Restaurants are frequent targets of New York sales tax audits because they often involve a mix of cash sales, credit-card transactions, point-of-sale systems, food and beverage purchases, tips, complimentary meals, takeout sales, and other transactions that can be difficult to…
When a calendar year is drawing to a close, you must both look backward and ahead for purposes of tax planning. First, you must take all necessary steps prior to the end of the year to ensure that you can…
There may be times when you have overlooked something on your tax return that actually goes against you and was in favor of the IRS. Alternatively, you may realize that you have not reported all of your income and could…