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Tag Archive for Business Tax
Disaster Payments to Employees
by Oscar • • 0 Comments
As we are all aware, Sandy was a first class disaster the like of which this region has never seen before. One of the tax responses to this disaster, as in any federal disaster, is that employers may make reasonable…
Keep Good Records Now to Reduce Tax-Time Stress
by Oscar • • 0 Comments
You may not be thinking about your tax return right now, but summer is a great time to start planning for next year. Organized records not only make preparing your return easier, but may also remind you of relevant transactions,…
Tips for Employers Outsourcing Their Payroll
by Oscar • • 0 Comments
Outsourcing payroll duties to third-party service providers can streamline business operations, but we remind employers that they are ultimately responsible for paying federal and state tax liabilities. Recent prosecutions of individuals and companies who – acting under the guise of…
Taxpayers Who Receive an IRS Notice
by Oscar • • 0 Comments
Every year the Internal Revenue Service sends millions of letters and notices to taxpayers, but that doesn’t mean you need to worry. Many notices are routine and can be handled by the taxpayer. If you feel you need help with…
Potential trouble spots as IRS steps up enforcement
by Oscar • • 0 Comments
Potential trouble spots as IRS steps up enforcement By Karen Hube, The Internal Revenue Service has added a couple of notches to its enforcement belt. First came the disclosure that international financial services giant Credit Suisse is under federal…
IRS Audits – Consultants and Professionals
by Oscar • • 0 Comments
The IRS is looking at consultant and other professional income taxes and has issued new audit guidelines. One of the issues they are looking for is shifting income from one entity to another. The following is an excerpt from the…