Sales tax is one area of business where it pays to know your obligations, especially if you do business across state lines. You might get by with “ignorance is bliss” for a time, but eventually, the state will notice your activity and send the bill for any obligations you overlooked. At that point, you won’t be able to charge your customers for the sales tax. Instead, you will be the one liable for all the back tax, penalties, and interest, which can accumulate quickly.
Topics: Tax- Updates- Startups- SalesRead More
This year’s long list of tax law changes could appear as a surprise on your tax return—if you’re not prepared. To help you out, we have compiled a list of the most important changes for the 2021 tax year. Use this information now to help prevent surprises or frustration later when you file your return.
Topics: Tax- Updates- Coronavirus- GuidanceRead More
This article was last updated on February 10, 2022.
As we head into the post-pandemic era with so many challenges to the normal supply and demand balance, there are several things that business owners and financial directors should evaluate as they make decisions for the health and future of their businesses.
Topics: Insider- Advising- Recession- Economy- Insight- Guidance- StewardshipRead More
January flurries are coming—and not just the white, fluffy kind that descend from winter skies. For business owners, the new year also brings a whirlwind of paperwork as they prepare for 1099 filing. Get ready for 1099s with these tips and changes.
Topics: Tax- Updates- QuickBooks- Payroll- GuidanceRead More
This year has been a topsy-turvy one with an unending barrage of change. But taxes are a sure thing—even this year. Because of COVID-19 relief measures, there are many opportunities available to taxpayers, as well as some variables that could significantly change a person’s typical tax scenario. Know your options and be prepared with these tax updates for 2020.