What Happens If Someone Does Not File Their Income Taxes At All?
Ask Wesley Snipes. Seriously, the IRS is not to be toyed with. If you have not been filing income taxes, or have not done so for 2014, the IRS levies some hefty penalties against non filers. You may not be a celebrity, but roofers, pet shop owners, and even students are all legally required to file income taxes, with a few exceptions. Some people are not required by law to file income tax. The ...
Save Time And Money By Hiring An Accounting Firm To Take Care Of Your Payroll
One especially cumbersome part of any business is payroll. If you’re a painter, you may work solo for some of the time, then hire on seasonal or temporary help as needed. Processing payroll for your employees can be overwhelming. You will need to file different forms for different kinds of employees. In addition to knowing which tax forms to use when filing payroll, there are other legal ...
Breaking Up With A Client
When it comes to small business accounting, something to consider besides your books is your clients. It is not only your tax service, your vendors, or your marketing agency that needs periodic evaluation. Just as often, it is your clients. Yes, the customer is always right, but what if they’re not? Signs that your client is not right for your business include not only the obvious: they ...
