Any small business owner can tell you about the payroll tax nightmare. Some financial set back keeps a business owner from being able to make their payroll taxes, and then the letter from the Internal Revenue Service arrives. Shortly thereafter, a Revenue Officer pays a visit, and it begins.
Most payroll tax problems stem from mistakes [...]
1. Payroll taxes are essentialNo matter how you spin it, there is no exception for unpaid payroll taxes. As a business owner or employer, it is your responsibility to be aware of any and all payroll tax deposits that need to be made for your employees.
2. IRS collections can get aggressiveThe IRS is especially aggressive [...]
Continue reading about 10 Important Facts About Payroll Tax Problems
The costs of goods, materials or services purchased by a business which are for private use are not allowable for tax purposes. The disallowed element also applies to goods and materials bought for business use which are subsequently used for private use.
Payments made by the business for none business work are not allowed.
A limited company [...]
Continue reading about Avoid UK Tax Problems by Knowing What Business Expenses are Disallowed