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Bogus IRS E-Mails Are on the Rise
The IRS reports that even though the April 15th tax filing deadline has come and gone, fraudulent e-mails purporting to be from the IRS are still running rampant. Here is what you need to know to...
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Consider an S Corporation Election
S corporations have certain tax advantages that you might consider for your small business. An S corporation is a regular corporation that has opted to have all income or loss passed down to the...
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Paperwork: Should You Keep It Or Shred It?
Confused about managing paperwork? Here are some tips that will help you keep what’s important and toss what you no longer need. 1. Tax records: Keep tax records for at least seven years. Tax records...
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Identity Theft is a Business Problem, Too
Businesses sometimes adopt a head-in-the-sand attitude when it comes to identity theft. That’s good news for thieves. By stealing the average consumer’s credit card data, a thief can run up a sizeable...
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What Will Trigger an IRS Audit?
What are your chances of being audited by the IRS? Not surprisingly, the nation’s tax collector tends to go after the big money. According to figures recently released by the IRS, approximately 1.11%...
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