Points to NoteBecoming an independent contractor can be tempting for employees who work from home, count on the client's work, and claim a large number of tax deductions, including...
Posted by Flynn Financial Group Inc on 07/09/2020
You do not want to draw the attention of the Internal Revenue Service. However, failure to submit the appropriate form when you make payments to third parties can expose you to the...
Have you ever heard of a homeless person sued for a 5.5-million-dollar case? Undeniably, there is none. This is because lawsuits are not filed against a person with not so many assets....
Posted by A+ Income Taxes on 04/03/2020
The rise of online and discount brokerages is making people interested in trading and the stock market. However, taking advantage of the various strategies on asset protection and...
There is a couple of helpful tips with which you can save money on business taxes. Even though this is not a guarantee that you will get a refund, it might qualify you for some reductions. When...
Posted by KB Tax Deviser CPAs on 02/18/2020
One of the many questions I get as a tax and financial advisor is what business structure to choose when you are starting a business. Liability notwithstanding, a big determining factor...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
People these days are trading the stock market in an ever-increasing number with the proliferation of online and discount brokerages. However, the many tax advantages and asset protection...
Posted by YourIRSTaxAdvocate.com on 10/29/2019
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
Don’t forget self-employment tax in your business tax planning. The tax for Social Security and Medicare paid by business owners is what self-employment tax is. It is paid in...
Posted by Flynn Financial Group Inc on 08/23/2019
