Tag Archive for Transparency

7 Habitual Mistakes Companies Make – Chapter 4 (6)

TaxConnections Blog Post
Transparency –

“An old-fashioned handshake is a good way to do business—unless the IRS demands a copy”  —  Source: Cullen Hightower

“The condition of being obvious or evident.” — Source: Oxford Dictionary

IN THIS DAY and age it is important that businesses take a more open-minded approach when it comes to tax compliance. The process of transparency is not confined to the completion of a tax return and the disclosure made to the IRS. It begins with transparency between the role players involved in a transaction, the key decision makers in the business, and the people responsible for understanding the tax implications and compiling the return. Read more