Penalties for Tax Evasion
A Real-Life Example of Tax Evasion. As a result of an IRS criminal investigation, a Shreveport, Louisiana business owner was sentenced on September 29, 2020. Penalties for tax evasion included 3 years and 4 months in prison and nearly $2 million in restitution payments to the IRS. According to documents and information provided to the […]
“AUDIT-PROOF” YOUR BUSINESS WITH ONLINE RECEIPT CAPTURE FROM QBO
If you are a business owner, you know how important it is to track your expenses. You are probably also aware that keeping track of your money is becoming more and more difficult in our fast-paced digital world. The online receipt capture feature by QuickBooks Online makes this as easy as possible. When it comes […]
HIRING FAMILY MEMBERS
Hiring family members can be a great planning strategy for any small business. It allows the family and the business to save money on taxes. And, it offers loved ones the opportunity to share in the success of the family business. There are several different scenarios to discuss while considering this valuable planning strategy. Hiring […]