Preparing 1099-MISC forms can be difficult, but we're here to make it easy! We've compiled this list to make sure you don't make these common 1099-MISC errors.So you:Have...
Posted by James Financial Services Inc on 10/19/2021
Wage reports, also known as quarterly contributions or payroll reports or wage detail reports, are sent quarterly to each state, district, and territory in which you pay employees...
Posted by James Financial Services Inc on 10/09/2021
Each year, the IRS adjusts over 40 tax provisions for inflation. This is done to avoid "group escalation," when people are pushed into higher income tax categories or have...
Posted by James Financial Services Inc on 09/30/2021
The work-related costs scheme allows you to spend part of your total taxable salary on benefits, benefits in kind, and supplies for your employees without tax liability.However, WES...
Posted by James Financial Services Inc on 09/27/2021
This tax season may just be the last time many Americans post their tax returns and receive a discount for charitable giving.Under federal (and state) law, charitable contributions...
Posted by James Financial Services Inc on 09/20/2021
Reporting financial statements is an art in itself and not just a routine process. There is a whole philosophy behind it all.The business environment has become more uncertain in recent...
Posted by James Financial Services Inc on 09/10/2021
When you account for every penny, especially when there's not much money, fluctuations in the price of gas can destroy a well-executed budget. And the fluctuation associated with...
Posted by James Financial Services Inc on 09/03/2021
The IRS offers three different tax incentives for higher education costs: the Lifetime Learning Credit, American Opportunity Credit, and the Tuition Deduction. However, you can only...
Posted by James Financial Services Inc on 08/24/2021
Medical expenses can be deducted from the federal tax return as long as they exceed 10% of gross annual income. Most people are familiar with the usual medical bills you can afford...
Posted by James Financial Services Inc on 08/15/2021
