How to Ensure Your Officer Compensation is Reasonable

Throughout this year of economic upheaval, Congress and the US Treasury Department has put continual pressure on the IRS to produce additional tax revenue; the tax administration quickly responding with the intention to increase its enforcement of audits. A common...

What to Do if You Receive an IRS Notice in the Mail

Let’s be honest: it can be scary to receive a notice from the IRS in the mail – our minds often jumping straight to worst case scenario of racked up penalties, or wondering if it could be a scam… Thankfully, unlike phone calls from those claiming to be IRS...

The IRS Moves Forward with Five-Year Plan

The recent Tax Cuts and Jobs Act (TCJA) has made some big changes to the nation’s tax landscape, and in the spirit of renovation, the IRS has made it clear they’re not going to stop there. Starting in 2018 and ending in 2022, the IRS has announced the details to their...

How to Cut Back on Invoicing Costs

It may seem a little counter-intuitive to consider how much it costs your business to receive money, but according to a recent Customer Credit and Open Invoicing Standards Bench-marking survey by APQC, sending a single invoice can cost up to $9.00. Multiply that...

5 Tax Saving Tips for Small Businesses

After the Tax Cuts and Jobs Act (TCJA), guidelines and tax expectations have become a little confusing lately. To help small businesses save some money and avoid accidental penalties in the wake of our current loophole-filled tax law, here are some tax saving tips to...

New Tax Law Says Entertainment Write-Offs are a No-Go

The nation has seen a lot of tax changes this year, but the latest ban on entertainment deductions might be the most disappointing for both prospective clients and business owners. While the previous tax code of 2017 held that treating a client to a Giants game or...

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