Navigating IRS Audits: Understanding Your Options and the Importance of Expert Guidance

Internal Revenue Service, Taxes

Navigating IRS Audits: Understanding Your Options and the Importance of Expert Guidance

Receiving an IRS audit notice can be overwhelming, but knowing the different types of audits and their processes can help you manage the situation effectively. However, handling an audit is not something that you should face alone—having professional support can greatly improve the outcome and reduce stress on business owners. Below, we outline the three [...]

By joexwp|April 8th, 2025|Categories: Internal Revenue Service, Taxes|Tags: 2024 tax year audit, audit, I.R.S. audits, IRS, IRS audits, preparing for an IRS audit|0 Comments

Five Ways to Avoid an IRS Audit as a Small Business

Internal Revenue Service, Quickbooks, Taxes

Five Ways to Avoid an IRS Audit as a Small Business

Practices and habits that may trigger an IRS audit and how your small business can avoid those triggers.

By joexwp|April 30th, 2024|Categories: Internal Revenue Service, Quickbooks, Taxes|Tags: audit, ftb, IRS, QB ProAdvisor, qbo, Quickbooks, small business|0 Comments

S. S. Payroll Tax Deferral Program – Help or Headache?

The latest payroll tax deferral program was recently rushed into existence as part of the U.S. government’s response to the Coronavirus and continues to evolve – and much remains unclear. Major questions remain which most employers must unfortunately deal with as they remain in the middle, between both the IRS and employees. For example, it [...]

By joexwp|September 19th, 2020|Categories: Financial Success, Internal Revenue Service, Quickbooks Payroll, Taxes|Tags: deferred taxes, Payroll, Payroll taxes, tax deferral program, Taxes|0 Comments

Preparing QB Desktop files for import into QB Online

As more and more firms make the move from PC and server-based QB Desktop (“QBD”) to cloud-based QuickBooks Online (“QBO”) file size can be a concern, especially for QuickBooks Desktop files containing many years of transactions. However this conversion is a good time to purge your system of old and useless entries (vendors and customers [...]

By joexwp|July 19th, 2020|Categories: Financial Success, Internal Revenue Service, Quickbooks|Tags: Quickbooks import, Quickbooks online, Quickbooks tips|0 Comments

Help Applying for CARES

The SBA CARES Act On March 27, Congress passed and President Trump signed into law the CARES Act (the Coronavirus Aid, Relief, and Economic Security Act) — a significant piece of legislation that provides approximately $2 trillion of economic assistance in various forms to both consumers and businesses. As a part of CARES, the Small [...]

By joexwp|April 1st, 2020|Categories: CARES Act, Financial Success, Internal Revenue Service|Tags: apply for the CARES Act, C.A.R.E.S., CARES Act|0 Comments

Los Angeles City Small Business Emergency Microloan Program

IRS FTB UPDATE: COVID-19: IRS and CAL FTB Tax file and pay deadlines extended to July 15, 2020. COVID-19 has hammered our southern California economy, as a large portion of businesses – and workers – are now in hibernation. No one really knows when we can all just get back to what we were doing [...]

By joexwp|March 20th, 2020|Categories: Financial Success, Internal Revenue Service, Loan Programs|Tags: loans, Los Angeles City Small Business Emergency Microloan Program|0 Comments

Payroll Tax Problems and the IRS

Small business owners have so many business tax responsibilities – income taxes (federal and state of course) sales taxes (now hugely more complicated than even a year ago), excise taxes, city and county taxes, franchise taxes, many special taxes, and of course payroll taxes. This is where part of employee pay is withheld and reported [...]

By joexwp|December 31st, 2019|Categories: Financial Success, Internal Revenue Service, Quickbooks, Quickbooks Payroll, Taxes|Tags: business tax problems, IRS, Payroll and the IRS|0 Comments

Online Marketplace Facilitators and Sales Taxes

The sales tax environment continues to evolve, mostly to the detriment on small business online sellers. Sales taxes are growing increasingly complex and impose great burdens on just about any business that must comply. The situation is indeed untenable, and a simpler solution is needed. But in the meantime, here is a discussion on the [...]

By joexwp|December 1st, 2019|Categories: Financial Success, Internal Revenue Service, Quickbooks, Sales Tax, Taxes|Tags: E-commerce sales tax, Online Marketplace Facilitators and Sales Taxes, sales tax compliance|0 Comments

Sales tax relief: the QB Automated Sales Tax Center

The Supreme Court decision in June 2018 on South Dakota v. Wayfair is changing the business landscape all over the U.S., and while there are many winners and losers, small businesses definitely don’t fall into the winner’s column as they are now responsible for complying with a multitude of new sales and use tax concerns, [...]

By joexwp|June 29th, 2019|Categories: E-commerce, Financial Success, Internal Revenue Service, Quickbooks, Sales Tax|Tags: automated taxes, E-commerce sales tax, sales tax, sales tax relief|0 Comments

Collecting on Invoices in Small Claims Court

Sometimes you will run your normal QuickBooks accounts receivable (AR) reports, see amounts that are drifting further and further into the right Unpaid columns, and realize that the erstwhile customer is just not going to pay – voluntarily. In this case small claims court may be a great alternative. What is Small Claims Court? Small [...]

By joexwp|February 28th, 2019|Categories: Financial Success, Internal Revenue Service, Invoice Collections, Quickbooks|Tags: invoice collections, QuickBooks Enterprise AR, small claims court for unpaid invoices|0 Comments