Financial Operations Insights, Templates, and Best Practices
Should You Purchase or Lease a New Business Vehicle?
When it comes time to get a new business vehicle, you might wonder whether it’s more advantageous to lease or purchase. Unfortunately, the answer isn’t always cut-and-dried. Every business has unique vehicle-use needs, but we can offer some considerations that might help you make the right choice.
How Far Back Can the IRS Go to Audit My Return?
Not all audits are disastrous. But what about previous years? How far back can the IRS go? Is there a statute of limitations on taxes when it comes to audits? Technically, the IRS has three years after the filing deadline to start an inquiry for a specific year. However, some exceptions may extend their reach to six years or even longer.