Tag Archives: IRS

Factoring News – January 2012

TAXES 2012: Things all SMEs Need to Know To make eligible contributions to an individual retirement account, or an employer-sponsored retirement plan, you may be eligible for a tax credit — but this will all depend on your income and age. There are basically six things the IRS wants you to know as follows: Limits to income – The Savers Credit, formally known as the Retirement Savings Contributions Credit, applies to individuals with a filing status and 2011 income of: Single, married filing separately, or … Continue reading

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2012 Bookeeping Strategies Include Factoring

A bookkeeping system is are the backbone of a small business, so set the groundwork by having an accounting system in place in 2012. If you are a small to medium-sized business (SME) entrepreneur, then bookkeeping probably isn’t your strength. But, it is a necessary component of running a successful business. This means you will need to learn some basic tips for the financial aspects of running your business – from accounting software to factoring. Your bookeeping system will help keep you out of trouble with the IRS.
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