If you file your taxes electronically and allow the government to deposit your refund directly into your checking account, the Internal Revenue Service (IRS) promises to refund your money within 21 days. Before 2012, you could get the money sooner through a refund anticipation loan (RAL) offered by most tax preparers. Major lenders don’t offer […]
Read MoreFor the vast majority of taxpayers, there is not much need to worry that you will be audited. In 2016, only 0.6 percent of individual income tax returns were audited, according to the IRS 2017 Data Book. Why is this? For starters, the IRS budget has been cut, resulting in more than 2,200 fewer agents […]
Read MoreWhether you have two employees or 200, payroll is one of the most important aspects of your business’ operation. Regardless of the size of your team, collecting employee information and filing payroll can be a complicated process. The good news is that there are resources out there that are designed to help simplify your payroll. […]
Read MoreWhen people establish a small business, they are often surprised by just how much paperwork and documentation is involved. Meticulously tracking, filing and reporting all of your expenses, income sources, payroll information and other financial details can be a major drain of your time and resources. While you might be discouraged by the cost associated […]
Read MoreIf you are an employee, you get a paycheck every pay period and most likely pay little attention to your taxes until the end of the year. Your employer does a lot of the work for you, and you get a W2 in January like clockwork. However, if you are a freelancer or are self-employed, […]
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