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Making Large Cash Transactions? Know the Consequences.

Making Large Cash Transactions? Know the Consequences.

Large Cash Transactions May Lead to Back Tax Debt As the old saying goes, more money, more problems. And if you’re paying for or getting paid in cash, you could be putting a big X on your back and become an IRS target. Dealing with cash is convenient. It cuts down on trips to theContinue Reading

Self-Employed (1099) Taxes

Self-Employed (1099) Taxes

What does “Self-Employed” mean? The answer seems obvious, right? Remember: there are no stupid questions; when it comes to the IRS, things are rarely intuitive. If you’re running your own unincorporated business, the IRS considers you a sole-proprietor regardless of any other filing status, and you’ll have to file a Schedule C to report howContinue Reading

Bookkeeping, Payroll and Tax Preparation Under One Roof

Bookkeeping, Payroll and Tax Preparation Under One Roof

How Did No One Ever Think of This Before? In business, owners have many decisions to make when running the day-to-day. Some like to take on all the responsibility for themselves, while others seek outside help. It has been proven time and time again that those “Do It Yourself” types have a tendency to getContinue Reading

Should You Outsource Your Bookkeeping?

Should You Outsource Your Bookkeeping?

Like the Rolodex and the Typewriter Before Them, In-House Bookkeepers are Becoming the Next Unnecessary Small Business Need on the Chopping Block As business technology advances, the way business was done in the past becomes more and more obsolete. Business owners have long been done with pagers, filing cabinets and messenger services; having replaced themContinue Reading

Good Bookkeeping and Payroll Could Save Your Business

Good Bookkeeping and Payroll Could Save Your Business

Blue Tax has always been known as the “Life Boat” company when someone is struggling with a tax issue. But now, due to the overwhelming demand, Blue Tax has become the first NATIONAL Bookkeeping Firm. And in addition, Blue Tax has also opened a brand new Blue Tax Payroll division. “The one thing that weContinue Reading

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