Tax Audits Red Flags

We all know that with any business, taxes are inevitable, and the worst case scenario for any business owner would probably involve a tax audit from the IRS. That’s why one of the most important things you can do for the financial well-being of your business is to pay your taxes on time – and…

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As part of its overall response to COVID-19, the IRS put certain measures into place which provided some tax relief, such as extensions and tax credits for small to mid-sized businesses. However, the due dates for corporate, sales and payroll taxes have some business owners confused. If you are one them, following are some things…

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“When I incorporated my business, I received a letter listing the tax responsibility for the new corporation.” Did any small business owner ever say this? Absolutely not! In the past twelve years not one of my clients has ever received a “Welcome to the World of Tax” letter – from any taxing agency! When you…

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