Job and Business
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…
How Do Taxes Work?
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2021/12/Understanding_Income_Tax_Basics.mp4"][/video] How do taxes work? Well, if you're paying them, the question surely pops into your head from time to time.…
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…
Small business owners favor tax reform to reduce complexity
Complexity and inconsistency within the tax code continue to be major issues for small business owners. According to a survey conducted by the National Small…
How to estimate where you stand on income tax withholding
You do not want to use the IRS like a bank account. Believe me, the money withheld from your paycheck would be better spent elsewhere…
