S corp owners, take heed — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
The IRS continues to turn up the heat on S corporations. For starters, it has completed 1,200 audits of S corp returns for 2003 as part of a program to update audit-selection data. Furthermore, almost 4,000 more S corp returns for 2004 are scheduled for intensive line-by-line examination. In particular, the IRS says it is looking for firms that have paid little or no salary to owner/employees as a way to evade federal employment taxes.
High levels of employee engagement are critical in today’s competitive environment. And yet the vast majority of workers are either not engaged or are actively disengaged at work. The critical skills for overcoming that gap: effective internal communication....Click here to find out more.