by GruffyGoat Team | Sep 27, 2012 | Uncategorized
If you’re a retail business subject to sales tax, you will want to be especially prepared for an audit, since many states are looking to sales tax audits to increase revenue. With the popularity of internet sales and multi-state commerce, it’s easy for a...
by GruffyGoat Team | Sep 21, 2012 | Uncategorized
The economy is slowly recovering from the recession, but there are still many people who are underwater on real estate and other loans. One solution that can be a good option for some people is to modify, or restructure, the debt. But there are tax consequences you...
by GruffyGoat Team | Sep 20, 2012 | Uncategorized
Telling customers or clients in December that they don’t need to pay until January doesn’t necessarily mean you won’t be paying taxes on that income in the current year, even if you’re set up on a cash basis. The IRS holds that if you had a...
by GruffyGoat Team | Sep 17, 2012 | Uncategorized
Keeping good records and attention to detail in your financials and tax documents is the best way to prepare for an audit. It can make a $19 million difference, as was illustrated in May of this year when the Tax Court refused Joseph Mohamed, a California...
by GruffyGoat Team | Sep 14, 2012 | Uncategorized
How many of you still receive actual canceled checks from the bank? In today’s modern world, most banks are no longer sending canceled checks. Instead, they’re sending scanned images of the checks in bank statements. Some banks aren’t sending even...
