The US Tax Code allows many deductions to reduce taxable income. Some taxpayers won't take a deduction simply out of fear that they will be audited. Keeping good records and documentation goes a long way in reducing the anxiety of the possibility of being audited.
If I kept bad records, I, too, would always be worried about being audited. Generally, if the IRS questions one of your deductions - no documentation, no deduction. Setting up a good tax recordkeeping system can not only save you tax dollars, it can also reduce a lot of unnecessary anxiety.
Tuesday, June 21, 2005
Thursday, June 16, 2005
Important Tax Dates
Missing an important tax deadline can be really irritating. Click on the following link for a list of important tax dates:
http://www.warrioracs.com/TaxImportantDates.html
Tip: List them on your calendar so they don't sneak up on you.
http://www.warrioracs.com/TaxImportantDates.html
Tip: List them on your calendar so they don't sneak up on you.
Wednesday, June 15, 2005
Small Business Payroll Solution
Payroll can be a very time-consuming and expensive process for the small business owner.
Please take a moment and ask yourself these three questions:
1) Is doing your own payroll taking time away from running your business?
2) Are you spending too much money on costly payroll service bureaus like ADP and Paychex?
3) Have you had to pay a penalty because of payroll tax errors or missed deadlines?
If you answered yes to any of the above, go to http://www.warrioracs.com/Paycycle.pdf !
Please take a moment and ask yourself these three questions:
1) Is doing your own payroll taking time away from running your business?
2) Are you spending too much money on costly payroll service bureaus like ADP and Paychex?
3) Have you had to pay a penalty because of payroll tax errors or missed deadlines?
If you answered yes to any of the above, go to http://www.warrioracs.com/Paycycle.pdf !
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