About 40% of all small businesses pay close to $845 in tax penalties and fees for making mistakes on their taxes.
Many of these mistakes are avoidable, but small business owners choose to do taxes themselves. If you’re in this boat, it’s time to hire an accountant. They’re experts in...
As an internal body, IRS always makes decisions, either positive or negative. IRS depends on every piece of information to offer in compromise.
Suppose you have an offer in compromise that doesn't belong to you. The IRS will automatically deny you an offer in compromise, but there are several other...
The decision to specialize in tax or audit is one that many accounting professionals grapple with at some point in their careers. They are both critical services that accountants can provide to their clients.
Though they share some similarities, some key differences set them apart. And while both specialties have...
Several members of the billionaire Sackler family have recently come under fire in the United States. The family has already been under fire due to its ownership of Purdue Pharma, the company that created and marketed the infamous opioid drug, Oxycontin. Now they find themselves the target of serious...
When corporations make plans to evade taxes, they rarely consider the impact that tax evasion has on both developed and developing nations. According to the Tax Justice Network, there is an estimate of between $21-$32 trillion that is associated with private wealth held offshore. The annual global losses...
