When you're able to confirm your eligibility for the IRS Fresh Start Program, you’ll want to work with a trusted tax relief expert to get you through the process of applying. A single mistake in filing could be the difference between receiving the supportive relief you deserve, and a full due balance from the IRS.

The IRS Fresh Start Program is designed to lend flexibility to unintentional tax offenders. And while there are many positive attributes to the program, talk around it has led to some common misconceptions about what the program can and can’t do for you. In this article, we'll debunk some common myths surrounding the IRS Fresh Start Program and leave you better informed on your options going forward.

The Biden Administration has announced its proposition to hire 87,000 new IRS workers in a move to crack down on those cheating the tax system.

The newly released “tax compliance agenda” is part of a federal plan to bolster enforcement efforts and recover billions of dollars in uncollected tax revenue each year. The Administration has made it clear that enforcement efforts will focus on individuals and corporations with higher incomes and profits, but all taxpayers, particularly small businesses owners, must be aware of this initiative and understand how it affects them. 

There’s little that’s more ominous to your small business than an IRS audit. The contact is unavoidable, but it doesn’t have to put you in a panic. Audits are often random, and, if you’ve been honest on your filings and kept good books, the process should pass with relative ease at the hands of a trusted tax advocate. 

For U.S. taxpayers who have fallen behind on tax payments due to neglect or refusal to pay, the IRS has the option to place a lien on your property.

While not as severe as a levy—where the IRS actually seizes your assets—a lien is still not something to take lightly. 

Bookkeeping is a necessary and inevitable part of running a business, but it’s not something you have to do yourself. Many small businesses decide to outsource the task to a professional. 

This post details outsourced bookkeeping services for small businesses and the benefits of delegating this task to a third party.

Unless you’re in the accounting or tax preparation business, doing the books and paying taxes probably isn’t what you love—it’s just part of the job.  But it’s essential. 

This post provides a general overview of small business bookkeeping and small business taxes and gives you tips for handling them effectively so you can spend more time doing what you do best.