Posts Tagged ‘tax advice’

August 2nd, 2012

When the Bank Says No: 6 Alternatives to a Bank Loan

The Tax Club, New York, New York City, Empire State Building, Small Business, Startups, Entrepreneurship, Tax Consulting, Tax Preparation, Tax Advice, Tax Tips, Financial Consulting, Financial Services, Small Business Owner, Loans, Startup Capital, Raising Capital, Bank Loans, Business Credit, Accounts Receivable Financing, Factoring, Angel Investors, Investors, Venture Capital, Venture Capitalists, SBA, Small Business Administration, SBA Backed Loans, Community Banks, Credit Union

As your business grows and experiences success, you will need additional capital to sustain its expansion. Although times are getting better, it still can be extremely difficult for a startup or small business to receive a bank loan. According to BizCredit, 9 out of every 10 loan applications end up getting rejected. If you are part of that 90%, what are you going to do? Don’t lose hope yet! At The Tax Club, we want to see your business grow and succeed! Here are some alternative financing options that your small business might want to explore:

Government Backed Loans: The SBA has been extremely helpful in providing loans to small businesses that have exhausted traditional lending channels. How it works is, the SBA will guarantee a percentage of the loan, which is given by a private lender; the organization will guarantee up to 90% in some cases! Preferred SBA lenders… Read the rest

editor Posted in Uncategorized Tags: , , , , , , , , , , , , , , , , , , , , , , No Comments »
May 8th, 2012

Finding the Perfect Name for Your New Business Venture!

The Tax Club, New York, New York City, Small Business, Tax Advice, Tax Preparation, Financial Services, Startups, Entrepreneur, Brainstorming, Business Planning, Naming Your Business, Branding, Marketing, Image, Brand Image

So you’re starting your own business? You have put countless hours of time and energy into securing your capital, have spent sleepless nights going over the details of your business plan, but we would bet there is one thing that you probably have not given enough thought to; the name of your business! A business name can be a severely underestimated and powerful tool when it comes to your company’s visibility and rise to success. Words can deliver pretty powerful messages; you want your message to be appropriate, enticing, and memorable. Here are some of The Tax Club’s best tips to consider when coming up with a name for your business!

 

Get Your Message Across: The name of your business is the first step in creating your company’s identity and brand image. Your name should give some sort of clue as to what service you provide or what product… Read the rest

editor Posted in Daily Posts Tags: , , , , , , , , , , , , , , , No Comments »
April 11th, 2012

Going Viral: The Tax Club’s Top Tips

The Tax Club, New York, New York City, Small Business, Startups, Entrepreneurship, Tax Preparation, Financial Services, Tax Tips, Tax Advice, Business Planning, Viral Marketing, Social Marketing, Internet Marketing, Marcel The Shell

Viral marketing is one of the newest online marketing crazes; we can’t say we are surprised, given the exposure viral content receives and the speed at which it spreads. But what is the best part about going viral you may ask? The web community does the work for you! If done correctly and efficiently, little to no effort is needed by your marketing team, once the content has taken off. Your viewers will simply share and spread your message for you! Here are The Tax Club’s best tips at getting your content to go viral:

Don’t Be Afraid To Be Ridiculous: In the world of viral marketing, anything goes; as a matter of fact, the weirder the better in many cases! Some of the most successful viral campaigns have included ridiculous tactics and characters, such as, some of our favorites, the Burger King Subservient Chicken and <a href="http://www.youtube.com/results?search_query=marcel+the+shell&oq=marcel+the+shell&aq=f&aqi=g10&aql=&gs_nf=1&gs_l=youtube-psuggest.3..0l10.824.2493.0.2655.16.15.0.2.2.0.198.1622.5j8.13.0."… Read the rest

editor Posted in Daily Posts Tags: , , , , , , , , , , , , , , No Comments »
March 30th, 2012

The Daily Deals Taxation Debate

The Tax Club, TTC, New York, New York City, Tax Preparation, Tax Advice, Financial Services, Tax Code, Tax Law, IRS, Social Media, Daily Deals, Small Business, Startups, Entrepreneur, Groupon, Living Social, Social Media, Marketing, Couponing

How many of you have purchased a Groupon, LivingSocial, or some other sort of daily deal voucher? Did you notice that you did not pay any sales tax on your purchase? Probably not, but don’t get too excited, this does not mean that you get to bypass the taxman. It does poses the questions, on what amount should taxes be paid and at what stage in the process? Should consumers who purchase and use daily deals be required to pay sales tax on the face value of the coupon or the dollar amount that was actually paid for it? Meaning, if a deal is purchased for $50, but is worth $100, which amount should the buyer be taxed on? And should this tax occur at the time of purchase, or redemption?

What seems to be a minor issue can actually have a significant impact on your wallet. According to Vertex,… Read the rest

admin Posted in Uncategorized Tags: , , , , , , , , , , , , , , , , , , No Comments »
March 28th, 2012

Deciding Which Business Structure Is Right for You

Entrepreneurs, Startups, The Tax Club, New York, New York City, Tax Preparation, Financial Services, Tax Advice, Small Business, Incorporation, LLC, S Corporation, C Corporation, IRS, Tax Code, Business Structure, Business Planning

 

Starting a business? One of the first steps you will take towards establishing a solid business plan and foundation will be legally incorporating your business entity. Determining which legal structure is right for you and your startup is crucial, and will play a significant and consistent role throughout the duration of your company’s lifetime, especially when it comes to how your business will be taxed. The three most popular forms for small businesses are C corporations, S corporations, and Limited Liability Companies, more commonly known as LLCs. Every entity type has their advantages as well as disadvantages. It is important that you are knowledgeable on how each type will affect your company structure, as well as your bottom line.  Give us a call today if you would like for one of our accountants to walk you through this process!

 

C Corporations: When a small business incorporates, it automatically… Read the rest

editor Posted in Daily Posts Tags: , , , , , , , , , , , , , , , , No Comments »
December 14th, 2011

New York State Makes Headway on Bridging the Gap Between the Rich and the Poor

“Should the rich be required to pay higher taxes?” A question which has been the center of a much heated debated among legislators nationwide, as an attempt to fix deficits and bridge the growing gap between the rich and the poor has taken center stage. New York State announced a new agreement last week, which will raise almost $2 billion from New York’s millionaires.

Under the plan, backed by Gov. Andrew Cuomo, a millionaire is considered to be those who make more than $2 million in taxable income per year. This new deal seems to be somewhat of a compromise when it comes to settling the debate of the question at hand. Under the Millionaire’s Tax rates for the wealthy were 8.97%. The announced decision will set the tax rate at 8.82%, not as high as the Millionaire’s Tax but substantially higher than the state’s average rate of 6.85%. This… Read the rest

editor Posted in Daily Posts Tags: , , , , , , , , , , , No Comments »
September 2nd, 2011

Meet Corey Eiss: The Tax Club’s Featured Employee of the Month!

The Tax Club, New York, New York City, Small Business, Tax Preparation, Start ups, Entrepreneur, Financial Services, Tax Advice

At The Tax Club, we have pride in our fantastic employees. We appreciate the value of having loyal and dependable team members, which is why we want to share them with you! Each month we will be featuring a blog post on one outstanding Tax Club employee. This month we present Corey Eiss, of Staten Island, New York.

Corey is a Senior Sales Consultant for The Tax Club, and has been with our company for two and half years now. He enjoys his job so much because he has the opportunity to form strong, professional, relationships with our clients. “I like being able to connect with a diverse group of clientele and explain to them the great benefits that The Tax Club has to offer,” he says.

Corey currently lives in New York City. When he is not working, he enjoys trying new restaurants and nightlife spots, “I love experiencing… Read the rest

editor Posted in Daily Posts Tags: , , , , , , , , No Comments »
August 30th, 2011

Back To School Tax Tips from The Tax Club

The Tax Club, New York, New York City, IRS, Tax Tips, Tax Preparation, Tax Advice, Small Business

It’s that time of the year again, back to school! A rather expensive time for most; tuition, school supplies, uniforms, books, are just among some of the many costs associated with returning to the classroom. Whether you are a student paying your own way through college, or a parent paying tuition for a private school, at The Tax Club we want to inform you of certain tax benefits which may be available to you. Just remember, keep those receipts!

 

Private Kindergarten and Upper Grades:

Generally, the cost of private schooling is not deductible, however, for private kindergarten and some upper grades for students up to the age of 13, there are some exceptions.  If you can separate the education costs of the program from the child care components, you may be able to qualify for deductions. The younger your children are, the easier this is.

 

Before or After… Read the rest

editor Posted in Daily Posts Tags: , , , , , , , No Comments »
August 18th, 2011

What We Can Learn from History’s Mistakes

The Tax Club, New York, New York City, Politics, Tax News, Tax Preparation, Small Business, Tax Tips, Tax Advice, Tax Opinion

Taxes seem to be the talk of the town these days. Obviously, at the end of the day, every tax payer would like to be able to pay less of their hard earned revenue to the IRS. Everyone except Warren Buffett that is. Lately, Buffett has been urging politicians to stop “coddling the super-rich” and to raise their taxes. Yes, you heard correctly, he actually wants to pay higher taxes. Since its beginnings, Obama’s tax plan has called for exactly this, but an “I will raise taxes” campaign has never been one to settle easily.

Then there are those on the opposite side of the fence, who believe in lowering taxes. Their argument seems to be that reducing the financial responsibilities of Americans will leave them with more discretionary income and therefore stimulate the economy. Though lowering taxes is definitely an easier sell, whether it is everyone whose taxes get… Read the rest

editor Posted in Daily Posts Tags: , , , , , , , , , No Comments »
August 10th, 2011

Staying On the Path to Small Business Success: Ten Tips From The Tax Club

The Tax Club, New York, New York City, Small Business, Tax Preparation, Financial Services, Tax Advice

“Learn from the mistakes of others. You can’t live long enough to make them all yourself,” so goes the wise saying from the late Eleanor Roosevelt. Well, good thing for all you readers out there that our country’s current fiscal crisis has provided us with a plethora of mistakes which we can all have the privilege of learning from.  Times are tough, and we want to help you stay on the correct path to financial success. The Tax Club wants to offer you some tips on avoiding some of the most common mistakes made by small businesses.

Hike Up Those Prices!

Small businesses have a tendency to keep their prices too low. Higher prices protect your margins, as well as enhance the image of your brand. In depth research should go into deciding how you will price your offerings. It is better to start higher and be able to… Read the rest

editor Posted in Daily Posts Tags: , , , , , , No Comments »
« Older Entries
RSS FeedSubscribe to Our RSS feed!
Follow Us on Twitter!Follow Us on Twitter!

  • Feedback