Articles related to the IRS, income and payroll tax collection, etc.
You should always file on time; but if you know you can’t, take these steps immediately. Every year, business owners and individuals find themselves up against the April 15th deadline with incomplete books, missing documents, or unanswered questions. The worst thing you can do in this situation is ignore it. Filing late is not ideal; [...]
If you’ve ever felt boxed in by a tax decision you made too quickly, you’re not alone. One of the more overlooked advantages in the tax code is that the IRS does allow flexibility on certain tax deduction elections; but only if you know where to look and act within the allowed timeframe. As a [...]
Tsheets makes tracking time and compliance easier. Many business owners assume audits only happen to large companies. In reality, time and payroll audits frequently target small and mid-sized businesses, especially those with hourly employees. When an audit occurs, time records are one of the first items requested. What Auditors Expect to See Auditors typically look [...]
As a business owner, getting those W2s and 1099s completed and mailed is a huge relief. But what happens when an employee or vendor spots a discrepancy? What are the time constraints for correction? QB-LA is here to answer those questions. How Long Do I Have to File 1099 and W-2 Corrections in California? Filing [...]
What You Can Deduct, What You Might Be Missing, and What Raises Red Flags Running a business means making constant decisions about spending money. What many business owners do not realize is that how those expenses are tracked and categorized often matters more than the expense itself. As we head into the 2025 tax filing [...]
For 2025, the Disabled Access Credit remains one of the most overlooked incentives available to small businesses in the United States. This credit helps business owners offset the cost of improving accessibility for customers and employees with disabilities. If you are planning upgrades to your facilities, equipment, or digital properties, understanding how this credit works [...]
The Omnibus Budget Reconciliation Bill for 2025 and Beyond, often referred to as the One Big Beautiful Bill Act (OBBBA), brings with it several tax changes that could directly impact retirees and older taxpayers. While the legislation covers a broad range of provisions, several key updates are designed specifically to support seniors, helping them retain [...]
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 [...]
Practices and habits that may trigger an IRS audit and how your small business can avoid those triggers.
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 [...]
