Not reporting all the income that has been reported to the IRS by: Form 1099-MISC if you are a sole proprietor, independent contractor or you...
READ MOREAre you tempted to use your 401K?
Most people have a 401K. Have you ever been tempted to use it to pay for things like your child’s college education? This is seldom a good...
READ MOREA tip about payroll taxes
by baklau | Bookkeeping, Taxes
When paying employees make sure you allow enough money and set it aside for payroll taxes. Do not dip into employee withholding to pay your...
READ MOREWhat to do if you don’t get your W-2.
First, try contacting your employer and be sure they have your correct address. Second, call the IRS at 800-829-1040 after February 23rd. Have...
READ MOREIs a Like-Kind Exchange a Good Option for Your Business?
by baklau | Financial Planning, Financial Records, Taxes
Normally, when companies sell properties, they must pay taxes on any gain they receive. Like-kind exchanges, transactions in which companies...
READ MOREAre you a Victim of Identity Theft?
by baklau | Financial Records, Taxes
The IRS reported successfully blocking over 900,000 fraudulently filed tax refunds from being distributed last year, which would have totaled...
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