The 1099-Misc Filing Date Is Just Around The Corner—Are You Ready?
Article Highlights: Independent Contractors Non-employee Compensation 1099 Filing Requirement Due Dates Penalties Form W-9 and 1099 Worksheet If your business engages the services of an individual (independent contractor), other than one who meets the definition of an employee, and you pay him or her $600 or more for the calendar year, then you are required […]
Why You Should Outsource Your Payroll Needs—Important Tip
With tax rules changing more quickly than the ink can dry on the tax laws books, payroll has become a full-time job. Are you a business owner that’s tired of trying to keep up with all the proposed and passed alterations? There are things that you should do on your own, and then there are […]
What to Do if You Are Still Late on Your Taxes and You Didn’t File an Extension?
If you are one of the many people who failed not only to file your taxes but also to file an extension, you might be living in a panic about what the consequences will be. The good news is that even if you missed the deadline, there are still ways to make it up and […]
7 Biggest Legal Loopholes For Attorneys & Law Firms In The New Tax Law
We could all stand to pay less in taxes, right? Fortunately, the new tax law has given law firms plenty of opportunities. There are seven major ways to slash your taxes and put more profit in the bank each year. I call them “loopholes” because so few people know about them but all seven are […]
Clarification On Taxes: What To Do If You Receive An IRS Notice
There is nothing that can rattle a business owner’s cage more than seeing an envelope come from the IRS. But, the good news is that it doesn’t always have to spell trouble. If you get a letter from the IRS about your taxes or your payroll taxes, the steps you take to rectify it can […]
Five Useful Tips From Experts in Bookkeeping
Not everyone loves bookkeeping. There are some people who would rather pour salt on a wound than update business records. Are you the type to throw all your records into a trash bag? If you are, then you know the struggles of trying to put everything together at the end of the fiscal year. Waiting […]
Avoiding An IRS Audit As A Small Business Owner
When you own a small business, you have so much extra time on your hands that you’d welcome the opportunity to spend hours upon hours dealing with an IRS audit, right? Yeah, not exactly. Watch this video to learn tips to avoid an IRS audit on your taxes and also learn about some things […]