by Candy | Feb 24, 2014 | Bookkeeping, Business, Sales Tax
Use tax and sales tax both are used to fund state and local services paid for by the states. And dodging either of them, intentionally or unintentionally, constitutes non-compliance and puts you and your business at risk for audits. Most of us have a firm handle on...
by Candy | Feb 14, 2014 | Sales Tax
The past twenty or so years, the addition of the internet and online market has caused a great deal of confusion (and disagreements) when it comes to sales tax. Of course, online retailers do not wish for the added burden of state tax on purchases, but this is unfair...
by Candy | Jan 10, 2014 | Sales Tax
Great news for entrepreneurs in CA who had to register with the Board of Equalization in order to collect and remit sales taxes. A security deposit will no longer be required when applying for a permit. The State Board of Equalization has previously required...
by Candy | Dec 16, 2013 | Business, News, Sales Tax
The Internal Revenue Service’s small business unit is expecting to head in a new direction to keep up with the times. Small corporations have longtime held the spotlight of IRS audits and inquiries. But seeing that S corporations, partnerships and other pass-through...
by Candy | Dec 2, 2013 | Business, Payroll, Sales Tax
Instant Tax Service was the 4th largest tax preparation service in the nation. In 2009, ITS was ranked #1 on Entrepreneur Magazine’s Top New Franchises list, #1 lowest cost franchise in the US, and #3 fastest-growing franchise. Their friendly website is still full of...
by Candy | Nov 29, 2013 | Business, Payroll, Sales Tax
Announced last month, the IRS has evaluated and amended tax provisions to account for inflation. More than 40 tax provisions have been adjusted, including the tax rate schedules, and other tax changes. I am going to share a few of the changes that will be of most...
