Independent Contractor vs. Employee which is right for my business? So your business is growing and it’s time to get some help. You reach out to your network and find a willing soul who will help you with the everyday tasks that need to be accomplished in your business, agree to a compensation rate, and…
Supreme Court opens door for States to Collect Sales Tax from Out of State Sellers Quill is Dead Long live Wayfair. In an 5-4 split decision on 06/21/2018 the Supreme Court rocked the on-line retail world by ruling in the case South Dakota v. Wayfair Inc. in favor of South Dakota to allow its new…
The “treat me like a child” clause in the Tax Code While studying some tax law, I came across a curious provision about filing status options on individual tax returns. One of the key provisions of an individual income tax return (AKA 1040) is what filing status a taxpayer chooses. Providing for some exceptions for…
The following is an interview from the website accounting.smartpros.com. There has been a good deal of publicity lately about the changing attitudes of government interpretation of what the difference is between independent contractors and employees. Our one sentence synopsis is: Be careful, the courts have started to re-characterize independent contractors as employees even though independent…
The coming affordable healthcare act penalty Open Enrollment at the website www.healthcare.gov starts tomorrow. This year it will be open from November 15, 2014 Until February 15, 2015 for health care coverage in 2015. This is the second year that the so called “marketplace” is open to the public for purchasing health insurance. Regardless of…
How to use your kids to save on taxes Choosing between a Flexible Savings Account for dependent care and the Household and Dependent care Tax Credit You might have seen this person before. A stressed out parent who seems to be juggling 20 things at once. For those of us with children who have to…
Persistence and secrets to success We are all faced with challenges in our daily lives, and many of them seem insurmountable to us in the moment. However, there are many stories of individuals who have overcome their obstacles through dogged persistence. I wanted to share a few anecdotes of individuals who have gone to extraordinary…
Security In the Cloud There are a host of new business solutions in the cloud that solve problems faced by small businesses today. However, there is concern that the information which is being stored there is not secure. That could be true if you don’t do your due diligence but using cloud solutions doesn’t have…