Companies and individuals frequently give their attention to federal and state income taxes when considering their tax liabilities. However, payroll tax responsibilities are also crucial for businesses to remember, as they may frequently be a landmine for the...
The Internal Revenue Service (IRS) uses various tools to collect back taxes, including liens and levies. If you haven’t paid your tax balance yet, and you haven’t made any arrangements regarding that balance with the IRS, you will likely get a series of notices from...
A statute of limitations is a law that specifies the maximum time after an event that a person can take legal action or be punished for a crime. This period is set so that evidence, witness accounts, and other aspects of the incident do not become outdated. With that...
An IRS tax audit is a process in which the Internal Revenue Service (IRS) reviews the financial records of a taxpayer to verify the accuracy of their tax return. During an audit, the IRS will review records such as receipts, bank statements, and other financial...
When it comes to taxes, no one likes to be audited. An audit can be a time-consuming and often costly process, and it can also be stressful and embarrassing. That’s why it’s important to be aware of the red flags that could trigger an audit from the IRS. To help you...
Payroll management is a cost-saving option for small business owners. Although processing payroll might seem like a straightforward process, there are a lot of potential risks. Employee payroll procedures can be challenging and time-consuming. As business owners...
Wage garnishment can be an intimidating process for both employers and employees, and it is important for both parties to understand the legal requirements and implications of wage garnishment. To help you out, here’s everything you need to know about wage...
Small businesses are often faced with a variety of payroll tax problems. Payroll taxes are often one of the most complicated and confusing areas of taxation for small businesses. Small business owners should be mindful of the potential issues that can arise regarding...
Tax season can be a difficult time for businesses, especially for small businesses that may not have the resources to do thorough tax planning. And, if one does not know how to go about handling their taxes properly, not only may they end up paying more tax than they...
Tax liens are a common occurrence for many taxpayers. It can be a hassle for taxpayers, as they can prevent them from selling or refinancing a property until the lien is paid off. Fortunately, there are ways to prevent a tax lien from being placed on your property, as...
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