The best way to survive an IRS audit is to prepare
June 28, 2023
Don’t panic if you get a letter from the IRS telling you your tax return is being audited. In many cases, the IRS completes audits after receiving requested documentation. Here are the latest IRS statistics, as well as some tips on how to help survive an audit.
The Trust Fund Recovery Penalty: Who can it be personally assessed against?
June 26, 2023
The Trust Fund Recovery Penalty is personally imposed on certain business owners and managers when employment taxes aren’t paid to the government. Here are the rules, along with two cases where individuals were held liable for the harsh penalty.
Are you married and not earning compensation? You may be able to put money in an IRA
June 22, 2023
If you’re married and don’t earn compensation, you may think you can’t contribute to a retirement plan. But you may be eligible for a spousal IRA. Here are the rules for 2023.
Why can’t my profitable business pay its bills?
June 20, 2023
Bills, bills, bills! From utilities and payroll to taxes and supplies, there’s always a bill that needs to be paid when you own a small business. When cash is short, it pays to understand the differences between profits and cash flow.
Key factors for employers in choosing an affordable health plan
June 19, 2023
Most employers need to sponsor a health plan for employees. But striking the right balance between affordability and comprehensive coverage isn’t easy.
Should you reimburse employees for moving expenses?
June 15, 2023
Employers: Could reimbursing employees for moving expenses give you a hiring and retention edge? Perhaps, but it’s important to first anticipate the tax impact.
