Colorado Certified Public Accountant and Business Advisor
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Tax Tips are not a substitute for legal, accounting, tax, investment or other professional advice. Always consult with your trusted accounting advisor before acting upon any Tax Tip.
Facts and Figures
*Pay the IRS First--In a new case, the chief executive officer (CEO) of a restaurant franchise found out that the company's accountants did not make the required employer tax deposits on time. But the CEO let six months go by before he fired the accounting professionals. In the meantime, company funds were used to pay off other debt. Result: The CEO was held personally liable for the unpaid employment taxes.

 *Creative Meetings--Business meetings are often boring. Here are some ideas that have been used to liven things up: (1) Crayons and construction paper were used to draw up new ideas. (2) Naysayers were sprayed with water pistols. (3) Workers submitted anonymous thoughts on Post-it notes. Then the suggestions were put on a wall to be read. The point is: Be creative about stimulating ideas and making meetings more productive.
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TAX ADVICE DISCLAIMER: In accordance with IRS Circular 230, any tax advice included in this communication, including attachments, is not intended or written to be used, and cannot be used by you or any other person or entity, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions, nor may any such advice be used to promote, market or recommend to another party any transaction or matter addressed within this communication. If you would like such advice, please contact us.
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