Bartering may be cash-free, but it’s not tax-free

Bartering might seem like something that happened only in ancient times, but the practice is still common today. And the general definition remains the same: the exchange of goods and services without the exchange of money.

Now’s a great time to purge old tax records

Whether you filed your tax return by the April 15 deadline or you filed for an extension, you may be overwhelmed by the amount of documentation involved. While you need to hold on to all of your recent tax records for now,

Business Owners: When it comes to IRS audits, be prepared

If you recently filed for your income tax return (rather than filing for an extension) you may now be wondering whether it’s likely that your business could be audited by the IRS based on your filing.