A 2023 audit survey revealed that nearly 34% of small businesses overpaid sales tax due to human error, missed exemptions, or outdated rate tables. Surprising? It shouldn’t be. Sales tax ...
Starting a business is exciting. But tax season? Not so much. A surprising fact: Nearly 30% of small businesses make costly tax mistakes in their first year. Filing taxes for ...
You may think your overseas savings are out of sight and out of mind. The IRS disagrees. U.S. taxpayers must report foreign bank accounts if they meet certain thresholds. Ignoring ...
Did you know U.S. companies paid $161 billion in foreign income taxes last year? Every dollar paid overseas can often offset federal liability at home—if you claim the foreign tax credit correctly. ...