When it comes to determining an employee from an independent contractor, many business owners are unsure how to identify a worker's classification. The table below highlights some of the differences between an employee and an independent contractor.
Written by Holly Pugh
One of the common issues businesses have when it comes to tax season are 1099s. In this guide, we have included the information you need to know about the 1099 form such as; what is a 1099, why these forms need to be completed, how they should be prepared, and to whom they should be sent.
Written By: Michael Wolfe, CPA/ABV, CVA
Are you thinking about selling your business?
If you are preparing to sell your business or are currently in the process, it is important to understand the various components of the M&A process. In this blog, we will discuss the six major stages of selling your business.
The House Ways and Means Tax Policy Subcommittee held a hearing on March 14 in which lawmakers and stakeholders examined the future of various temporary tax extenders post-tax reform. Over 30 tax breaks, which included energy and fuel credits, among others, were retroactively extended for the 2017 tax year in the Bipartisan Budget Act ( P.L....
The IRS has released Frequently Asked Questions (FAQs) to address a taxpayer’s filing obligations and payment requirements with respect to the Code Sec. 965 transition tax, enacted as part of the Tax Cuts and Jobs Creation Act ( P.L. 115-97). The instructions in the FAQs are for filing 2017 returns with an amount of Code Sec. 965 tax. Failure to...
What will they find? Do you know how your company will look to a potential buyer? Will the results of the buyer’s Due Diligence impact the price they will...
Written By: Jeff Weaver, Director of IT
On September 7, 2017, Equifax, one of the three major credit reporting agencies in the United States, issued a press release that stated they had been the victim of a massive data breach. 143 million data records were stolen from them! That’s an astounding 44% of the United States population.