Business Tax News -Corporate Inversions on the Rise- In order to escape a 35% corporate tax rate, more and more United States companies are taking steps to move their headquarters offshore. While such a move, called an inversion, does not lower a company’s business tax rate on income earned within the United States, […]
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New Compliance Focus for the IRS
New Noncompliance Focus for the IRS – A recent study by the Government Accountability Office identified a growing problem with the business tax noncompliance of S-Corporations and Partnerships. While the noncompliance rate for these business entities has historically been high, it has recently become an area concern due to the fact that S-Corporations and Partnerships […]
Avoiding a Small Business Audit
Avoiding a Small Business Audit – Although budget cuts forced the IRS to perform fewer audits last year than they had in the previous several years, small businesses remain one of the categories targeted by the audit process. In spite of this fact, there are a number of things small business owners can do to […]
The Outsourcing of Payroll Services
The Outsourcing of Payroll Services – Although the outsourcing of payroll services is often one of the smartest financial choices a business can make, there are certain considerations that should be addressed when selecting a third party payroll services provider. While the outsourcing of payroll services has numerous advantages, the fact that these functions are an important […]
Small Business Tax Breaks in the News
Small Business Tax Breaks in the News -This past Tuesday, the House Ways and Means Committee voted to extend six of the more than 60 small business tax breaks that expired on January 13, 2013. Although most analysts assume that the proposal will not be bought up for consideration by the House of Representatives for […]