Not only is a Texas Workforce Commission (TWC) Unemployment Claims Hearing not something to fear but it’s something to expect — even if you do everything right. If you have employees, you will get audited. It’s just a matter of time. In some ways that’s good because it says that someone is watching. [Read more…]
In 1789, Benjamin Franklin said in a letter that there are only two things you can be certain of death and taxes.
He was certainly right about the taxes. Especially sales tax. We are hearing from clients and accountant colleagues about the increase in sales tax audits. These are turning out not to be friendly, let’s talk audits but somewhat nasty, prove you’re innocent audits where the assumption is that your business is not paying what it should.
The real issue is not whether you’re paying but whether you’re collecting, then paying. Since that’s what you are really doing. You’re the Sheriff of Nottingham and Prince John wants his due. [Read more…]
I’ve said for years there’s a problem. The issue of the Bush tax cuts just points this out in spades.
I saw Keith Olbermann’s Countdown program, “Small in Name Only” on MSNBC on September 22, 2010, about the “kooky” (their word not mine) definition of small business. It isn’t weird, it’s just flexible as the Small Business Act intended it to be. Maybe it needs work. I certainly think so.
This is what the SBA (Small Business Administration) says on the FAQs page of their website. You can check me out on this.
“Size standards define the maximum size that a firm, including all of its affiliates, may be to participate in federal government programs that are reserved for small businesses. The Small Business Act states that in determining what constitutes a small business, the definition will vary from industry to industry to reflect industry differences accurately.” [Read more…]