Payroll Tax First Step – Avoid the IRS Cliff
Payroll Tax First Step (Not a Cliff Dive) Your business might owe tens of thousands or even hundreds of thousands in payroll tax to the IRS. You might even feel like you’ve fallen off a cliff or drowning underwater. But remember, even when it seems there is no way to end the problem, there…
How to Help Your Boss(3 Ways to be the MVP)
How to Help Your Boss with Tax Issues (3 Ways) This article is to help employees of companies with owners who are overwhelmed. This especially applies if you work for a struggling business that is having trouble keeping enough cash flow. Some of the signs of a struggling company may be: Payroll is often slow,…
How Do Tax Liens Affect Your Credit Rating?
Do Tax Liens Affect Your Credit Rating? This is a trick question. The Positives: Tax liens currently do not affect your credit score. Because of the Equifax case back in 2018, the credit bureaus stopped including tax liens on credit reports as derogatory history. Note: Before 2018, yes, tax liens definitely were…
Tax Law Offices is Ready for New Year‘s Changes at IRS (2024)
Tax Law Offices is Ready for New Year‘s Changes at IRS (2024) Orlando: We constantly improve our tax lawyers and technical support staff. This time the training conference was in Orlando FL, which is one of the most fun places in this country! Lots to do, lots to see. And there was a lot…
IRS’s Top 3 Targets for Small Biz Owners (2024)
IRS’s Top 3 Targets for Small Biz Owners (2024) Let’s talk about the Top 3 Targets the IRS is very concerned about coming into next year. Spoiler alert: each is related to payroll. #1 – Worker Classification (Form 1099 or W-2) You may have workers for whom you report earnings on Form…
2023 Best Tax Resolution: $800K Income to $200/ Week Payment
2023 Best Tax Resolution: $800K Income to $200/ Week Payment Tax Law Offices recently had a client who worked as a truck driver. He hadn’t filed tax returns or paid his taxes since 2015, and he was terrified he was going to be sent to prison. Once he hired us, we immediately went…
Tax Law Offices Receives BBB Complaint Free Award!
Tax Law Offices Receives BBB Complaint Free Award! Tax Law Offices once again reached an annual milestone – the BBB Complaint Free Award for 2022. This honor is awarded to those companies that show the highest level of customer care in avoiding complaints through the Better Business Bureau (BBB). At Tax Law…
6 Red Flags That Can Trigger an IRS Audit
6 Red Flags That Can Trigger an IRS Audit The thought of having their tax return audited by the IRS is a huge fear of many Americans. Realistically, the odds of being audited are pretty low. Still, have you ever wondered what causes some tax returns to be audited and not others? …
Happy Holidays!!
Happy Holidays!! With so much focus on our Tax Matters practice, sometimes we forget just to stop to say THANK YOU! You have been a part of our year, no matter whether you’re a client, business owner, fellow accountant, or fellow lawyer. Our Tax Law Offices have enjoyed helping solve IRS tax problems for you and…
Business Owners – Beware of Employee Retention Credit Scam
Business Owners – Beware of Employee Retention Credit Scam Business owners beware, you could become the victim of a new scam. Here is what you need to know. This new scam involves the Employee Retention Credit. The Employee Retention Credit (ERC) was created to encourage businesses to keep paying their employees during the…