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Category: Uncategorized

Audit
Jun 24

IRS Audit and What to Expect

The IRS neatly describes an IRS audit as “a review/examination of an organization’s or individual’s accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct.” This statement is clear; however, it certainly leaves many questions unanswered. Let’s take a look […]
Jun 10

Trust Fund Recovery Penalty

  It’s probably fair to assume that business owners don’t start companies for the enjoyment of withholding taxes from employees. Collecting trust fund taxes is just one of the many mundane tasks that employers are obliged to take on. Nonetheless, many employers find themselves staring down an expensive Trust Fund Recovery Penalty if they don’t. […]

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