Blog

  • 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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  • Businesses Can Save Money When Hiring New Employees

    As a business owner you may now have an opportunity to either receive a payroll tax savings for the rest of 2010 on  employees you hire or take a tax credit against business income on your 2011 tax return. Save Money when Hiring New Employees The Work Opportunity Tax Credit offers business owners to take…

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  • What’s Your Exposure, As a Business Owner, to This 1099 issue?

    Do you hire 1099 contractors for your business?  if so, this CNNMoney.com article is a must read.  The IRS launched an initiative this spring to audit businesses that hire 1099 contractors.  Initially, the plan calls for auditing 6,000 businesses to determine if businesses are improperly classifying workers as 1099 contractors rather than employees.  The obvious benefit…

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  • Business Owners, Do You Accept Credit Cards? What’s Coming in 2011

    Does your business accept credit cards? be prepared, beginning in 2011, merchant processors that process credit cards, debit cards and third party network transactions will be required to issue their clients a 1099.  A 1099 will be required when the number of transactions processed for their merchant client, exceed 200 in a calendar year or…

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