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IRS Collections Statistics

As the IRS attempts to collect from more taxpayers, the reasons why are pretty clear. The amount of taxpayers owing money has been increasing for many years. In 2005, there were 6,478,000 accounts in collection.  That amount has increased to over 14,000,000 in 2017!...

DO YOU HAVE UNFILED TAX RETURNS?

Did you know that there are over 7 million taxpayers that haven’t filed their returns?  That’s a lot of money that the IRS now wants to collect. If you fall in to this category, you’ll be receiving notices from the IRS telling you to get compliant....

Tax Law Changes for Business Owners

Most of you have heard by now that the 2018 tax law is now in effect. What do those changes mean for your small business?  Over the next few weeks, I will be posting about some of these changes and how they will impact you and your business. There are two changes that...

Are You Running Your Business with Real Time Data?

One of the greatest advancements in cloud technology has been the addition of real time bank feeds.  These feeds allow your accounting software to connect to your bank and creditors so that information can be reviewed as it occurs. Why is this so significant?  First,...