Category: Uncategorized

What Kind of Records Should You Keep for Your Business Income and Expenses?

Posted on by AmAdmin

You may choose any record keeping system suited to your business that clearly shows your income and expenses. It can be as simple as a calendar showing business income earned each day and business expenses paid each day or they may be a detailed accounting system. The system of records should include enough information to […]

Read More… from What Kind of Records Should You Keep for Your Business Income and Expenses?

Payroll Tax Delinquency Penalty

Posted on by AmAdmin

You are required to pay penalties for undeposited or unpaid employment taxes, and for late payroll tax returns. The IRS will calculate separate penalty for each type of delinquency, and then add up the penalty for each and combine them to determine the total amount. Liability and negligence penalty for taxes not withheld at all. […]

Read More… from Payroll Tax Delinquency Penalty