in the Greater Boston Area.  To Learn More, please visit their website, see below.  Their Mission is as follows: “The Bentley Microfinance Group is a principally student run organization that falls under Bentley’s 501(c)3 non-profit classification. Charged with managing its loan fund, …

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When can Business Meals be a Tax Deduction

Did you know that Business MEALS can be 0% or 50% or 100% tax deductible? First, MEALS can be deducted as a business expense only if they are directly related to the business. There must be valid business purpose to the meal for it to be a deductible expense. Also, if a meal is considered …

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NEW Information about your Business Reported to the IRS

In 2011, the IRS is receiving additional information about your Business that they did not receive before. First, all third party payers are required to report to the IRS how much money they paid to your business. A third party is for example a debit or credit firm such as PayPal. This allows the IRS …

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IRS Reminds Parents of Ten Tax Benefits

Your kids can be helpful at tax time. That doesn’t mean they’ll sort your tax receipts or refill your coffee, but those charming children may help you qualify for some valuable tax benefits. Here are 10 things the IRS wants parents to consider when filing their taxes this year. Dependents – In most cases, a …

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