IRS

What are general record retention guidelines for business taxpayers? While a business’s recordkeeping system will be unique to its situation, below are some general guidelines regarding tax-related records. Canceled checks for tax payments – Permanent Correspondence from IRS/taxing authorities – Permanent Depreciation schedules – Permanent FUTA/FICA/SUTA/income...

[video width="640" height="360" mp4="https://secureservercdn.net/166.62.108.22/b7e.d97.myftpupload.com/wp-content/uploads/2019/06/social-security.mp4"][/video] While you can start Social Security payments at age 62, your monthly checks are reduced if you begin collecting benefits at this age. To claim your full benefit you need to sign up for Social Security at your full retirement age, which...

As the year is winding down, it is time to start thinking about some tax planning. [caption id="attachment_18421" align="alignright" width="200"] JONATHAN M. DEHOEK Associate, EA | Tax and Audit Specialist[/caption] Business owners as you know your income and expenses can fluctuate from year to year.  Now is...