We review the top 5 IRS tax deductions for parents.
The busy tax season is a prefect time for IRS scams. Check out this email one of our client’s received.
Faith is taking the first step even when you don’t see the whole staircase. – Martin Luther King, Jr.
This is a common question. You are self-employed or owner of a business. You do not want to deal with paying quarterly tax estimates to the IRS. There are many companies offering payroll services. The payroll company can manage all your payroll needs for you. If you pay yourself sufficient wages, you will get a refund at the year. Seems easy. Well it is. But are you are unsure if you can put yourself on payroll.
We review the Top 10 Tips for getting your IRS taxes prepared. The goal is to help you choose a good tax preparer and to watch out for potential pitfalls. Continue reading…
In our previous article, we reviewed the advantages and disadvantages of hiring independent contractors compared to employees. Small business will want to treat all workers as independent contractors. It is less expensive and less work. Conversely, workers prefer to be treated as employees. The worker will pay less tax and it is less hassle. The small business and the workers have conflicting interest.
Small businesses decide how to treat workers, employees or independent contractors. This decision has major impacts to both the small business and the worker. For the business, it is less work and less expensive to hire an independent contractor. For the worker, it is less work and less expensive to be treated as an employee.
Tax Question – Do you know the law on how long you have to keep minutes for a non profit as well as prior tax records? Continue reading…
Tax Question: What are the tax laws on bartering? How do you determine when something is a barter that should be taxed?
You don’t learn to walk by following the rules. You learn by doing, and by falling over. Richard Branson