The largest re-write of the federal tax code in 25 years is likely to be enacted into law within days, leaving only a week to understand a 500 page piece of legislation and then act before the changes hit on … Continue reading
Best Recordkeeping Practices For The Cash Intensive Business Owners Recordkeeping sounds simple, but it must be sufficient to support your expenses if you’re audited. For your protection, any deducted item on a tax return should have proof of the deduction. … Continue reading
An increase in the California minimum wage seems simple enough. But, as often is the case, the state of California has taken this seemingly simple concept and made it overly complicated and confusing. There are several unknown details that apply … Continue reading
Beginning Tax Year 2016, the 1099-MISC filing deadline has been moved up! Employers will be required to file forms W-2 to the Social Security Administration & forms 1099-MISC returns to the Internal Revenue Service returns, no later than January 31, … Continue reading
So what Is a 1099-Misc form? One of the most essential tax forms when filing a return for an Independent Contractor is a 1099-Misc form. 1099-Misc forms are used to report payments for trade or business services to and individual or businesses, … Continue reading
