How Long Should You Keep Your Records

How Long Should You Keep Your Records

  HOW LONG SHOULD YOU KEEP YOUR RECORDS? The Answer is Disturbing How long should you keep your tax records? I’ve been asked this a million times, and my standard answer is relatively simple. The general rule is that Code section 6501(a) gives the IRS just three...
Missouri Voters Reject Sales Tax Plan

Missouri Voters Reject Sales Tax Plan

  MISSOURI VOTERS REJECT SALES TAX PLAN Uncertainty Causes Voters to Embrace the Devil They Know Voters in Missouri had a rare chance to free themselves from the hassle and costs of the state’s personal income tax. Sadly, they rejected the move. The state...
What To Do When a Business Fails

What To Do When a Business Fails

SPECIAL REPORTWHAT TO DO WHEN A BUSINESS FAILS The Step-by-Step Process for Shutting Down Operations Small businesses are the backbone of the American economy, and while the definition of “small business” is somewhat nebulous, we all know one when we see one....