The IRS is turning its attention to S-Corporations (S-Corps) and the salaries paid to shareholder-employees. Ensuring that you are paying yourself a “reasonable compensation” is crucial to staying compliant with the law and avoiding potential financial...
Independent contractors are a vital part of the American workforce. They work for themselves, usually providing services to other businesses. While this setup offers many advantages to both the contractor and the hiring business, it can also create tax problems. You...
IRS declared independent contractors as employees: Can Section 530 help? Are you going through an IRS audit? Though we know that is bad but what happens if the IRS declares that many of your 1099 independent contractors are W-2 employees, now what? Safe-harbor...
What is the difference in Independent Contractors VS Employees If you have found yourself asking why your boss has paid you as a 1099 independent contractor instead of a w-2 employee, look no further. There are various tax implications for individuals who receive...
Precise timesheets are necessary for every small business. If you find yourself needing a software or app for time tracking purposes, use TSheets to track and submit accurate time for payroll from anywhere. TSheets time tracker is a cloud -based time tracking and...
