Employ your children and get a tax deduction
Business owner clients often ask me about putting their children on the payroll. It’s a common strategy that can really save money depending on the number of children you can employ and how much you can reasonably pay them. Self-employed…
IRS First-time Penalty Abatement PRM CPA Lafayette, LA
Did you receive an IRS notice assessing penalties? If so, time out. You may qualify for the IRS’ first-time penalty abatement (FTA) waiver. The FTA is an administrative waiver that the IRS grants to taxpayers providing relief from failure to file,…
