Tax Balance Due: 3 Steps to Address IRS Tax Notice CP14

Unfortunately, filing your tax return isn’t always your only contact with the IRS for the year. Despite tirelessly collecting and preparing your small business's tax information, sometimes, mistakes happen. If the federal tax agency...

What Your Small Business Needs to Know About Collecting Sales Tax Online

E-commerce has been a crucial sales channel for thousands of small businesses across the country, but on June 21, 2018, the Commerce Clause finally altered how businesses collect sales tax online. The Supreme Court ruled...

The Truth About the IRS’s Private Debt Collection Agencies

In a change implemented last year, the IRS called for backup from the private sector. This means that these four companies could be coming after your tax debt in lieu of the IRS. As...

How to Utilize Drop Shipping and Maintain Sales Tax Compliance

Drop shipping can facilitate order fulfillment at any time of year, especially during the busy seasons. Unfortunately, drop shipping can also complicate sales tax compliance. With drop shipping, a retailer purchases product from a supplier...

Filing Sales Tax: The 7 Most Common Mistakes and How To Avoid Them

Despite the notoriously complex nature of filing sales tax, it’s easy to be lured into a false sense of compliance. Many small businesses relegate sales tax to the back office or the bottom of...

Win at Taxes: Classify your Small Business as a Pass-Through Entity

Across the country, CPAs are crunching (and crunching, and crunching) numbers to assess how their clients can benefit from the new tax reform law. And for small business owners, becoming a pass-through entity is...

Why Using Sales Tax Revenue as Working Capital Could Destroy your Small Business

There’s an urban myth among many businesses that goes something like this: “I collect sales tax, therefore it’s OK to use it from time to time to run my business.” However, this line of...