You may be able to elect a tax year that suits your business; how will you choose?
The IRS requires you to maintain consistent accounting throughout your fiscal year. You must use a method that clearly reflects your income.
With only one month left in the calendar tax year, now is the time to make some strategic moves to lower your taxable income for the year.
If you’re starting a new business, you may need an EIN (Employer Identification Number) from the IRS. Here’s how to determine whether or not you need one as well as how to get it.