Recordkeeping Basics

Recordkeeping Basics: Individual Taxpayers

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After your tax returns have been filed, several questions arise: What do you do with the stack of paperwork? What should you keep? What should you throw away? Will you ever need any of these documents again?
S Corporations

Can S Corporations Own An Interest In Another Business Entity?

An S corporation can own an interest in another business entity. It can also be a partner in a partnership or a member of a limited liability company (LLC).
Compute Payroll

How Do I Compute payroll taxes as an employer

A business that has employees must withhold income taxes on payments to each employee. Each employee must first fill out Form W-4, Employee’s Withholding Allowance Certificate, and provide it to the employer.
Private Tax Collection

Private Tax Collection Poised for Possible Return

Tucked into the pending highway and transportation spending bill is a provision authorizing the IRS to outsource some tax collection activities.

Budget Act and How It Affects Tax Compliance

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The new Bipartisan Budget Act of 2015, signed into law by President Obama in November, makes some far-reaching changes to partnership audits...