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IRS is actively trying to find individuals who are not reporting their cryptocurrency transactions The world of cryptocurrencies is expanding and then are the efforts of the IRS to gather taxes from Americans who aren’t paying taxes on them. First introduced...
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IRS Audits & What to do The IRS is the agency that collects taxes for the federal government. They collect more than $2 billion every day. Taxes are required by law, and those who refuse to pay can face serious repercussions like hefty fines or even jail time. To...
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Business Entities & Taxes. What to do! Business taxes are a confusing subject, but it is not as difficult as you think. The first step to filing your business taxes is understanding what type of tax entity you have created. This will determine how much...
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The 3 Cash Basics To keep your business solvent through the COVID-19 pandemic, refocus on these cash basics: Now is better than later. Decreasing cash flow for many of your customers means you’ll likely have trouble collecting 100% of your accounts receivable in the...
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Make the most of your banking relationships When the Payroll Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) rolled out this spring, many small business owners who didn’t have an existing relationship with a bank or other lender found themselves...
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