Your Monthly Newsletter from Padgett

VOLUME 6 2023

Summer is finally here, which means we're moving on from tax time and looking at graduation and seasonal jobs. In this newsletter, we cover important considerations when hiring teens for summertime help or if your child is graduating. We've also got advice if you are faced with an IRS audit, as well as what to look for when searching for a new tax partner (or a reminder of why your Padgett advisor is just the right fit). Finally, we'll remind you about our Tax Hub where you can find answers to some of your business and tax questions.

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What is an IRS audit, really?

What exactly does an audit mean for your business? What should you do if you're being audited? And how can you avoid being audited in the future? Find the answers here.

Hiring teens for the summer? Here’s how.

Before hiring teens or your own children for summertime help, it’s crucial to understand the Federal and State laws governing youth in the workplace.

Graduating? Here’s what it could mean for your taxes!

With graduation, you’re likely caught up in a swirl of pomp and circumstance. But graduating comes with some implications for your taxes and finances as well.

4 Traits successful business owners look for in their accountant

Was tax season painful for you and your business? If so, it might be time to consider finding a new accountant.

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Visit our Tax Hub

Have you visited our Tax Hub yet? It's a great place to look for common questions and helpful tools, such as guides on business entities, tax checklists, our tax deadline calendar and more!

VISIT THE TAX HUB

About Padgett

At PADGETT BUSINESS SERVICES^®, we know the stresses of running a business can keep owners awake at night. Your business is your livelihood — and quite possibly the livelihood of your employees — so it’s no wonder it’s always on your mind. PADGETT is here to help. We offer tax, accounting, payroll and advisory services that can help your business reach new heights, allowing you to rest easy.

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ADVISORY

PADGETT BUSINESS SERVICES^® is dedicated to meeting the accounting, tax, payroll, compliance and advisory needs of small businesses. This publication is intended for informational purposes only and should not be construed as tax or legal advice. Such information is by nature subject to revision and may not be the most current information available. You should seek advice from a PADGETT BUSINESS SERVICES^® representative or an independent advisor before acting on any of the information contained in this document. Each office is independently owned and operated.