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If You’re Hiring Independent Contractors, Make Sure They’re Properly Handled

RogerRossmeisl

The question of whether a worker is an independent contractor or an employee for federal income and employment tax purposes is a complex one. If a worker is an employee, your company must withhold federal income and payroll taxes and pay the employer’s share of FICA taxes on the wages, plus FUTA tax.

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Coronavirus Aid, Relief and Economic Security (CARES) Act

VetCPA

The Coronavirus Aid, Relief and Economic Security Act (CARES Act or Act), which includes cash payments to taxpayers, expanded unemployment insurance, increased funding for healthcare providers, small business loans, and tax relief to businesses. The Act is the third bill from Congress in response to the COVID-19 pandemic.

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Coronavirus Aid Relief and Economic Security (CARES) Act for Dentists

DentalAccounting

The Coronavirus Aid, Relief and Economic Security Act (CARES Act or Act), which includes cash payments to taxpayers, expanded unemployment insurance, increased funding for healthcare providers, small business loans, and tax relief to businesses. The Act is the third bill from Congress in response to the COVID-19 pandemic.

CPA 100
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Per-Diem Rates for Post-9/30/20 Business Travel

RogerRossmeisl

If the rate paid doesn’t exceed IRS-approved maximums, and the employee provides simplified substantiation (time, place, and business purpose): the reimbursement is treated as made under an accountable plan (e.g.

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How do I choose what entity type my business should be?

Basis 365

Most business owners pick a type and never look back. You really should review this periodically as laws and tax code do change. The Statistics Surrounding Business Types Your business type determines more than just what business tax return you will file. Sources Carbajo, Marco.

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NSAC Offers Employee Retention Credit (ERC) Webinar Aug 23

Nancy McClelland, LLC

The ERC has been in the news quite a bit lately due to aggressive tactics by non-CPA firms claiming to be able to apply for these credits on behalf of business owners. (We’ll However, the rules regarding whether or not a business qualifies are complex, and best performed by a knowledgeable professional.

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Infrastructure Law Sunsets Employee Retention Tax Credit Early

RogerRossmeisl

The Infrastructure Investment and Jobs Act of 2021 (IIJA 2021), which was signed by President Biden on November 15, 2021, doesn’t have many tax provisions but this one is important for some businesses. The post Infrastructure Law Sunsets Employee Retention Tax Credit Early appeared first on Roger Rossmeisl, CPA.

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