Buying Across Borders: Don’t Forget About Use Tax

When starting up a small business, you may find it necessary to buy equipment and supplies from companies around the country, or even the world, in order to get your…

The Price of Generosity: Understanding The Gift Tax

Did you recently find out that a friend or family member would like to gift you with some extra cash? Or perhaps your grandparents would like to help you purchase…

Best Practices for Avoiding an IRS Audit

Every small business owner, entrepreneur or independent contractor fears the notice of a pending IRS audit. Even for those with stellar accounting practices who operate a tightly run ship, IRS…
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    Romano & Sumner, PLLC

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