IRS Sends Notices About “Possible Income Underreporting”
Has everyone seen the new Tax Form 1099-K? This form started making its way to small business owners two tax seasons ago and the form is sent to businesses by…
Manage Your Business with a Few Key Numbers
Regardless of the type of business you’re running – whether it’s selling electronics, teaching cartwheels or making furniture – monitoring a few key financial indicators is often all that’s needed…
Can Happy Employees Equal Healthy Profits?
It is said that living by the Golden Rule – treating others as you would like to be treated – pays dividends. Can this be true in a small business…
IRS to Step up Penalties for Delinquent Payroll Taxes
Employers owed the Internal Revenue Service approximately $14.1 billion in delinquent Social Security, Medicare and individual federal income taxes that they had withheld from employee paychecks as of June 30,…
4.5 Billion Reasons for an Online Payroll Service & When to Switch Providers
According to the IRS, businesses incurred $4.5 billion in payroll tax penalties last year. It’s likely that small businesses, particularly those doing payroll themselves, are bearing a large part of…
How Much Am I Worth? It Depends Who’s Asking…..
“What am I worth?” is an interesting question because it largely depends on who’s asking and why. An insurance advisor is considering your future. A headhunter is examining your track…
How to Spot an IRS Impersonation Scheme
Financial Tips from Sean Dever, CPA The IRS does not send taxpayers unsolicited e-mails about their tax accounts, tax situations, or personal tax issues. If you receive such an e-mail,…
Tax Changes for 2016: A Checklist
Welcome, 2016! As the New Year rolls around, it’s always a sure bet that there will be changes to current tax law and 2016 is no different. From health savings…
2018 Tax Reform Changes At a Glance
Some of the most significant tax changes since the 1980s took effect in 2018. Congress passed a new tax bill in late December 2017. Here is a brief recap: Reduces…
