Business Taxes
The open road means freedom, but the financial road can get bumpy when you must navigate IRS potholes. If you...
Shutting Down a Michigan Business With Tax Debt
When a Michigan business becomes unprofitable or starts to fail, shutting down is often the only realistic option. But when...
Michigan Sales Tax Payment Plans: How to Set One Up With Treasury
When you owe sales tax as a business owner, it’s easy to fall behind. Unfortunately, the consequences escalate quickly, starting...
Can the IRS Take My Business Assets If I Owe Personal Taxes?Â
Generally speaking, the IRS can’t go after a business’s assets when trying to collect the personal tax debts of the...
I Haven’t Been Paying Michigan Sales Tax—How Do I Fix It?
Realizing that you haven’t been fulfilling your tax obligations as a business owner is incredibly stressful, and if you’re behind...
Can You Settle Michigan Sales Tax Debt for Less Than You Owe?
Michigan businesses that fall behind on their sales tax deposits often find it hard to catch up. Not only are...
Michigan Can Revoke Your Sales Tax License for Unpaid Taxes
As a Michigan business owner or an out-of-state business owner with nexus in Michigan, you are legally obligated to file...
What to Do If the IRS Assigns a Revenue Officer to Your Business
When the IRS assigns a Revenue Officer to your business tax account, you should take that as a clear sign...
Business Closing Down? Your Personal Tax Debt Risk
If you’ve decided to close your business, you may be unsure of what happens to your financial and tax obligations....
The Traps Associated with Single Member LLCs and Payroll Taxes
A common problem facing business owners with more than one employee are the risks associated with not paying their payroll taxes. ...
Payroll Taxes: Don’t Rob Peter to Pay Paul
What options does the taxpayer(s) have to resolve the issue of unpaid payroll taxes. If the taxpayer(s) feel they are...
The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP Loans
The Paycheck Protection Program rolled out with great fanfare to help save small businesses during the coronavirus pandemic. But something...
