Info Center Blog

We hope you find our accounting & tax blog to be informative!  Let us know if there are topics you would like to see addressed here.

Many of us clean out our closets and cabinets throughout the year donating our no-longer-used clothing and household items to our favorite charitable organization or church. Now it’s time to begin our search for the receipts or acknowledgement letters so we can include them with our tax-related documents.

The Internal Revenue Service requires documentation for certain contributions. For any contribution of $250 or more, the taxpayer must have a contemporaneous written acknowledgement of the contribution by the donee organization.

What does this mean?

Sales Tax Compliance seems to be getting even more complicated. Avalara recently released 12 sales tax tips to help small businesses achieve greater success and security. Below is a summary of the article and the full document can be found at www.avalara.com.

1.  Determine if you have created nexus within a state.

 

2.  Check if you are required to file your sales tax return electronically.

 

3.  Find out if you are required to make pre-payments.

 

Wise words we should all keep in mind, especially in today’s fast-paced, high-tech social-networking world.  If you take the bait, you are just a few clicks from revealing personal information that may inundate your inbox with spam, or worse even compromise your identity.

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