Tax Issues Archives

Will new IRS funding increase small business audits?

The recently passed Inflation Reduction Act includes $80B in new IRS funding over the next ten years, earmarked for increased tax enforcement, technology investments, customer service, and other...

Tax Issues

How Understanding Sales Tax Can Help Your Business

Think your business is too small to worry about sales taxes? Think again. Ever since Wayfair v. South Dakota, small business sales tax has been an issue you...

Small Business, Tax Issues

Time to pay your SS tax deferral!

Remember that flurry of CARES act tax credits, stimulus, and tax deferrals? There was lots of free money in the CARES act, but one component needs to be...

Covid-19, Tax Issues

What is DR 0004?

Business owners in Colorado received an email Wednesday advertising the new DR 0004 form. What is DR0004? TLDR, it is a complex payroll tax election that is not...

Small Business, Tax Issues

Sales Tax for CBD

As cannabis business, you want to know, are CBD products taxable? The answer: yes. Since the 2018 South Dakota vs Wayfair, Inc ruling, the tax code declares that...

Startup, Tax Issues

The Biden Tax Hikes for Small businesses

Last March, I published an article reviewing the small business impact of the then-leaked Biden Tax Reform proposal. This week House Democrats released their summary proposal to the...

Strategy, Tax Issues

What increased tax enforcement means to small business owners

President Biden’s “American Families Plan” is scheduled to be funded in part by an estimated $700 billion in additional tax enforcement over the coming decade. In his first...

Management, Small Business, Tax Issues

How Biden’s tax reforms affect your small business

Information about tax changes the Biden administration is considering leaked yesterday, creating some big headlines in media. “First major tax hike since 1993” according to Bloomberg. As a...

Strategy, Tax Issues

Understanding Small Business Taxes in 2021

It is a new year and new set of small business taxes. This year will be particularly complex as provisions from the CARES act unwind and the sales...

Small Business, Tax Issues

What Are the Differences Between Bookkeeping and Accounting?

Bookkeeping and Accounting are part of the same profession and are often confused as the same thing, however they are different activities. Bookkeeping is transactional and administrative record...

Bookkeeping, Small Business, Tax Issues

Tax Issues Archives - CFOShare

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