It is common knowledge that the IRS audits a very small percentage of tax filers – less than 1% - but audits are spread unevenly among income groups. The IRS has limited resources, so it prioritizes where it spends them. Naturally, the IRS directs most of its resources towards larger earners. According to the IRS , it audits 8.2% of taxpayers with incomes above $10 million, 2.5% of those with incomes between $1 million and $10 million, and less than 1% for incomes below $1 mi

The Democrats' $1.9 trillion stimulus plan signed by President Biden on March 11, 2021 - The American Rescue Plan Act - has goodies for almost everyone, from individuals getting stimulus checks - officially called recovery rebates, or, as the IRS calls them, economic impact payments, to states getting billions of dollars to help balance out of whack budgets. We take a look at some of the help coming to individuals and businesses. Recovery Rebates Individuals earning under $7

Companies are in business to make profits, plain and simple. Most business owners therefore focus on generating a profit and forget about something more important to the survival of the business than profits: cash in the bank. While the ultimate goal is to make a profit, without cash to pay workers and bills and expand the business, profits will be meaningless as the business will eventually fold. Profitable businesses have gone under because of a lack of cash. Successful com