There are critical tax favorable circumstances for Independent Contractors (IC) versus workers. ICs deduct costs of doing business, though, the new tax law (TCJA) suspended "unreimbursed...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 09/25/2019
What is an Independent Contractor?Independent contractor or a freelancer is a person or entity contracted to perform work or provide services to another entity, but not as an employee....
Posted by Duce Taxes & Accounting on 11/14/2018
Just like a freelancer or a small business owner, you will see that by mastering the quarterly taxes is major key part of the running of a successful organization. In case you have...
Posted by J.R.'S TAX SERVICE on 07/16/2018
When it comes to caring for routine tasks around the home, many individuals use hired help. Depending on how they hire that help, they may suddenly have a household employee. For many...
Posted by Horizon Client Services, LLC on 06/09/2016
For a number of individual taxpayers who find they owe the IRS, the tax bill might be more than they can afford to pay by the annual tax deadline. Even if you cannot afford your tax...
Posted by Precision Financial Services on 03/19/2016
It can be difficult enough to pay a tax debt, but once penalties are added, the cost can be even higher. However, the IRS provides an option to avoid the additional debt of penalties....
Posted by Brian Walsh EA on 03/19/2016
Tax time can mean having a large bill, but also potential penalties. To avoid these, it requires determining when this extra income will come in and making tax payments to cover it.For...
Posted by MVW Services on 02/19/2016
Estimated tax is the method some employers use to pay income taxes. When paying income taxes, there are two methods allowed by the IRS; the withholding method or, you guessed it,...
Posted by James Wells EA MBA Tax Office on 01/05/2016
