IRS increases audit activity with auto dealerships The IRS has recently announced in a field memorandum that it will be stepping up its audit activity with auto dealerships with respect to inventory issues. The issue here is that under the law resellers of tangible...
6 Questions to ask before starting a business Throughout America , in rural towns and large cities, companies come and go with clockwork frequency. That specialty store with the ragged sign and lousy service? It’s been replaced by a funky restaurant that serves...
Peer Review Services It’s hard to believe, but there are folks in this world who know & use other CPAs! Well, in order to stay licensed in many states, CPAs must have their practice reviewed by another CPA firm every three years. This is known as a peer review....
Profit Leaks – Plug them Up! In this economy it is important that companies are cost conscious and squeeze the maximum amount of profits from their company. Sometimes this is as simple as switching suppliers, changing how things are done, or possibly changing their...
Job Moving Expenses School’s out for the summer, and summer is a popular time for people to move – especially families with children. If you are moving to start a new job or even the same job at a new job location, the IRS offers 10 tax tips on expenses you may be...
IRS Steps up Compliance Audits in IRA areas. The IRS is about to begin a new initiative to go after taxpayers who make excess contributions to their Individual Retirement Arrangement (IRA) account or do not begin to withdraw funds from their traditional IRA account...
