A Tax Resolution Law Firm
IRS IS INCREASING ITS COLLECTION EFFORTS Like almost all government agencies, the IRS was badly impacted by the coronavirus pandemic. It had to shut down various service centers and extend filing deadlines. Most of the collection and enforcement efforts were suspended...
BUSINESS ENTITIES & TAXES. WHAT TO DO! Business taxes are a confusing subject, but it is not as difficult as you think. The first step to filing your business taxes is understanding what type of tax entity you have created. This will determine how much money and...
IRS AUDITS & WHAT TO DO The IRS is the agency that collects taxes for the federal government. They collect more than $2 billion every day. Taxes are required by law, and those who refuse to pay can face serious repercussions like hefty fines or even jail time. To...
THE 3 CASH BASICS To keep your business solvent through the COVID-19 pandemic, refocus on these cash basics: Now is better than later. Decreasing cash flow for many of your customers means you’ll likely have trouble collecting 100% of your accounts receivable in the...
TAKE IT TO THE BANK Make the most of your banking relationships When the Payroll Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) rolled out this spring, many small business owners who didn’t have an existing relationship with a bank or other lender...
WHY IT’S IMPORTANT TO KEEP SEPARATE ACCOUNTS FOR BUSINESS TRANSACTIONS
STARTING A BUSINESS ACCOUNTING
WHY IT’S IMPORTANT TO KEEP SEPARATE ACCOUNTS FOR BUSINESS TRANSACTIONS
CREATE TAX SAVINGS AND TRANSFER WEALTH TO YOUR CHILD WITH A ROTH IRA
IRS SETTLEMENTS OFFER HELP TO INDIVIDUALS AND BUSINESSES W/SERIOUS TAX PROBLEMS
