Entrepreneurs are always looking for ways to expand their businesses. Some attempts are successful and yield results. Others are what are best referred to as learning opportunities. In some cases, the two can overlap. One example involves expanding a business into another state. This expansion can happen in any number of ways. Perhaps the businesscontinue reading…
IRS to crack down on unreported employment tax
The United States Treasury Inspector General for Tax Administration (TIGTA) recently released a report finding “billions of dollars of employment taxes are uncollected.” As a result, the Internal Revenue Service (IRS) is focusing in on businesses that have allegedly unreported and underreported their employment taxes. Who is responsible for unreported or underreported employment taxes? Incontinue reading…
4 FAQs about moving, starting a new job and tax consequences
Getting a new job is an exciting prospect. For some, this requires moving to a new area and potentially selling an old home. These are big life changes that often come with a number of questions, some of the more common follow. Are there any tax benefits to moving for work? In some cases, the answercontinue reading…
Win big at the casino in MN? Don’t forget about Uncle Sam’s cut.
Winning big at a casino is cause to celebrate. But, before celebrations get too out of hand, be sure to keep in mind that a chunk of those winnings will go to Uncle Sam. A failure to pay these taxes can result in an audit, which could lead to penalties and fees that may exceed thecontinue reading…
Entrepreneurs can use this tip to maximize their bottom line
Entrepreneurs are go getters. These business men and women have that extra grit that’s needed not just to get ahead in the business world, but to forge their own path. As such, these canny business experts are always looking for new ways to maximize their bottom line. One news source that is dedicated to thiscontinue reading…