Count on it Tuesday: IRS Red Flags
Count on it Tuesday features IRS Red Flags. The IRS takes a close look to excessive business tax deductions so be careful on taking liberties at tax time.
Count on it Tuesday features IRS Red Flags. The IRS takes a close look to excessive business tax deductions so be careful on taking liberties at tax time.
Small businesses rely on cash flow to pay day-to-day expenses like wages, benefits, & utilities. 50% of small businesses regularly face cash-flow problems.
The Internal Revenue Service has gotten much leaner lately. The Center on Budget and Policy Priorities estimates that funding for enforcement is 20% below where it was in 2010. But if you think hard times at the IRS mean easy times…
Big deductions for meals, travel and entertainment are always ripe for audit, whether taken on Schedule C by business owners or on Schedule A by employees. Agents are on the lookout for personal meals or claims that don’t satisfy the…
Every entrepreneur should get educated about the costs that go into running a business. Hidden costs of running a business can quickly run you into the red.
Taxes are time consuming and costly. Nearly a quarter of small business owners spend over 120 hours each year dealing with their federal taxes.
Payroll is the Pandora’s Box of small business ownership. Here are the top five reasons many small business owners find benefits in outsourcing payroll and keeping that Pandora’s Box shut.
Individual audit rate is only about one in 119, the odds increase dramatically as your income goes up. Find out how your odds change with the more you make.