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As a business owner, there comes a time when you have to travel to a convention, or to a client’s location in order to attend a seminar, workshop or close a business deal. When your business requires you to travel beyond the boundaries of your business structure, it is critical that you carefully document this…
Classification Classification of employees and contractors are crucial from the beginning and can lead to serious tax problems in the future if not done correctly. Most businesses hire employees and from time to time depending on the nature of your business, may need to hire an outside expert to help with special projects. As the…
Currently Not Collectible The currently not collectible status may be your solution to temporarily delaying or permanently defer payment of tax debt. This does not mean that the tax debt goes away, yet it may provide you with some immediate tax relief. Yet as the months and years pass by, the IRS obligation to collect…
