IRS Gives Additional Time to Taxpayers and Prepares

IRS Gives Additional Time to Taxpayers and Preparers Affected by Hurricane Sandy; File and Pay by Nov. 7

WASHINGTON — The Internal Revenue Service today announced it is granting taxpayers and tax preparers affected by Hurricane Sandy until Nov. 7 to file returns and accompanying payments normally due today. 
The relief applies to taxpayers and tax preparers in an area affected by Hurricane Sandy or otherwise impacted by the storm that hit the Mid-Atlantic and Northeastern United States this week.
This relief primarily applies to businesses whose payroll and excise tax returns and payments are normally due today. No action is required by the taxpayer; this relief is automatic. Regular federal tax deposits are due according to current rules. However, the IRS notes that if taxpayers or tax practitioners receive a penalty notice for this period, they can contact the IRS at the number on the notice to request penalty abatement due to reasonable cause on account of the storm.
IRS expects to grant additional filing and payment relief as qualifying disaster declarations are issued by the Federal Emergency Management Agency (FEMA). Details will be posted on the Tax Relief in Disaster Situations page on IRS.gov.

Business Credit Foundation

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Business Credit Success

Building business credit is a process. Entrepreneurs and small business owners need to understand the importance of having a solid business credit file. A strong business credit profile can get your business approved for unsecured lines of credit which can be used to for business operation like meeting payroll, to purchase equipment and for expansion. But before you can apply for business lines of credit you must have a solid foundation to start with.

1. Doing business with the right vendors. Make sure that your trade payments from vendors are being reported to the business credit bureaus. Dun and Bradstreet, Experian Business and Equifax Business. Making on time payment recurring payments will give your company a solid business credit rating. 80 paydex

2. Business bank account. You must have a business bank account. A Savings and checking account are a essential to building a solid business credit foundation. Banks want to see consistent activities flowing from your bank accounts. This kind of activity shows that the business is active and making money.

3. Public filings and up to dated business financial statements are very important. These documents help to get a clear rating with Dun and Bradstreet which increases your chances of getting approved for business lines of credit. I cannot over emphasize this enough. This is a critical step in the process of building business credit. The very few who understand this step are successful.

4. Filing your back taxes. Back tax filing shows age and credit bureaus are able very your business a 3rd party source. This process helps to legitimize your business standing. Many Sole Proprietors who have been in business for years never file taxes. You can always go back and file those taxes which also help with building business credit.

Completing these steps will help set the right foundation for your business success. In order for you to have any success with building business credit these steps must be completed first before you business can qualify for unsecured lines of credit. The steps are simple but the process requires patients and persistence.

Sincerly,
alplouis@gmail.com
http://www.twitter.com/alplouisea
http://www.businesscreditamerica.com

Sole Propreitors & Business Structure

Many self employed individuals believe that operating a business as sole proprietor is good for business. What they don't realize is that by operating a business as a sole proprietor they are liable for any and everything that the business is in debt for or if sued they are held personally liable as well. Having the right business structure is vital to any small business foundation for success. I would bet you to  name one Fortune 500 company that operates as a sole proprietor. I guarantee you that you could not find one. That's because it doesn't make sense to do so. Business liability are for for the business not for the individual owner or operator of the business. There are many advantages of registering your business to operate under the right business formation or entity.

One advantage is having protecting from creditors who want to sue the business for what ever reason. By having a corporate structure you can shield yourself from any lawsuits. A limited liability company or LLC is a entity that successful small business like to use for liability protection. Depending on state law, the LLC will shield the managing member (s) from being personally liable from creditors.

Second advantage is being structured to operate as an c-corporation. A C corporation is regarded as a separate entity from it's owner. This is important because as a C-Corp for tax purposes you are allowed special tax deductions for tax purposes. You also have the limited liability protection under the c corp as well. Lots of tax savings and the ability to raise capital is enormous.

Finally, Building a solid business foundation also involves having a solid business credit profile. Seeking capital from a lender or investors will require you to be incorporated and registered under the right entity. Registering your business for asset protection purposes is smart for business. As stated previously you want to separate your personal assets from your business assets. Having the right business structure is beneficial for tax purposes too. This allows you to save on taxes which keeps most of your profits to re invest back into the business. Seek professional assistance to get set up with the right business structure for your business to succeed.

Al,
Al is a Enrolled Agent licensed to represent Taxpayers before all administrative levels of the IRS. Al is also a Business credit consultant helping Entrepreneurs and small business owners start and build business credit for their businesses. If you want to get more information about small business credit, asset protection and corporate taxes, you can contact Al at alplouis@gmail.com or follow him on twitter.com/alplouisea

http://www.businesscreditamerica.com/

1-888-821-6408 ext 2

Business Start Up

Business Credit Success

Building Business Credit

There are no short cuts to building a solid business credit file.  Having a solid business credit profile is vital to any Entrepreneur or Small Business owner’s success. Business credit is the life line of small businesses. At Business Credit America, Inc. we help Entrepreneurs incorporate their business, register their business and also assist them with getting their businesses approved for business lines of credit. We have the experts and consultants in place to help you achieve the success you desire to build a solid small business foundation.

Visit Business Credit America today to get started on your journey to building a successful business. Or you can call our office at 1-888-821-6408 ext 2.

We also have a free business credit forum to help entrepreneurs and small business owners learn the basics and advanced techniques about build business credit. We have a life time membership currently being offered at a discount. Click this link to purchase http://www.tradebit.com/filedetail.php/126427810

Business Start Up Services

Business Start Up Services

Make Money Business Credit

Business Credit Money

Who needs Business Credit?

If you are a small business owner, or a self employed entrepreneur starting a new business then you need business credit. Business credit is the life line of small businesses. Business lines of credit can be used to pay employees, start a new business, capital expenditures, and commercial real estate. Most business owner don't realize the importance of having lines of credit for business expenses. Business lines of credit provides funds for emergencies and expansion. But before you can get approved for business credit your business credit profile needs to be solid. Having the the right set up from the start will get your business funding in no time. There are a number of steps that need to be taken early on in the process of building business credit in order for your business to get approved for the line of credit that you need.   

1. Business registration with state and federal governments.
2. Business incorporation kit with minutes and stocks certificates filled out properly.
3. Corporate tax returns filed
4. Preparation of projected financials
5. Business to Business public filings
6. Website presence for online visibility through all major search engines. 
7. Business credit bureau registrations
8. A Business Plan providing a plan for your business.

These are some of the main steps that need to be taken ahead of time before your company can even qualify for large lines of credit from banks. As we head into election season the lending guidelines will tighten up until after the elections in January 2013. Why not start preparing your business to be lend able by taken the steps listed above.

Business Credit America is the #1 source for business credit services online. We have expert business credit consultant to assist you with your business credit needs. Visit us today for a list of services offered, products and to join our FREE business credit forums.

We are the source for business credit education. Don't hesitate. Act now and get your business on track to getting approved for thousands of dollars in business lines of credit.

Al,
alplouis@gmail.com
www.twitter.com/alplouisea
1-888-821-6408 ext 2
www.businesscreditamerica.com

Start up Businesses

Do you have a low cost creative business idea? What's holding you back form starting the business? Don't let the lack of start up funding hold you back. At Business Credit America we offer a wide range of business services to assist entrepreneurs. 

Services. 

• INCORPORATION OF THE BUSINESS (LLC OR C-CORPORATION
• EIN NUMBER (TAX ID)(CUSTOMER MUST GET THE EIN#)
• DUN AND BRADSTREET NUMBER(CUSTOMER MUST GET THE DUNS#)
• Corporate Kit with Stock Certificates
• PROJECTED FINANCIALS
• GOVERNMENT REGISTRATION- ORCA, CCR, SBA, AND MBA
• CORPORATE REGISTRATION- INDEXING, BACK LINKING, CATALOGING IN 60 PLUS DIRECTORIES
• STATIC WEB PAGE- HOME PAGE, ABOUT PAGE, CONTACT PAGE
• CORPORATE INCOME TAX FILING. FEDERAL & STATE 
• UCC-1 PUBLIC FILING
• PERSONAL CREDIT CONSULTATION
• CUSTOM BUSINESS LOGO

With our services you will have a solid business credit profile to obtain thousands of dollars in business credit funding. You can get up to $50k  in start up funding in 90 days or less. Guaranteed funding. Give us a call at 1-888-821-6408 ext 2. or visit us at  http://www.businesscreditamerica.com/index.html

Al,

alplouis@gmail.com

www.twitter.com/alplouisea

 

Why Incorporate your Business?

There are many reasons why you should incorporate your business. Many self employed workers or sole proprietors are working for themselves and have no protection against liability or high income tax rates. These are the two main reasons why I recommend that a business owner get incorporated.

Liability.

Registering your company with the state you chose to do business in is important. By being incorporated under the right entity,  this protects you the small business owner from personally being liable for the company's liabilities should someone try to sue the company. Local, state and federal courts are filled with law suits against businesses. Incorporating your business also provides for asset protection. You can purchase vehicles, real estate and other assets for example under the company and not be personally liable due to some unforeseen circumstances.

Income Tax

Today the top marginal tax rate is 35% for individuals. As a self employed individual or a sol proprietor you would be subject to paying this high tax rate on all income earned from your business operations. By incorporating your business under the right entity you can save hundreds if not thousands of dollars in taxes. As a business owner filing a corporate tax return, there are so many tax loop holes like deductions and credits that you qualify for which would decrease your tax liability considerably. The Internal Revenue Code is littered with tax deductions for businesses. And did you know that most business owners who operate under a small business entity pay less in taxes than a regular individual taxpayer? That's because they understand the power of asset protection and taxation.

There are many other reasons to incorporate your business but I have discussed a couple that I feel is the most important. 

We at Business Credit America pride ourselves in helping small business owners set up their businesses the right way. We have services to assist you in from incorporation to online registration. Visit  us today to begin your journey to having full protection under a corporate armor (business incorporation).  

Call to speak with one of our business credit specialist. 1-888-821-6408 ext 2 or visit us at http://www.businesscreditamerica.com/  to get a listing of products and services.

Al,
Business Credit Consultant
alplouis@gmail.com
twitter.com/alplouisea