You might have heard of tax audits; but, what’s a BOE sales tax audit? If you are in the state of California, a Board of Equalization (BOE) audit is an attempt by taxing agencies to discover revenues which haven’t been paid. This is likely to be illegal by most business owners, and in many cases, business owners conceal how much they have earned. However, in some instances, a business owner might have exempt certain earnings or revenue, and have done so innocently. Even if this is the case, a BOE sales tax audit can turn up a bad report, meaning you might be delinquent, even if revenues weren’t reported innocently.
What to do in an audit –
If you are subject of a tax audit, you already know that having an accountant by your side is one thing. Not only are they going to vouch for your earnings, they are going to work with the IRS and state tax agencies, to ensure they prove you reported all of your earnings. However, this is on the personal tax front; how about on the business end? Sure, an accountant is great. However, having a team of legal professionals on your side, is also going to make a world of difference if an audit is conducted against your business. Not only will they inform you of your rights, they are going to work on your behalf, with the state agencies as well as the IRS, to ensure your rights are preserved as a business owner.
Don’t allow taxing agencies to walk all over you –
As a business owner, the thought of a BOE sales tax audit might cause fear in the back of your mind; however, it doesn’t have to, especially if you failed to report certain revenues to the agencies and state innocently. If you aren’t sure what to do in the event of an audit, you’re going to want to have the top legal and accounting minds on your side, to work with you through the entire process.
Don’t hesitate to hire a professional. There are many reasons to consider having an accounting firm and top lawyers on your side as a business owner. If you are involved in an audit, or fear you might be subject of one as a business owner, make sure you have the best team in place to work with you throughout the BOE … Read the rest
If you’ve been paying any attention to the newspaper headlines over the last few years, you can’t have failed to notice that things are becoming increasingly difficult for many people. Households across the country are looking to put the brakes on their spending, but are finding it increasingly difficult to do so due to persistently high inflation fueled in part by soaring energy prices. In addition, many of us are working longer hours merely to keep up with the rising cost of living. This has left us perhaps more dependent than ever on a whole array of domestic appliances just to keep on top of all those everyday chores.
However, it must be remembered that domestic appliances have an irritating tendency to break at perhaps the least convenient juncture. Whether it’s your washing machine, fridge-freezer or dishwasher that’s on the blink, most householders will know just how irritating it can be when one of these devices grinds to a shuddering halt. Many families are operating to tight budgets given the current climate of financial uncertainty, and this kind of unexpected expense can really knock everything out of kilter. The first question to ask yourself when a domestic appliance breaks down is what you’re going to do next.
Although you might be tempted to go out and buy a replacement device, it’s worth considering whether this is the most economic option open to you. Indeed, it’s a choice which is sadly beyond the reach of many people in the current climate. Fortunately, there is one affordable alternative – having it repaired by a qualified professional. By leaving the device in the capable hands of a repair firm, you can save significant amounts of money and add several years to the appliance’s lifespan. This way, you don’t end up forking out for a brand new model, potentially costing yourself hundreds of pounds in the process.
In addition, it’s also worth thinking about whether having your domestic appliances checked over regularly by an engineer could save you money in the long run. It might seem at first as if this is an unnecessary expense, but having these devices serviced can help uncover any potential problems before they develop into a major fault – thereby saving you the inconvenience of a full breakdown further along the line. This means that opting not to have your appliances checked out could turn out to be something … Read the rest