Owners of small businesses and sub chapter S-Corporations have often allowed profits to flow to the shareholders as distributions taxable at ordinary rates. The IRS is currently focusing on tax collection from small corporations. The …
Starting a new business can be an overwhelming task. Being aware of all the filing and tax requirements is a good place to start because the decisions you make now will affect your income and …
As a CPA for over 30 years it always interests me why new clients come to see me. I am curious to know why they feel the need to switch accountants. Most of the time …
Many clients who owe back taxes want to eliminate or negotiate a reduction in the amount owed. Such a negotiation is called an Offer In Compromise. This post will explain an offer in compromise and …
When starting any trip most people will look at a map, MapQuest or use their navigation system to find where they are going. Doctors will take blood and run tests to determine a patient’s health. …