CERTIFIED PUBLIC ACCOUNTANT
Making the right classification for workers performing services has become more important than ever for a business. Let’s look at two different categories: Employee status imposes significant tax and legal obligations on an employer. The employer is responsible to withhold and remit the employee’s share of Social Security & Medicare... Continue reading →
Errors and omissions frequently occur in prepared tax returns. They can range from an incorrect number accidentally entered, to a misinterpretation of a law, to a misstatement of the client’s facts. Tax preparers also often “inherit” tax mistakes made by the client’s former preparer. The errors on a prior return... Continue reading →
The U.S. government is cracking down on income tax evasion through use of offshore bank accounts. The IRS has initiated strict reporting requirements, and the consequences for noncompliance are ominous. These rules apply to any “United States person”; that includes citizens or residents of the U.S., as well as domestic... Continue reading →
The IRS may have given out over $5 billion in refunds to the wrong people for 2011. So far the IRS has detected about 940,000 fraudulent tax returns filed by identity thieves last year, with potentially over 1 million more false tax returns as yet unidentified. Usually an identity thief... Continue reading →
Most businesses place decorative artwork around the office. After all, it makes both customers and an employee feel more upbeat and gives a positive impression about the business. It could be said that artwork contributes to the overall success of your company. The issue is: can artwork be claimed as... Continue reading →
