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July 2012 Archives

Audits of Small Business Often Unproductive, IRS Acknowledges

In the traditional children's story of the "boy who cried wolf," an attention-seeking adolescent raised too many false alarms about dangers from a threatening beast. Because he had been wrong so many times before, the boy ended up not getting the response he needed when he truly was in danger.

Small Business Owners and Payroll Taxes

If you own a small business, you know you have to be careful about payroll taxes and other tax-related aspects of your company. Even if someone else handles the payroll taxes, it is possible for the business owner to be held personally liable if those taxes are not paid to the Social Security trust fund.

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