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Big Changes for Small Businesses

April 19, 2010Comments (0)

 Small-business owners have been operating in survival mode for at least a year – most of us have been there a little longer.  This means that all employees have been busier than ever.  It’s easy to miss important changes that affect us little folks when everyone is busy trying to manage their ever growing workload.  Here are some up and coming changes that might affect you:

  • IRS Increasing Staff for Small-Business Owners.  Let’s start with the disappointing news.  For the past 5 years, the IRS has been decreasing time spent on auditing the big boys (corporations with assets greater than $250M) and increasing their time auditing the little guys (businesses with less than $10M in assets).  So be sure that you are dotting your i’s and crossing your t’s and are working with a tax professional that you trust.  For more details please see this article from Forbes.
  • IRS Cracking Down On Internships.  Do you have unpaid interns...
Continue Reading: Big Changes for Small Businesses
Nadia Kamal
Posted by: Nadia Kamal
Posted on: April 19, 2010

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