Chicago Accounting News
Unfiled and unpaid sales taxes in the e-commerce and internet retailer industry
Sales tax problems in internet retailing seem to be increasing. The economy is lousy, collections are worse than you have ever seen them, and you have a sales tax problem. Your sales taxes were due by the twentieth and you’re … Continue reading
Unfiled or unpaid payroll tax returns in the e-commerce and internet retailer industry
Un-Filed or Unpaid Payroll Tax Returns in The E-Commerce and Internet Retailer Industry One of the major reasons that E-Commerce and Internet Retailers fail in the United States is the failure to file and pay payroll taxes. This mistake is … Continue reading
My website is losing money. Do you have an e-commerce solution?
E-Commerce businesses provide special difficulties for CPA’s and Public Accountants. Let’s begin by dispelling certain falsely held beliefs. Just because your selling something on the internet doesn’t mean that you don’t have to play the game by the rules. The … Continue reading
Accounting for an e-commerce based business
This concept baffles most traditional accountants and CPAs. It also baffles most clients, believe it or not. The clients think that because it’s on the internet it should be easier. The opposite is actually true. This concept baffles most traditional … Continue reading
Income tax audits in the e-commerce / internet retailer industry of Chicagoland
It seems as if Federal and State Income Tax Audits of professionals involved in the E-Commerce / Internet industry are on the rise. Numbers published by the Internal Revenue Service, showing the results of their enforcement activities, prove that not … Continue reading
Sales tax audits in the e-commerce and internet retailer industry of Chicago
The emerging industry of e-commerce and internet retailers is a target for Sales Tax Audits. Traditionally, sales taxes are not collecting in this industry. As such, the state wants to make sure that they are being paid. As a top … Continue reading
The offer and compromise system and the e-commerce / internet retailer industry
So what does one do if we owe a lot of tax, and simply can’t pay it? If you are a professional involved in the E-Commerce / Internet Retailing Industry of Chicagoland, then you probably make more money than the … Continue reading
Handling penalties and interest in the e-commerce and internet retailing industry
If you have an e-commerce or internet retail business, penalties and interest can be a difficulty. One of the most common problems presented to Public Accounting Firms in Chicago by newer customers is the issue of penalties and interest. the … Continue reading
Unfiled income tax returns and compliance issues in the e-commerce and internet retailer industry
Compliance in e-commerce and internet retailing is essential. Generally, one of the reasons why new clients would come to a recommended small business accounting firm like ours in Chicago, would be un-filed income tax returns and compliance issues. the problem … Continue reading
