The Internal Revenue Service (IRS) conducts business audits to check if a taxpayer’s business tax return is accurate. This process involves examining the taxpayer’s financial accounts, supporting documents, and other information to verify the reported information, such as income. The audit may result in the taxpayer owing additional taxes, penalties, and interest. Businesses can be…
Tax season can be stressful, but with the right strategies and planning, you can reduce your tax bill and keep more of your hard-earned money. In this post, we’ll provide practical tips and advice to help you minimize your tax liability and avoid common mistakes. Taxes can be a complicated and overwhelming subject but don’t…
Efficient payroll management is a critical factor in the success of any business. Not only must it ensure accurate payments to employees and timely delivery – it must also adhere to the many laws and regulations governing payroll operations in order to remain compliant. Getting payroll right is no small feat, but with the right…
On August 24th, President Joe Biden unveiled his three-part plan to reduce student loan debt, which includes extending the pandemic-related payment moratorium, student loan forgiveness, and a new income-based repayment plan. Student Loan Forgiveness In order to facilitate the transition back to repayment and support borrowers who are most at risk of delinquencies or default…