Auditors with the Internal Revenue Service (IRS) use publications called audit technique guides (ATG) to help prepare them to conduct a tax audit. Under IRS regulations, businesses can use the same guides to check for compliance. The IRS offers ATGs in multiple categories such as type of business and special situations. Common examples of the [...]
The Internal Revenue Service (IRS) expects all employers to withhold certain taxes from employee paychecks and to remit payroll tax deposits on time. However, there's more to running payroll than determining how much to pay each person and handing out checks. After calculating taxes and submitting payroll tax deposits to the proper authority, you [...]
If you own a small business, it's vital that you have an intimate understanding of your numbers. Accounting is the study of how this data is gathered and reported, but there is, interestingly, more than one way to do this. Your business not only makes its financial decisions based on accounting data, but outside agencies [...]
While all business owners want to earn as much profit as possible, they aren't always sure of the best and smartest ways to do so. Perhaps you can relate to having a strong desire to create profitable business goals for your company but only a vague idea on how to set and execute them? Chicagoland [...]
