Blog

  • New 1099 Reporting Requirements Revisited

    In a previous post Welcome to Healthcare Tax Compliance Hell, a little known clause that was slipped into the Health Care legislation, was highlighted.  This clause required that any taxpayer, with business income,  is required to issue a 1099 form to any, and all vendors that they purchase goods or services from, and spend more…

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  • SC Businesses Payroll News, Hiring Illegals and SC Law

    In 2008 SC passed a law to address the issue of businesses placing illegal workers on the payroll as employees.  The law is being implemented in two phases.  The first phase was for larger businesses (those with greater than 100 employees) and the second phase is for businesses with less than 100 employees. The law requires that…

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  • IRS Gearing Up to Evaluate How Businesses Classify Employees

    In it’s recently released report, Employment Tax Compliance Could Be Improved With Better Coordination and information Sharing, the Treasury states: The misclassification of employees as independent contractors is a nationwide issue affecting millions of employees that continues to grow and contribute to the tax gap.  According to program documents, closing the tax gap remains as one…

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  • It’s All About Tax Compliance for Businesses and Corporations

    For the IRS, It’s all about Tax Compliance for Businesses If you have been in noncompliance with the tax laws, playing around the edges of the tax laws, hiring 1099 contractors, rather than employees and are not worried about an audit, because the chances of an audit are low,  then the next couple of posts are a must read for you….

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