Remove Account Remove accounting online Remove tax accountant
article thumbnail

IRS to Host Virtual Focus Groups on the Business Tax Account Online Tool

CPA Practice

If you’re a business owner or a tax professional who represents one, the IRS wants to hear from you. 22 that it’s conducting virtual focus groups starting in December to gather feedback on the business tax account (BTA) online self-service tool. “We The agency said in an email on Nov.

article thumbnail

Why you should register for CRA and RQ My Business Account (and how to do it)

Ronika Khanna CPA,CA

The upfront investment has resulted in significant cost savings for CRA/RQ (postage costs alone have dropped dramatically) while improving accuracy and perhaps most importantly increasing the effectiveness of tax collection efforts. Book a consultation to get your tax questions answered and receive advice customized to your unique situation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

By keeping your books up-to-date, you can be confident that you are reporting your income and expenses correctly, paying the proper amount in taxes, and paying your estimated taxes in a timely manner, which produces a stress-free tax season. Pay Self-Employment Tax. Pay Quarterly Estimated Taxes .

Tax 59
article thumbnail

What happens if you get audited and don’t have receipts?

xendoo

Since most vendors use online invoicing and billing systems, they’ll have copies of your records. Find checks, credit card, or bank account statements If you’re unsure where you made a purchase or can’t contact them to provide copies, search through old checks, bank, and credit card statements.

audit 52
article thumbnail

What happens if you get audited and don’t have receipts?

xendoo

Since most vendors use online invoicing and billing systems, they’ll have copies of your records. Find checks, credit card, or bank account statements If you’re unsure where you made a purchase or can’t contact them to provide copies, search through old checks, bank, and credit card statements.

audit 52