Does Tax Debt Affect Credit Score?

Does Tax Debt Affect Credit Score?

Not paying taxes won’t directly impact your credit scores, as the IRS doesn’t report to credit bureaus. However, if taxes go unpaid, the IRS can place tax liens on your property. This action may strain your financial resources, making it harder to pay other bills or...
How Can Small Business Owners Prepare For Tax Day?

How Can Small Business Owners Prepare For Tax Day?

Business owners face countless challenges on the road to success—whether it’s attracting top talent, controlling expenses, or discovering the best avenues for growth. Among these challenges, one that often looms large is filing taxes. Regardless of the type of...
What Are The Most Common IRS Penalties?

What Are The Most Common IRS Penalties?

Businesses invest significant time and resources in crafting strategies to reduce their tax bills. However, many tend to overlook one of the simplest methods to cut their tax burden — ensuring taxes are accurately filed, fully paid, and submitted on time. While this...
How To Handle IRS Tax Debt For Small Businesses?

How To Handle IRS Tax Debt For Small Businesses?

Small businesses struggling with tax debts face the intimidating reach of the IRS, which has numerous strategies at its disposal to recover unpaid taxes. These methods could threaten the survival of your business if not handled carefully. From levies on bank accounts...
How Are Education Expenses Deducted Under U.S. Tax Law?

How Are Education Expenses Deducted Under U.S. Tax Law?

Tax Law allows for deductions on certain education-related expenses, and with the back-to-school season comes a wave of spending on essential supplies. But did you know some of those expenses might be tax deductible? In this guide, you’ll learn what specific...
Corporate Tax Strategies

Corporate Tax Strategies

The recent hike in the UK’s Corporation Tax basic rate has significantly heightened the tax challenges for many businesses. Now more than ever, it’s crucial for companies to find effective methods to trim their Corporation Tax liabilities and pay only...