During review of returns filed with the Department, several problems tend to come up on a regular basis. By avoiding these pitfalls, processing of returns will be smoother and less likely to trigger an inquiry to the taxpayer. Register: Make sure the taxpayer is registered and has an Iowa permit before...
Can I write this off? Yes, it’s that time of year kids, when we are all trying to track down receipts and figure out how to justify our South By Southwest tickets as “entertaining clients”. So with Uncle Sam watching over our collective shoulders, who better to look to than...
By: Joe DeCoursey | Jan 30, 2014 It is that time of year. The time when thoughts turn to...taxes. There are many great sources of information available online. The IRS, SBA and SCORE all have great websites full of useful information. Below are some of the top resources for getting ready...
Maximizing Your Year-End Tax Savings The final weeks of each year can be the busiest of all if you’re a small business owner. As you’re closing out the books for 2013, remember that the last weeks of December are prime time to get your taxes in order. Here are five important...
Many taxpayers may not be aware of the Iowa consumer’s use tax. It is a tax on the use of taxable goods or services in Iowa, when sales tax was not paid at the time of purchase. This often occurs when purchases are made from an out-of-state seller. Situations when consumer’s...
The Department receives many questions about how to handle Iowa sales tax related to agriculture. A common misconception is that all goods and services purchased by a farmer are exempt from tax. That is not the case. Whether a purchase is exempt from sales tax depends on what is purchased and...
One of the most common questions received by the Department is how to handle Iowa sales tax related to construction. Construction businesses can fall into four general categories: Contractor Contractor-Retailer Repair Company Manufacturer-Contractor How and when sales tax applies to both purchases and sales made by these businesses, depends on the type...
A home-based business can be a great way to support a hobby, earn a living or launch the next Apple or Martha Stewart empire. Not every business needs an office in an office building. There are a variety of businesses that can be started and ran at home. Eleven businesses...
Iowa sales tax applies to a number of services. Lawn care and landscaping are two of those taxable services. Businesses performing such services need to be aware of their requirement to charge the appropriate sales tax to their customers. Taxable lawn care services include: mowing trimming watering fertilizing seeding sodding Taxable landscaping...
These timely tax tips come from Melody J. Green, stakeholder liaison with the IRS office in St. Louis. When you’re looking for tax information, you want to find it as quickly and easily as possible. And a great place to start is the IRS Homepage. 1. Get 24/7 Access. Whether you...
