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 This period is set so that evidence, witness accounts, and other aspects of the incident do not become outdated.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...
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