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November 2012 Archives

Texas sales tax audits: the importance of recordkeeping

Collecting sales tax from customers and making sales tax payments to the government can be a logistical challenge for many businesses. This is particularly true of small businesses, which do not always have the accounting personnel and other staff to handle sales taxes easily.

Year-end tax changes, part 2: focus on your goals

It's been two weeks after the election and it is only six weeks before the end of the year. But it still remains to be seen what tax changes Congress might make to address the combination of automatic spending cuts and tax increases included in the short-hand phrase "fiscal cliff."

Year-end tax changes looming

We've heard over and over that it's coming: a "fiscal cliff." The dramatic phrase has become so common in government circles that it's become unavoidable. And no one doubts that the expiration of numerous tax cuts at the end of the year could profoundly affect individual income taxes.

Is your personal data safe with the IRS?

In a tax system based on voluntary compliance, it is crucial that taxpayers the IRS offer sufficient security for personal data submitted by taxpayers. If the agency does not keep such data safe from snooping or hacking, it would fairly quickly threaten the integrity of the entire tax system.

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