by Candy | Jun 10, 2014 | Sales Tax
Business owners often make mistakes when it comes to sales tax calculations and filings which can result in penalties and interest. Today I’m going to discuss some of the typical errors so you hopefully don’t make any of them in your business. The first...
by Candy | May 20, 2014 | Bookkeeping, Business, Sales Tax
If you file your taxes and reports diligently and on time, you probably don’t expect to hear back from the IRS. But what if you do receive a notice? Rule one: don’t panic! Follow these tips on understanding and handling the unexpected notice. Is this...
by Candy | Apr 25, 2014 | Business, Sales Tax
Tax deductions are helpful—but one very common mistake small businesses make is to over deduct gifts on their taxes. Here’s how to deduct gifts correctly. Most of us give family and friends gifts for Christmas, birthdays, or just to say thank you. Although personal...
by Candy | Apr 23, 2014 | Sales Tax
I was reading an older Reader’s Digest magazine that I hadn’t had the time to read originally (and had been put in my bookcase and forgotten about until a few days ago). The following information came from their January 2013 edition under the...
by Candy | Mar 19, 2014 | Business, Sales Tax
In the last post, we found that taxpayers should be wary of charity scams, always file their wages absolutely accurately, and never, ever use a frivolous argument to avoid paying taxes as this is a felony. Finally we have reached the last three of the “dirty dozen”...
by Candy | Mar 17, 2014 | Business, Sales Tax
In the last post we discussed the dangers of picking the wrong tax preparer as well as the stiff consequences of hiding income and assets from the IRS via offshore accounts. Continuing the topic of this year’s “dirty dozen” scams and schemes, we will cover charity...
