by Phillip Sinclair | Aug 4, 2020 | Informational
Reduce Payroll Tax Penalties Here is a link to a web site that checks IRS penalties on late employment tax deposits and obtains average reduced penalties of nearly 50%. How much will this cost me, you ask? The annual subscription is $99 and includes updates and...
by Phillip Sinclair | Aug 4, 2020 | Informational
Shifting income to your dependent children can reduce your tax burden. However, special tax rules apply referred to as the “Kiddie Tax” that has changed several times over the past few years. Effective for tax years beginning after 2019, the Setting Every...
by Phillip Sinclair | Aug 4, 2020 | Educational, Informational
I’m glad you asked. The Internal Revenue Service has publications that address this very issue. Publication 552 addresses Recordkeeping for Individuals. Publication 583 addresses Starting A Business And Keeping Records for Businesses. Publication 463 addresses...
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