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Hand Over Tax Audit Information, Clock is Running -U.S. IRS

{ on Monday, November 25, 2013 in Blog, Tax Planning & Consulting } By Patrick Temple-West WASHINGTON (Reuters) – The U.S. Internal Revenue Service audit, already a feared ordeal, will get even sharper teeth in January when the IRS will start setting strict deadlines for delivery of information it wants from companies and wealthy people it is auditing. No such deadlines now exist. So taxpayers can put off {…}

Small Business Growing Pains: What do I do when I have too much work?

{ on Friday, November 15, 2013 in Blog, Business Consulting } As a small business owner, this is a great problem to have.  You need the right approach to grow successfully in your small business today.  The success or failure of your business is acknowledging who to grow correctly, and we have compiled the following steps to help you endure the growing pains. 1.Our first recommendation is this…. Stop. It {…}

Democrats’ bill would close S Corp employment tax “loophole.”

{ on Thursday, April 26, 2012 in Blog, Tax Planning & Consulting } S Corp employment tax Loophole Late on April 24, Senate Majority Leader Harry Reid (D-NV) introduced S. 2343, the “Stop the Student Loan Interest Rate Hike Act of 2012.” Democrats said they would introduce a parallel measure in the House of Representatives. Reid’s Stop the Student Loan Interest Rate Hike Act, S. 2343, is the latest proposal from {…}