“New IRS Guidance Makes It Harderto Claim Section 530 Safe Harbor” To get my complete articlewith all the details… Are you confident you’re classifying your workers correctly? If you’ve been treating independent contractors as non-employees, you could be walking a fine line — and the IRS is watching. Misclassification can cost you big: payroll tax assessments plus … [Read more...]
Independent Contractor
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If You Hire Freelancers in CA, IL, or NY, You Need To Read This
“Alert: CA, IL, and NY Laws RequireWritten Freelance Agreements” To get my complete articlewith all the details… If your business hires freelancers in California, Illinois, or New York, you need to read this: New state laws now require written contracts—and missing one could cost you double damages, attorney fees, and statutory penalties. Freelancer-friendly … [Read more...]
Statutory Employees: The Weird Tax Rule You Need to Know
“Tax Code–Defined Statutory EmployeesAre Hybrid Self-Employed” To get my complete articlewith all the details… Are You Accidentally Overpaying Payroll Taxes? You’ve probably heard the term statutory employee—but do you really know what it means? Here’s the kicker: a statutory employee isn’t your average employee. They’re a unique hybrid created by the tax … [Read more...]
The New DOL Rule: What You Need to Know About Hiring Independent Contractors
"The New DOL Rule: What You Need to Know About Hiring Independent Contractors" To get my complete articlewith all the details… Are you hiring independent contractors? If so, the U.S. Department of Labor (DOL) just made it more difficult to classify them. This could mean higher labor costs and potential overtime payments for businesses like yours. Our latest … [Read more...]
Create a tax-free deduction for your smart phone
"Create a tax-freededuction for your smart phone" To get my complete articlewith all the details… Here’s good news (for a change!) from the IRS... If you and/or your employees use smart phones, youcan create some nice no-hassle, tax-free fringe benefits. Want to find out how you can take advantage of Uncle Sam’s largesse? Then put down your iPhone or … [Read more...]