If you are a business owner, you know there is no time to do everything you need on a given day. Besides the general running of your business, managing employees, meeting with vendors, accounting, customer relations, etc. If you constantly ask yourself,...
Since payroll can be time-intensive and complicated, why not use a payroll provider? A payroll provider is a third-party company or service that will handle your entire payroll process. Consider outsourcing your payroll as soon as you hire your first employee....
As a small business owner, tax season can be an overwhelming time. Filing your taxes accurately and on time is essential to avoid penalties and ensure your business complies with tax regulations. Many business owners face the dilemma of choosing between tax...
As a small business owner, you wear many hats. You are responsible for staying up to date with the changes in your industry, keeping track of inventory, ensuring all your insurance is up to date and managing your employees. If you are overwhelmed by the bookkeeping...
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service (IRS) to settle a taxpayer’s tax liabilities for less than the total amount owed. The taxpayers who can fully pay the liabilities through an installment agreement or...
The Taxpayer Advocate released their report on the state of the IRS, National Taxpayer Advocate 2021 Annual Report to Congress. You may find that this is an interesting read. Many of the forms required to complete the 2021 Income tax returns for small...
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