Greenleaf Accounting

Virtual Bookkeeping & Accounting Services

(814) 450-0072
  • Email
  • LinkedIn
  • RSS
  • Twitter
  • Home
  • Services
  • About
  • Testimonials
  • Blog
  • Contact

More Sole Proprietor Audits Coming

April 13, 2010 by Deb Howard Greenleaf

According to a recent report by the IRS, auditors are going to be stepping up their audits of sole proprietors, looking for unreported income and unfiled tax returns. In addition to searching for unreported income, the IRS will be looking for sole proprietors who did not file required employment tax returns or information returns. How to prepare your business in case the IRS comes knocking?  It … [Read more...]

Filed Under: Best Practices, Small Biz Taxes Tagged With: audit, IRS, prepare, sole proprietor

What's Your Audit Risk?

March 9, 2010 by Deb Howard Greenleaf

The IRS just published their IRS Enforcement and Service Results for their fiscal year 2009.  Based upon this new data, the higher your income, the more likely that you'll receive a letter from the IRS asking for additional information or tax payments.  A correspondence audit of this kind is often triggered when you forget to report all of your 1099 payments, including "freelance" payments that … [Read more...]

Filed Under: Small Biz Taxes Tagged With: audit, IRS, tax

Browse by Topic

  • 1099 Reporting
  • Best Practices
  • Bookkeeping
  • Greenleaf Accounting
  • New Business
  • Quotations
  • Small Biz Taxes

Recent Posts

5 Best Practices for Invoices That Get Paid Faster

We're excited to introduce a few new voices with the first in a series … [Read More...]

How to Pay yourself as an S-Corp

If your business is set up as an S-Corp (or an LLC with an … [Read More...]

Is an S-Corp Right for Your Business?

With all the recent tax shakeups, more and more small businesses are … [Read More...]

Estimated Quarterly Taxes Due Soon!

It's that time! The deadline to pay your fourth estimated tax payment … [Read More...]

© 2022 Greenleaf Accounting Services · Privacy Policy · Terms and Conditions · Website By Format Creative