by Kevin Thompson | Aug 24, 2012 | Tax Laws
Congress is in intense debates on the subject of taxation as they await the outcome of the November election. This could negatively affect business owners who have not made election year tax planning a priority. The debates center on who will bear the appropriate tax...
by Kevin Thompson | Jul 14, 2012 | Tax Laws
Did you know there are over 58.000 payroll tax audits annually? These audits result in an average additional amount due of $26,372! The IRS has been focusing on collecting under-withheld employment tax from employers who have failed to comply with tax guidelines. ...
by Kevin Thompson | Jun 19, 2012 | Tax Laws
Bush –era tax cuts, enacted in 2001 and set to expire in 2012 are still being stalled because of political infighting and having a “lame duck” Congress awaiting the upcoming November election. Democrats and Republicans remain far apart on whether or not to extend...
by Kevin Thompson | Jun 5, 2010 | Tax Laws
The IRS recently made a number of clarifications regarding the credits for small businesses in the recent federal health reform legislation. This particular tax credit, tax code Section 45R, is designed to encourage small businesses to provide health care plans to...
by Kevin Thompson | Apr 25, 2010 | Tax Laws
It used to be that if you failed to file a form BOE-100-B with the State Board of Equalization when there was a change in ownership or control of a property, then the board would send you a notice and you had to respond. If you failed to respond then you were charged...
by Kevin Thompson | Apr 25, 2010 | Tax Laws
Here’s some good news out of Washington. The president has proposed a tax cut for small businesses that aims to create jobs and benefit small businesses. Hiring new workers and giving raises to employees are both ways to earn the credit. The credit is also given...
