This article was published by the IRS. As the old saying goes: When something sounds too good to be true, it probably is. Taxpayers with outstanding tax bills might be tempted by businesses who advertise and offer to help them reduce their tax debt. These businesses, often called Offer in Compromise mills, make huge claims about [...]
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You can get ready now to do your taxes. You can always visit IRS.gov/getready any time for more information. Here are five things you can do now to make filing your taxes go smoothly: Set up an IRS Online Account at IRS.gov/account. Here you can access your tax records. You can make and view payments. You [...]
Massachusetts follows most federal laws for small businesses. The majority of small businesses are sole proprietorships. A sole proprietor is an unincorporated business with one owner who pays personal income tax on business profits. A sole proprietor will complete Schedule C. Schedule C acts as a profit or loss statement for your business and is a [...]
Tracking your sales and key performance indicators (KPIs) is crucial if you want to save time and grow your business. You need to know how to track your progress toward achieving your business objectives. Looking at things like revenue and profit on a balance sheet can only take you so far; you should continually seek more [...]
