Value-added Tax (VAT) and sales tax are both consumption taxes assessed on the consumer at point of sale. The difference between VAT and...
Tax Issues Archives - CFOShare
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...
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...
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...
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...
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 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...
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...
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”...
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...