Jan 15, 2015 | Arizona Individual Tax Credits, Business Taxes, Filing Taxes, Tax Reporting
Retailers in the state of Arizona have to collect a sales tax of 5.6 percent on all goods and services sold. However, this is only the beginning, as the issue of sales tax is notoriously complex and can create headaches for even the most conscientious business owners....
Dec 29, 2014 | Business Taxes, Tax Reporting
All responsible persons (usually the owner of the business) have personal liability for payroll taxes, and excuses are rarely accepted. For example, you can’t claim you have been duped by your bookkeeper, because they don’t have personal liability. Charles Colosimo...
Dec 5, 2014 | Business Taxes, Filing Taxes, Information Return, Tax Reporting
Tax Mistake If you make a mistake on your information return, you need to file for a correction as soon as possible. You will need to read more on amending mistakes at the IRS website. Alternatively, you can get in touch with an accountant today and ask for advice....
Dec 5, 2014 | Business Taxes, Filing Taxes, Information Return, Tax Reporting
If you believe you will be late when it comes to filing your information return, ask for a 30-day extension by submitting Form 8809. You can also make the request in writing to the IRS office in Kearneysville, West Virginia. Get Professional Accounting Help! For...
Dec 5, 2014 | Business Taxes, Filing Taxes, Information Return, Tax Reporting
Information return reporting requirements have been in place for many years, but the IRS has recently become stricter when it comes to enforcement. Penalties for late filing have been significantly increased, and you could now be hit with a $200 fine for a late or...
Dec 5, 2014 | Business Taxes, Filing Taxes, Information Return, Tax Reporting
There are different information returns for a variety of transactions. The process can be confusing; for example, there are 12 1099 forms that are all used for different purposes. It is a good idea to look for advice from a respected accountant in Arizona if you don’t...