Self-Employed and Tax Audits

Self-Employed and Tax Audits Starting a Business Often our tax clients ask us if they should start a side business to reduce tax liability. Our answer is if the sole reason is to reduce taxes, it is a bad idea. For example, if you are employed full time and have a...

Are You at Risk of a Tax Audit?

Are You at Risk of a Tax Audit?  Now that you have filed your taxes for 2016, you may wonder what your risk is of an audit by the IRS. There are several factors the IRS considers red flags that increase the potential of an audit. The good news is, however, chances are...

Should You Outsource Your Payroll?

Should You Outsource Your Payroll?  Many business consultants urge their clients to outsource non-core functions— those not required to fulfill the value proposition of a company to its customers. On top of their list is usually payroll. The main reasons why we cover...

Have You Filed Your Tax Return?

Have You Filed Your Tax Return?  It is April again and your taxes are due. The deadline this year has been extended to the 18th because the 15th falls on a Saturday, and Emancipation Day is being celebrated on the 17th. What If You Are Not Ready to File by the 18th?...