by GruffyGoat Team | Jul 29, 2015 | Uncategorized
No one likes to pay more taxes than they have to. But it’s possible you may be doing that very thing. Inc.com did a recent story that detailed missed tax deduction opportunities related to business travel. Most expenses related to business travel...
by GruffyGoat Team | Jul 27, 2015 | Uncategorized
The IRS has introduced a new type of audit recently, dubbed the short-time frame audit. This type of audit severely restricts the amount of time a client has to respond after their receipt of the first examination letter before the case is closed. The CPA Practice...
by GruffyGoat Team | Jul 20, 2015 | Uncategorized
Identity theft in the US has become a very real problem for millions of people, especially when thieves use victims’ names and Social Security numbers to file fraudulent tax returns. To give the scope of this problem some perspective, the Treasury...
by GruffyGoat Team | Jul 16, 2015 | Uncategorized
The economy is recovering, but things aren’t quite back to normal after the financial crisis. A survey released earlier this year by the American Institute of CPAs (AICPA) showed that out of the 1,011 American adults included in the results, 51% reported...
by GruffyGoat Team | Jul 14, 2015 | Uncategorized
Taxes are anything but simple. We have a complex tax code with plenty of opportunities for honest mistakes. In most cases, if you’re found to be in error during an IRS audit you’ll be required to pay the taxes owed, interest, and a 25% penalty. However, if...