Rollingnaira

As a small business owner, you may assume the IRS isn’t concerned with your tax liability. However, this assumption couldn’t be further from the truth. In fact, reports suggest that the IRS has increasingly targeted small businesses for audits in recent years. While the government may not be interested in your business before it turns a profit, it’s important to pay attention to your tax responsibilities in the early stages of formation in order to maximize deductions and prevent liability issues moving forward. Here are five things every new small business should know about federal income taxes. 1. Your Legal Entity Affects Your Tax Burden Think that all small businesses endure the same tax burden? On the contrary, the legal entity you elect to form can have a tremendous effect on your tax liability throughout the years. From sole proprietorships and LLCs, to S corporations and partnerships, there are various business types, each with its own benefits and l

A local magistrate in the Gambia has remanded a mother of several children at the notorious Mile Two Prisons who is accused of insulting the country’s new president, Adama Barrow. Fatou Badjie of Jabang village is charged with prohibition of conduct conducive to breach of peace. Although the exact words she uttered are yet to be disclosed, state prosecutors said she had intented to provoke a breach of peace. Ms Badjie, who is also a single parent, was arrested and detained on February 19th by police after she and another woman, Awa Jadama, currently at large, allegedly made rude comments about the president. Police Prosecutor Sergeant 2202 Fadera, applied for her to be remanded as the matter is still under investigation. He said Ms Badjie may tamper with their investigation or even abscond the jurisdiction of the country if she is released on bail. “The second accused is still at large and Fatou may equally take the same decision if she is granted bail,” he sai