Tag: bookkeeping

First Time Filing Those Taxes? What Do You Need To Know?

Tax time doesn’t need to stress you out at night… get the professional help of Sterling Accounting’s experts and rest easy! With only a few days before the tax deadline, what do you need to know if you’re a first timer at filing those taxes?

“If you’re filing as single or married filing jointly with no dependents, you intend to claim the standard deduction (meaning you’re not itemizing your deductions) and your income consists only of wages, salaries, and tips; taxable interest of less than $1,500…” [ Read more here ]

IRS Employment Tax Violation Could Land Man Behind Bars

Payroll mistakes can cost your business big time, get the help and expertise of the industry’s trusted accounting services from Sterling Accounting.

Don’t end up like one Texas business owner who is now in debt to the IRS for an alleged $18 million. “[Richard Floyd] Tatum withheld approximately $12 million in payroll taxes from March 2008 through December 2012, which he did not pay over to the IRS. Tatum also failed to pay $6 million of AMI’s contributing share of Social Security and Medicare taxes during the same quarters…” [ Read more here ]