Avoiding Penalties
Learn effective strategies to avoid trust fund recovery penalties as a business owner. Contact us at 866-861-4443 for guidance.
December 29, 2024
Skip to content Learn effective strategies to avoid trust fund recovery penalties as a business owner. Contact us at 866-861-4443 for guidance.
Running a business is challenging enough without the added risk of getting entangled in fraudulent tax schemes. Unfortunately, some professionals misuse their expertise, leading to devastating consequences for themselves and
For business owners, navigating the complexities of capital losses can offer significant opportunities to reduce tax liabilities. Understanding how to strategically manage and utilize these losses can directly impact your
Each year, the IRS adjusts various tax provisions to account for inflation, impacting standard deductions, income thresholds, and retirement contributions. These adjustments are particularly relevant for business owners who need
Navigate the appeal process for IRS audit decisions effectively with our insights. Call 866-861-4443 for assistance.
Start-ups often face numerous hurdles, and unfortunately, many new businesses overlook critical tax obligations. Cash flow issues, often stemming from tax missteps, contribute to the failure of 82% of start-ups.
Starting January 1, 2025, the IRS is implementing new interest rates for tax overpayments and underpayments. These quarterly adjustments, based on the federal short-term rate, are critical for business owners
Is the Offer in Compromise your best option for resolving tax debt? Explore the benefits and reach out at 866-861-4443 for help.
In recent news, Intuit, the company behind TurboTax, faced backlash from the National Association of Tax Professionals (NATP) over a recent ad campaign. The ad, promoting TurboTax’s full-service option, appeared
The IRS recently announced a significant shift for cryptocurrency reporting, impacting those who rely on digital assets. Until now, taxpayers could use “universal wallet” accounting, treating all crypto holdings as
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