Job and Business
State Income Tax vs. Federal Income Tax
It is important to understand the difference between State income taxes and Federal income taxes. If you don’t, you could end up making mistakes that…
Understanding Income Tax Audits
A Federal income tax audit is a review of your income tax return to determine its accuracy and truthfulness. Note that a tax audit is…
Understanding How Income Taxes Work
What Are Income Taxes and How Do They Affect You? For most people, the thought of paying income taxes makes their stomach turn. While everyone knows that…
2 tax benefits self-employed professionals should know about
Undoubtedly the two biggest benefits of having an employer are health insurance and retirement plans, right? Wrong. Both of these pricey items are covered when…
Most common tax mistakes made by small business owners
Do not let these tax requirements surprise you! You may look at your small business as a temporary substitute for full-time employment. A lot…
Temporary employee and independent contractor tax issues
How do temp employees file their taxes, and how do you know when you are an independent contractor? The economy might be improving, but…
How to know if your small business qualifies for the “small seller exception” in Marketplace Fairness
Here's what to do if it passes. If passed, as is, the Marketplace Fairness Act will exempt small sellers from state sales tax. I take…