IRS Eliminates 1099K Reconciliation
The Internal Revenue Service has eliminated the requirement regarding how credit -and debit card payments are accounted for …
S Corporation shareholder’s compensation must be reasonable.
A recent court decision reported that an S corporation shareholder’s salary should be a reasonable compensation. …
New Tax Treatment of Cell Phones for Business
Lifts Record Keeping Burden for Small Business The IRS categorization of mobile phones as listed property required business …
Common Tax Errors to Avoid
COMMON TAX ERRORS 1. If you had a baby during 2011, you must get a Social Security number for the child before filing your …