by Emelia Mensa | Uncategorized
Key Takeaways Missing documentation shifts the burden of proof to you. Without a receipt or digital log, the IRS can legally disallow business deductions, resulting in higher taxable income and unexpected penalties.Commingling personal and business funds is...
by Emelia Mensa | Uncategorized
Key TakeawaysFederal law protects you from being fired because of an IRS wage levy. A tax levy takes from your wages. A federal tax lien secures the IRS’s claim against your property. A wage levy can still create workplace tension and cash flow...
by Emelia Mensa | Uncategorized
Key TakeawaysRemote work can lower overhead, expand your hiring pool, and improve flexibility. But it can also create multi-state tax and payroll compliance issues. In-person work can improve training, supervision, and team cohesion, but it often comes with...
by Emelia Mensa | Uncategorized
Key TakeawaysHow long you keep a document depends on what it is, which law applies, and sometimes your state’s rules as well. A practical baseline is to keep general personnel records for at least two years, payroll tax records at least four years, benefits...
by Emelia Mensa | Uncategorized
Key TakeawaysYour federal tax refund can be taken to pay certain debts, including past-due federal taxes, state taxes in some cases, child support, and other qualifying government debts through the Treasury Offset Program. Private creditors generally cannot...
