25 Years Of Positive Results
Tax evasion has been a prevalent problem for the Internal Revenue Service, leading to limited revenue collection in the United States. As a result, the IRS has resulted in aggressive tax collection measures to ensure maximum tax compliance among all high-value...
The IRS may decide to audit your small business to check whether the reported taxable loss, income, deductions, and expenses comply with the federal tax laws. If there was a mistake, your business could be liable for interest or penalty. Most business owners and...
Divorce is a challenging process and can quickly turn ugly for the involved parties. According to the American Psychology Association, first-time marriages have a 50% chance of ending in divorce. Divorcing couples experience major challenges in matters concerning...
The internet has created massive opportunities for businesses to thrive. Interaction between businesses and customers has never been easier, and as a result, online companies have become very lucrative. As expected, high yields and return on investment attract some...
Employers are required by law to withhold taxes from their employee's paychecks, keep the funds secure and then report and deposit them with the IRS at the appropriate time. This helps the IRS by gathering the taxes of many individuals into a single purse for which a...
Tax withholding is an obligation for employers to collect taxes from an employee's paycheck before the money is paid out to the IRS. Therefore, it is an essential aspect for any business owner to understand the tax withholding process. Why is tax withholding...
Business operations and taxes are inextricably intertwined. Regardless of how your business generates its income, taxes will need to be paid unless you can find enough exemptions and credits to shield you from that liability. Even seemingly minor mistakes can be...
You and your spouse may have owned a successful business together, leaving you very well off. However, as is the case with many family-owned businesses in the Washington D.C. metro area, one spouse would be responsible for some tasks such as paying self-employment...
The simplest mistakes pertaining to your business taxes can have severe implications that can leave you hit with enormous fines. These penalties can threaten you and your business with financial ruin. As stressful as that may sound, you shouldn’t let your fear...
More and more Americans are earning a significant portion of their income in foreign countries. Individuals who earn foreign income in 5- and 6-figure (or more) amounts are often concerned about whether this income is taxable in the United States. Citizens of foreign...
