During an audit, the IRS reviews your business’s financial records. The IRS wants to know you reported correct information on your tax return. And if the IRS finds discrepancies in your records, you could face penalties or fines. Do you know the key indicators that make you more susceptible to an I Read More
Savvy online sellers know that one key way to grow their business is to expand into selling on multiple channels.

Learn why sales tax is so difficult for multichannel sellers in the first place and how to tame taxes for good. Read More
Sales tax can be one of the more confusing and complicated regulatory aspects of running your business. Here are 10 things you might not know about it! Read More
Various VAT schemes are available for businesses. Depending upon the turnover and a few other aspects, businesses can select the ones best suited for their requirements. Read More
Over the years, the UK economy has been witness to a steady increase in the number of registered businesses. A number of VAT registration schemes are available for businesses and the Cash Accounting Scheme is one of them. It is a hassle-free scheme for businesses and has a number of advantages. Read More
Fraudulently filed tax returns are becoming more common each year. Follow these steps to reduce your risk of ID theft and know what to do if your information is used in tax fraud. Read More
Floods, fire, theft, accidents. All unfortunate and expensive events, but you may be entitled to a tax deduction for losses suffered. While these deductions won’t necessarily make you whole, they will help ease some of the financial burden. Read More
There are now more than 11,000 sales tax jurisdictions across the U.S. Complying with this complex jurisdictional matrix, each with its own set of rates, regulations and forms can be nothing less than a nightmare for smaller ecommerce businesses. Read More
While IRS audit rates are down considerably and the chances that you’ll be examined are small, recognize that there are still thousands of small business owners audited each year. Even though tax season is now over, here are three IRS hot button issues for the coming year, why you should avoid th Read More

VAT: Sellers' Guide

Avatar Posted by companywizard under Taxes
From http://visual.ly 3134 days ago
UK VAT registered seller’s guide concerning all VAT related transactions. Seller’s responsibilities, certain VAT rates and how to calculate VAT-inclusive and exclusive prices are highlighted by the infographic. Read More
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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!