Most small businesses are better off with contractors instead of employees since the overhead cost is lower. But beware of misclassifying. The IRS has rules that stipulate when a contractor…
It may seem like an unfair battle. Looming increases in interest rates and lack of credit are an especially fierce opponent for small business owners. But there are some tactics that…
Petty cash is often viewed as random cash with no real procedures. But shrewd business owners need to have as much control over petty cash as they do over the…
If you’re like a majority of Americans, you may be looking for new, creative ways to ease your annual tax burden. Fortunately, there are several things you can do to…
Have you ever wished to see a chronological list of all your QuickBooks activity? With the QuickBooks audit log report, you can keep track of added, deleted, and modified transactions,…
Amid increasing attention on how internal auditors can evolve in their positions, a newly published survey of stakeholders offers some valuable insights on best practices. Not surprisingly, a focus on…
The IRS sent tax lien notices to the wrong addresses for taxpayers even though the agency had the correct addresses in its system, according to a July report by the…
Criticism of the IRS’s cybersecurity loopholes and breaches is endless, so a recent report by the US Government Accountability Office (GAO) finding the agency’s Taxpayer Protection Program (TPP) problematic isn’t…
During his most recent televised rant, Bill O'Reilly said a huge scandal can potentially explode within the Justice Department. He added that many Americans are confident that the intervention was…
The income inequality and its slow but steady progress since the years following the Great Recession are often mentioned alongside the Tax Code issues. Social mobility, the amount that a…
