Handling your business relationship with the IRS

Join us this week for episode 69 of the Small Business Show!

Dave and Shannon talk about Dave’s new business venture, then skip straight to Part 2 of their series of tips for dealing with your company’s tricky relationship with the IRS. Things like the importance of incorporating a human element into the relationship, getting advice BEFORE you need advice, and more insight into how to turn a potential problem into another challenge that you will overcome.

When you have the pleasure of going through an IRS audit, Shannon spends some time discussing how the IRS will audit you in addition to your business. Any contact you have will either be a positive opportunity or a reason for the IRS to delve deeper into your business. You want to make sure your lifestyle is in line with your tax returns. Listen to find out more.

Finally, we talk about the important payroll tax and how not to go astray in managing these funds, and we wrap up the show with tips on how to decide if your independent contractors are actually employees and the importance of manage the sales tax that you have in your state.

Would you like to get involved and share your experiences? Text us or leave us a voicemail at 401-472-4249. We’d love to hear from you!

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