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Are You Sure You’ve Classified Your Workers Properly?

The Safe Haven and Voluntary Classification May Save Your Business From the IRS. Recently, under the Trust Fund Recovery Act (TFRA), the IRS has made it a priority to target businesses which misappropriate funds collected from employees for the purpose of paying payroll taxes.

20 Factors that Distinguish Contractors from Employees

Nearly every business needs to hire or contract with other businesses or individuals to provide services in the course of running the business. In doing so, the owners and managers have a duty to determine if the individuals are employees or independent contractors.

Married Filing Jointly Status

As married couples prepare to file their income tax returns, the question of filing status is one that must be addressed, particularly for newly married couples. Should you file under “married filing jointly status”? What are the benefits and potential drawbacks?