Whenever I hear the term “self-made” man, I find myself cringing. I don’t know anyone who has made it all alone. Some of you have achieved goals with the help of family, friends, or classmates; others may have been motivated by the voices of naysayers. Whatever the case, the fact […]
Many people are confused when it comes to selecting the correct filing status. Listen to this short audio clip to learn more about selecting the correct filing status. Listen!
12 Common Bookkeeping Mistakes to Avoid 1. Commingling funds – So many business owners are guilty of either using the business account to pay for personal expenses or paying business expenses through the personal account. This is a big NO NO! 2. Misclassifying workers – Times are tough and staffs […]
I know taxes are not high on the list of most romantic subjects, but when you and your sweetie are thinking about tying the knot you should definitely consider the tax consequences. Be sure to add tax planning to your wedding to do list. I have found that many taxpayers do […]
When determining whether your workers are employees or independent contractors, there are several factors you must consider. The traditional test to determine a worker’s status involves the concept of control. The IRS developed 20 factors to resolve a worker’s status as an independent contractor under the common law. The burden […]