Taxes

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

Five Ways to Avoid an IRS Audit as a Small Business
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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.

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 [...]

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 [...]

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 [...]