Recordkeeping Basics

Recordkeeping Basics: Individual Taxpayers

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

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