Why does the Internal Revenue Service audit some small businesses and leave others alone? Sometimes it’s a chance, but other financial practices, such as misreporting income, create audit triggers and trouble for small businesses. Learn about six small business audit...
The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings or else! The passage of the American Rescue Plan in March 2021 means the threshold for 3rd party processors to report transactions to the IRS reduced from...
Setting up a small business is hard but even harder when choosing the right entity structure. Significant differences exist in a corporation, a partnership, a Limited Liability Company (LLC), or an S-Corporation. Which Small Business Legal Structure is Right for You?...
