2017 Sep

Understanding Employee vs. Contractor Designation

2017-09-03T03:08:44+00:00

  Worker classification is important because it determines if an employer must withhold income taxes and pay Social Security, Medicare taxes and unemployment tax on wages paid to an employee. Businesses normally do not have to withhold or pay any taxes on payments to independent contractors. The earnings of a person working as an independent contractor are subject to self-employment tax. [...]

Understanding Employee vs. Contractor Designation 2017-09-03T03:08:44+00:00
2017 Sep

Information on Identity Theft for Business, Partnerships and Estate Trusts

2017-09-03T02:30:16+00:00

Information on Identity Theft for Business, Partnerships and Estate Trusts Businesses, partnerships and estate and trust filers increasingly are targeted by national and international criminal syndicates who use stolen data to file fraudulent tax returns for refunds. In the past year, the Internal Revenue Service has noted a sharp increase in the number of fraudulent [...]

Information on Identity Theft for Business, Partnerships and Estate Trusts 2017-09-03T02:30:16+00:00
2017 Sep

Know your Taxpayers Bill of Rights

2017-09-03T01:37:02+00:00

Know your Taxpayers Bill of Rights IRS Summertime Tax Tip 2017-21, August 18, 2017 Every taxpayer has a set of fundamental rights and the IRS has an obligation to protect them. The “Taxpayer Bill of Rights” groups the taxpayer rights found in the tax code into 10 categories. Know these rights when interacting with the [...]

Know your Taxpayers Bill of Rights 2017-09-03T01:37:02+00:00
2017 Jun

Top Six Tips about the Home Office Deduction

2017-06-20T15:48:49+00:00

If you use your home for business, you may be able to deduct expenses for the business use of your home. If you qualify you can claim the deduction whether you rent or own your home. If you qualify for the deduction you may use either the simplified method or the regular method to claim [...]

Top Six Tips about the Home Office Deduction 2017-06-20T15:48:49+00:00