A Lottery You Don't Want to Win

The Internal Revenue Service has announced the Employment Tax National Research Program will launch in early February. This study will involve the audits of 6,000 randomly selected companies and will be completed within three years. The audits will help the IRS guage revenue compliance with the employment tax laws and will assist with the selection of future audit targets. The good news for businesses is that only 6,000 of these audits are to be conducted. However, if you happen to be selected, you will find an audit such as this difficult and tedious.

Business Customs Across Borders

When a business is considering expanding operations, choosing overseas might be a cost-effective option. However, when conducting business in person, it's important to understand the customs of each country. Some customs that are normal and respectful in the United States may actually be considered rude in other countries.  For example, although the U.S. and Mexico are neighbors, they have very different views about eye contact. In the U.S., looking an individual directly in the eye is considered a sign of honesty. In Mexico, however, continued eye contact can be considered threatening and aggressive. Intermittant eye contact is best.

Are You in the Zone? Your Business May Qualify for this R.I. Tax Incentive

An Enterprise Zone is a specific geographic location in which the State and Town target programs to aid business expansion and job creation.  The State of Rhode Island Enterprise Zone Program is designed to offer tax incentives to businesses that expand their workforce at facilities located in one of the state enterprise zones:

Cranston
Central Falls/Lincoln
East Providence
Pawtucket/Lincoln
Providence
Portsmouth/Tiverton
Warren/Bristol
West Warwick
Woonsocket/Cumberland