Don’t Borrow From The IRS
The Internal Revenue Service is not a lender of last resort. By not paying taxes, you are ultimately borrowing from the Government, at extremely costly rates. The addition of compounding interest and...
View ArticleGuest Post: Cash vs. Accrual Accounting
Commercial finance writer Sam Thacker writes a nice blog post on the basic accounting question; What’s the difference between Cash and Accrual methods? His description includes what lenders, like a...
View ArticleGuest: Tax Rules You Should Know About for 2011
Business writer, Barbara Weltman, has some good information on the upcoming tax season. Small businesses need to be aware of the constant changes to the tax code in order to prepare and take advantage...
View ArticleIRS Increased Scrutiny On 1099 Filings
Here is a relevant article regarding the Internal Revenue Service cracking down on misclassified filings of independent contractors. Many businesses attempt to avoid paying regular payroll taxes by...
View ArticlePayroll Taxes Paid On Time
Making timely payroll tax payments is crucial to staying in business. A factoring company may actually assist in situations where there is a payroll tax delinquency. The most important part of working...
View ArticleUnpaid Corporate Tax Gets Personal
This from a recent online Forbes article by Stephen Dunn; Many a cash-strapped company fails to deposit its payroll taxes. Unlike other creditors, Federal and state taxing authorities are not at the...
View ArticleIRS Audits of Small Business Software Files
The Internal Revenue Service has been ramping up enforcement of tax compliance. Previously I have posted about mis-catagorization of employees vs. contractors. It is important as a small business owner...
View Article1099 Scrutiny
This is another reminder of the increased crack down on misclassifying people working for companies. If you are considering someone working for you as an independent contractor, remember; If you tell...
View ArticleOwing To The IRS Is A Bad Deal
The Internal Revenue Service is not the best lender of last resort. By not paying taxes, you are ultimately borrowing from the Government, at extremely inflated rates. By compounding the interest and...
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