Archive for June, 2008
Business Owners Personally Liable for Business Taxes?
Recently, our firm gave a talk at the local Rotary Club here in Greenville, SC. After the session, one of the members who is a financial adviser to small businesses asked about a certain part of our presentation. Specifically, he wanted to know if business owners could really become personally liable for the taxes owed [...]
Funny Tax Video: Mac Parody
I just ran across this video on Youtube. Supposed to be working…oops. Thought you would like it no matter what your political stance.
Top 5 Reasons Your Business Should Keep Good Records
I have to have this conversation with many of my corporate clients who have run into trouble with the IRS. There are many many reasons why it is important, essential, and should be required for you to keep good business records.
Keeping good records does not mean throwing all of your receipts into a box for [...]
Where Do I Stand with the IRS?
Question: My husband and I got divorced a few years ago and now I am all of a sudden getting notices from the IRS. He always took care of the household finances and taxes so I had no idea that we owed the IRS. Is there a way for me to figure out [...]
Levied without Notice
I met with a prospective client recently who was having their paycheck garnished by the IRS and didn’t know that it was coming. He was mad to say the least. Upon questioning him a little more, I found out that he had several years of unfiled income tax returns and had moved several times in [...]