It is the middle of June and this very deep and tough recession has taken a toll on many small businesses and we are seeing many businesses refocusing and adjusting to become stronger and more flexible. However one thing we need to pay more attention to is that governmental entities whether Federal, State or Local are refocusing and gearing up to bring in more revenue. In the Health Care Act there is a provision to hire more Internal Revenue Service Personnel, the State of California Board of Equalization is sending notices to all business that gross over 100,000 inquiring about if they should be paying us tax, and local governments are beginning to step up enforcement of business taxes. In the area where you are located, What is the government climate like?

Comments

Popular posts from this blog

What is Fair in the Tax System?

What is the Educator Expense Deduction for 2023?

Beware of Employee Retention Credit Scams