Business Tax Audits
For business owners, receiving an audit notice from the IRS can be stressful and confusing. Understanding the audit process and how to handle it can help ease some of the
December 9, 2024
For business owners, receiving an audit notice from the IRS can be stressful and confusing. Understanding the audit process and how to handle it can help ease some of the
The Social Security Administration (SSA) has announced a significant change for 2025: the maximum earnings subject to Social Security (OASDI) tax will rise from $168,600 to $176,100, an increase of
Explore the qualifying factors for innocent spouse relief to see if you meet the criteria. Contact us at 866-861-4443 for more information.
As a tax pro, you know your clients are always looking for ways to save more money. While financial advisors often focus on growing wealth, they don’t always consider the
For decades, business owners have utilized Section 1031 of the Internal Revenue Code to defer taxes on the exchange of property used in their trade, business, or held for investment.
As we gear up for the 2024 Presidential election, tax policies proposed by the candidates are front and center. Business owners are especially interested, as these policies could directly impact
In a recent case that serves as a reminder to business owners about the severe consequences of tax evasion, a Guilford, Connecticut business owner was sentenced to prison for failing
Selecting the right business structure is a crucial decision for any entrepreneur or small business owner. Your choice not only affects your liability but also has significant tax implications. Whether
Running a business can be both exciting and challenging, but one wrong move can lead to financial disaster. As a business owner, having a solid management plan and strong internal
Understand the severe consequences of neglecting a federal IRS tax lien and how to address it. For help call 866-861-4443.
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