How to Run a Tax-Efficient Business

Taxes can be tricky, and businesses have the ability to take tax complexity and kick it up several notches. Especially if you are unfamiliar with how business taxes work, you might find yourself suffering from some sticker shock come tax time. Fortunately, there are some things you can do as a business owner to reduce […]

Taxpayers who can’t pay their taxes should still file on time

With the April tax filing due date just a few days away, taxpayers should remember to both file and pay any taxes they owe by the deadine. Taxpayers who do not file and pay timely will see their tax debt grow. In fact, penalties and interest can cause a taxpayer’s debt to grow by more […]

Filing season tips for employers and employees

Read and be aware of the IRS-identified Dirty Dozen tax schemes Identity theft remains at the top of the IRS’s Dirty Dozen tax scheme list for 2019. Despite a steep drop in tax-related ID theft in recent years, the IRS last week warned taxpayers that the scam remains serious enough to earn a spot on […]

Tax reform changes to fringe benefit deductions affect business’s bottom line

The Tax Cuts and Jobs Act includes tax law changes that affect businesses and the 2018 tax returns they file this year. One change is to fringe benefit deductions, which can affect both a business’s bottom line and its employees’ deductions. Here is a rundown of these changes: Transportation fringe benefits The new law disallows […]

IRS urges businesses to e-file cash transaction reports; It’s fast, easy and free

WASHINGTON — The Internal Revenue Service today urged businesses required to file reports of large cash transactions to take advantage of the speed and convenience of filing these reports electronically. Although businesses have the option of filing Form 8300, Report of Cash Payments Over $10,000, on paper, many have already found that e-filing is a […]

Find out how tax reform affects your businesses’ bottom line at

Business may find they have questions about how 2017’s tax reform legislation affects their organization and their bottom line. is a great place to find answers. Here are several resources on the IRS website that address tax reform. Tax reform provisions that affect businesses This is the main page for businesses. Users can link […]