Tag Archives: Income Tax Reporting

Food for Thought at Tax Time

by Claudia Bruemmer, Guest Blogger

Tax time is coming up, and we can’t overemphasize the importance of companies big and small being able to accurately report income and expenses to the IRS. Sales Commissions are one area where IRS reporting may be overlooked and invite audits of your sales staff as well as your firm.

Just out of curiosity, how many of you reading this have the means to track and pay sales commissions? Perhaps many of you do, and that’s great ammunition to have on hand if it ever comes to a tax audit. Heaven forbid you should ever be audited – but better safe than sorry. Continue reading