January 24, 2010 
This entry was posted on Sunday, January 24th, 2010 at 7:35 pm and is filed under Accounting, Accounts Payable, Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Movies about the mob are often a hit. People love watching how mob bosses were caught. Several years ago there was a real life mob boss in Chicago who was suspected of killing a lot of people. He was eventually caught and placed behind bars but not for his murders but because he of tax evasion. That is probably an extreme example of how ignoring the IRS and accounts payable can lead to prison.
The IRS and accounts payable may seem unrelated. However, we all know that the IRS is an agency we shouldn’t be playing around with. As dutiful citizens we must all pay our taxes les the IRS catch us. As companies, all accounts payable should be settled lest you be questioned by the IRS. If you don’t pay your debts or file your taxes you’re going to be in trouble.