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Like Sheba the Cat, Will Your Tax Write-offs Raise a Red Flag?

Posted by Michael Beauchemin on Mon, Apr 04, 2011 @ 10:48 AM Each year, taxpayers pull together all their receipts and attempt to minimize their tax liability by writing off expenses, they are not allowed to write off.  Writing off expenses that are not allowed are the quickest ways for the IRS to start nosing…

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IRS on the Hunt, Study Shows Increasing Audits for Small Businesses

 Posted by Michael Beauchemin on Thu, Apr 07, 2011 @ 10:25 AM The IRS appears to be gearing up and increasing audits for small businesses.  Listed below are 3 recent event that supports this trend. A study by Syracuse University’s Transactional records Access Clearinghouse (TRAC) shows a 30% increase of audits to small businesses. The…

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Will E-Commerce Businesses Be Hurt By Amazon State Sales Tax Battle

Posted by Michael Beauchemin on Wed, Jun 15, 2011 @ 08:41 AM Because of the increased strain on states’ budgets in recent years, every state is looking for additional sources of tax revenue to balance it’s budget while minimizing the budget cuts they must make Last years in a post titled Are You an On-Line retailer? If…

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How Are You Impacted by the Fiscal Cliff Tax Deal?

Posted by Michael Beauchemin on Thu, Jan 03, 2013 @ 10:33 AM For the past year we have heard nonstop talk about “going over the fiscal cliff.”  This week,  Congress averted that by passing a bill to address many of the tax increases that were about to kick-in and delayed the automatic budget cuts scheduled to…

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