Chicago Accounting News
The offer and compromise system and the recycling 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 Recycling Industry of Chicagoland, then you probably make more money than the average factory worker. … Continue reading
Handling penalties and interest in the recycling industry
If you own a recycling business, penalties and interest can become expensive. One of the most common problems presented to Public Accounting Firms in Chicago by newer customers is the issue of penalties and interest. the assessment of penalties and … Continue reading
Unfiled income tax returns and compliance issues in the recycling industry
Compliance in the recycling industry 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 with … Continue reading
Income tax audits in the recycling industry of Chicagoland
It seems as if Federal and State Income Tax Audits of professionals involved in the Recycling Industry are on the rise. Numbers published by the Internal Revenue Service, showing the results of their enforcement activities, prove that not only the … Continue reading
Unfiled or unpaid payroll tax returns in the recycling industry
One of the major reasons that Recycling Businesses close in the United States is the failure to file and pay payroll taxes. This mistake is more common than most would suspect. You have a weekly payroll, and weekly payroll tax … Continue reading
