I am at rest in God alone; my salvation comes from Him. He alone is my rock and my salvation, my stronghold; I will never be shaken.
Psalm 62:1-2
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Elizabeth
Jun 23, 2026
Quick Answer: If your business gets audited by the IRS, the IRS will send you a letter explaining what they want to review. The audit may be handled by mail, at an IRS office, or in person at your business or your accountant’s office. You will need to provide records that support your income, expenses,…
by
Elizabeth
Jun 18, 2026
Quick answer: The most common tax mistakes small businesses make are poor recordkeeping, mixing personal and business money, missing income, underpaying estimated taxes, payroll tax problems, missing deadlines, and guessing on deductions. Running a small business means wearing a lot of hats. You may handle sales, customers, employees, bills, and taxes – sometimes all in…
by
Elizabeth
Jun 15, 2026
Quick answer: A bookkeeper keeps your daily records clean. A CPA helps with bigger accounting questions, tax planning, and business decisions. At Compton & Company CPAs, you do not have to choose one or the other. We provide bookkeeping and CPA-level support together, so your records, reports, payroll, and tax work stay connected. Which One…
by
Elizabeth
Jun 08, 2026
Editorial Note: This issue is still being fought. The IRS has not accepted the broad reading of the Kwong case, and the government has appealed. Quick Answer The Kwong case may give some taxpayers a chance to ask the IRS for a refund or removal of certain penalties and interest charged during the COVID disaster…