by Andrews Tax Accounting & Bookkeeping | Nov 16, 2023 | Educational
Tips on How to Identify and Avoid IRS Scams Avoid IRS scams? I’d never fall for any tax scam, you might think. But these attacks are everywhere, and they can sometimes be hard to spot. In the last few years, scammers have targeted more than 2.4 million people in the...
by Andrews Tax Accounting & Bookkeeping | Nov 8, 2023 | Educational
BOI Regs Aimed at Cracking Down on Criminal Enterprises BOI – Beneficial Ownership Information – reporting starts at the beginning of next year. You may not have heard of it, but this new requirement is going to affect many, if not most, small business owners who...
by Andrews Tax Accounting & Bookkeeping | Sep 15, 2023 | Educational
Pay Attention to Red Flags from Shady Promoters to Avoid ERC Fraud ERC fraud – especially by aggressive operators who promise innocent companies big returns – has hit epidemic proportions. As a result, the IRS announced this week that the agency won’t be processing...
by Andrews Tax Accounting & Bookkeeping | Sep 7, 2023 | Educational
Preparing for Natural Disaster Needs to Include Keeping Records Safe for Taxes Natural disaster and taxes. One is definitely worse than the other. But even if your records are destroyed in a calamity, the IRS still wants you to file and pay taxes. Without your...
by Andrews Tax Accounting & Bookkeeping | Aug 17, 2023 | Educational
Pay Yourself! Ignoring S Corp Reasonable Compensation Has Big Consequences S Corp reasonable compensation. Just reading those words, you’re nodding off already, right? If you ignore reasonable compensation, though, it’s a red flag to the IRS. When you catch their...
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