If you run a small business, you are responsible for filing your taxes by a specific due date every year. The date you are required to send in your tax filings depends on your business structure and industry. However, no matter what type of small business you run, you should be aware of all the latest tax laws that could affect your business.
Happy New Year! I hope 2016 was a great year for you, your family and your business. We are looking forward to a healthy, happy and prosperous 2017! Several significant tax law changes took effect in 2016 that may affect your business’s federal tax filings in 2017. Please take a moment to read through this as it contains important tax updates. We are grateful for your patience with us but due to the busy nature of tax season, we ask you to [...]
Seven things you need to know about the upcoming IRS programThere are almost 19 million people who owe more than $400 billion in back taxes to the U.S. Treasury. Right now, 4 million taxpayers are paying the IRS through installment agreements, and the IRS is chasing 7 million more taxpayers for payment. In late 2015, Section 32102 of the Fixing America’s Surface Transportation, or FAST, Act was put into law, requiring the IRS to use private debt collectors for delinquent tax [...]