Join us this week for episode 69 of the Small Business Show!
Dave and Shannon talk about Dave’s new business venture and then they jump right into part 2 of their series of tips about managing the tricky relationship that your business has with the IRS. Things like the importance of putting a human element into the relationship, getting advice BEFORE you need advice and more insight into how to turn a potential problem into just one more challenge that you will power through.
If you do have the pleasure of going through an IRS audit, Shannon spends some time discussing how the IRS will also be auditing YOU in addition to your business. Every contact you have will be either a positive opportunity or a reason for the IRS to delve deeper into your business. You’ll want to be sure your lifestyle matches your tax returns. Listen in for more details.
Finally, we talk about the all-important Payroll Tax and how to not go astray when managing those funds and we wrap the show up with tips on deciding if your independent contractors are actually employees and the importance of managing the sales tax you collect in your state.
Want to chime in and share your experience? Send us a text or leave us a voicemail at 401-472-4249. We would love to hear from you!