IRS: Maui Communities Are Most Likely for Audit, Tax CheatsThe communities in Hawaii where you would most likely find tax cheats and audits are Lahaina and...Ohlemacher, Stephen
Even though audits may seem rather random, certain audit issues tend to surface far more than others. Some of the most common audit issues include asset ownership, asset valuation, and manager representation. While these terms might look complicated, each type of audit can be easily understood ...
In an ideal world, your retail business will never have to deal with the dreaded “A” word—audit. But if you do find yourself facing an audit from the IRS, it’s imperative that you have accurate, complete, and organized payroll records. Otherwise, you could find yourself facing a vari...
A common audit prompt is a simple mistake regarding crucial information. Maybe you mixed up some numbers in your spouse's Social Security number or forgot to carry the two when adding up your adjusted gross income. The mistake may be honest, but unfortunately, IRS auditors don't like mistakes...
Let’s explore the common type of onboarding documents below, with examples for each: Legal & Tax Onboarding Documents Here are a few of the most common legal and tax documents new hires will need to receive and complete during or before their onboarding. W-4 Form Employment I-9 Form St...
But until federal laws are passed that mandate this type of protection, your personal data could be at risk of being stolen. False pretense: Another common way that identity thieves steal information is by using a false pretense to lure you into revealing your personal information. They can do...
Two common types of buy-sell agreements—cross-purchase and redemption agreements—may use insurance to fund the purchase of ownership interests and are activated by a partner’s death or disability. A third type, considered a hybrid of these two, also is an option. ...
But if you do find yourself facing an audit from the IRS, it’s imperative that you have accurate, complete, and organized payroll records. Otherwise, you could find yourself facing a variety of fines, penalties, and other tax or payroll-related issues. So, for example, let’s say you ...
According to the IRS, 40% of small to mid-sized businesses face IRS penalties related to incorrect payroll filing. Here are the top five payroll mistakes leading to penalties and how to avoid them.
But if you do find yourself facing an audit from the IRS, it’s imperative that you have accurate, complete, and organized payroll records. Otherwise, you could find yourself facing a variety of fines, penalties, and other tax or payroll-related issues. So, for example, let’s say you ...