Business Accounting
So You’re Being Audited. Now What?
Seven steps to get you through the ordeal.
By J.D. Roth
IRS | Page 3
Business Accounting
Huh? IRS Awarded $1 Million in Bonuses to Employees Who Owed Back Taxes
While many of us scramble to file on time and avoid penalties, an internal investigation has revealed that IRS workers who owed back taxes were actually given bonuses.
By Geoff Weiss
Building a Business
5 Tax Mistakes that Startups Make
Get through tax time without a migraine or massive fines by avoiding these rookie tax blunders.
Building a Business
IRS Will Tax Bitcoin, Says It’s Not Currency
In a historic ruling, the IRS said Bitcoin is property, not currency, and will be taxed as such. Here's what you need to know.
Business Accounting
Be Honest: Maybe You Shouldn’t Do Your Own Taxes
Our experts give you five reasons to reconsider taking the DIY route.
Business Accounting
The 3 Most Common Mistakes Entrepreneurs Make on Their Taxes
CPAs reveal the big IRS no-no's committed by 'treps
Building a Business
The S Corp Deadline Is Approaching: What to Know
The March 17 deadline to take the S Corp election is nearly here. We explain who is eligible and how it might benefit you.
By Nellie Akalp
Building a Business
Will Your Business Fall Victim to the Dreaded Tax Audit?
Even if you have all of your ducks in a row, the IRS could hand select your return to be audited. Here are some reasons why.
By Bonnie Lee
Business News
The Ethics Coach on Cash Deals, Transparency and More
Our ethics coach takes your questions about under-the-table payments, planned obsolescence and price transparency.
By Gael O'Brien
Business Accounting
5 Mistakes I’ve Made So You Don’t Have To
A wise person learns from someone else's experiences, so there's no excuse to repeat these business blunders.
By Josh Steimle
Building a Business
IRS to Take a Closer Look at Small Business Filings
Here are three important tips for how entrepreneurs can avoid getting into trouble with the IRS.
Building a Business
5 Hiring Practices to Keep You Out of Hot Water With the IRS
Distinguishing between independent contractors and employees properly means covering all your bases. Here are five important steps to take.
Building a Business
How to Respond to a Letter From the IRS? Breathe.
Getting a letter from the IRS can be a panic-inducing experience. Here's how to handle it and calm your nerves.
Building a Business
How to Scale Up Your Holiday Workforce the Right Way
There's a right way and a wrong way to staff up for the holidays. Here are a few tips for keeping you on track and out of the IRS's headlights.
By Jeff Wald
Business Accounting
Why You Should Keep Business and Personal Expenses Separate
Mixing business expenses with your personal life can get messy fast.
By J.D. Roth
Business Accounting
Why Missing Quarterly Tax Deposits Can Devastate Your Business
Don't get yourself in trouble with the IRS. Here's how to make sure you stay on top of tax deposits.
Building a Business
What To Do If You Receive a 1099-K Notice From the IRS
Stay calm: It may not be an audit. Get some professional tax advice, gather up your records and respond, says tax expert Barbara Weltman.
Building a Business
The IRS Wants to Know If Your Freelancer Should Be Getting a W2
When the U.S. government is hurting for pennies, you'd better mind your Ps and Qs.
By Jeff Wald
Building a Business
5 Reasons the IRS’s New Focus on Small Businesses Is Ridiculously Egregious
The IRS is sending letters to tens of thousands of small businesses asking if they are underreporting revenue, according to new reports.
Business Accounting
Calculating Your Home-Office Deduction Just Got Easier
The IRS provides a new streamlined option for determining how much you can deduct for your home-office space.
Building a Business
Five Tips For Avoiding a Tax Audit
Before you file your taxes, watch out for these common red flags that could draw unwanted attention by the IRS.
By J.D. Roth
Building a Business
Online Sellers Brace for a New Tax Filing Requirement
Some small businesses may need to declare added income on their 2011 returns. Here's what you need to know if do business on eBay or Etsy.
By Carol Tice
Building a Business
Five Rules for Writing Off Meals and Entertainment Costs
There's a fine line between business and pleasure when you're talking entertainment expenses. Learn what you can and can't deduct.
By Bonnie Lee
Building a Business
Three Online Tax Resources for Small-Business Owners
Looking for ways to make Tax Day a little less painful? These websites might have what you need.
Building a Business
What to Look for When Hiring an Accountant
How to find a tax pro who will find the maximum savings for your business.
Business Accounting
Seven Bookkeeping Tips to Save Time and Money
Inputting checks, managing bank accounts and creating reports don't have to be an intimidating process.
Business Accounting
Five Tax Write-Offs You Might Not Know About
A slew of new breaks are now available on common expenses for some growing companies.