As a freelancer or self-employed individual, taking advantage of every tax deduction available to you is important. Deductions help lower your taxable income and save you money on...
Posted by Taxes Made EZ Inc on 03/14/2023
Who counts as an independent contractor versus an employee may be about to change, as a new proposal from the US Department of Labor (DOL) suggests revamping the classification of...
Posted by Rosovich & Associates, Inc. on 01/30/2023
The IRS considers an independent contractor as a self-employed or an entity hired to provide a service or work for another entity as a non-employee. Due to that, independent contractors...
All businesses that have employees must submit an annual W-2 report containing information on total employee compensation and withholding tax for the year. If you have W-2 forms for...
Posted by Taxes Made EZ Inc on 01/21/2022
All workers and employers in the service industries where tips occur should abide by the relevant tax rules. One needs to pay income tax, Medicare tax, and Social security taxes on...
Do you know if you are considered a household employer? If you've just hired a caregiver, babysitter, housekeeper, or someone else to help you around the house, then there is a...
We have seen that the stock market has hit several new highs in recent months. This is in addition to the fantastic bull market that ran for more than ten years before the rapid coronavirus...
Opening up the business of your choice is not a walk in the park. It is not enough that you have the necessary capital to invest in the type of shop or store that you have been planning...
Tax is an unnecessary source of stress for small business owners. This is not surprising as many business owners have many things to worry about, and adding the complexity of preparing...
Posted by CORE PERFORMANCE on 07/23/2021