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It’s 1099-Reporting Time Again…

Posted in Tax News on December 29, 2011

January 31st is the deadline to furnish Form 1099- Misc. to recipients. The 1099-MISC form is used to report more than two dozen types of payments that must be claimed as income by the recipient. This category includes payments made…

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The Last Tax Cut

Posted in Tax News on June 30, 2011

The Obama administration is exploring a temporary tax cut for employers on their payroll tax obligations.

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1099 Reporting Guidelines

Posted in Tax News on November 19, 2010

January 31, 2011 is the deadline to furnish Form 1099-MISC to recipients.  The 1099-MISC form is used to report more than two dozen types of payments that must be claimed as income by the recipient.  This category includes payments made by…

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The Difference between an Employee and an Independent Contractor

Posted in Tax News on November 5, 2010

Employers must make a determination whether someone who works for them is an employee or an independent contractor. To assist them with this, the IRS has issued the “Twenty Factor Test”.  Here are the tests an employer applies in order…

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Three Things a Business Owner Needs to Calculate their Tax Credit for Health Care Premiums

Posted in Small Business, Tax News on October 8, 2010

The recent health care reform has allowed eligible businesses to claim a credit for premiums paid for health insurance. For 2010, the maximum credit is 35% of the employer’s premium.

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