Business owners face a myriad of regulatory checklists when setting up a new venture. Before the first customer walks through the door, the new owner has already tackled seller’s permits, licensing, zoning, and registration, among other hurdles. Even after these boxes...
If your company has taken advantage of IC-DISC in the past, it’s important that you understand how tax laws can impact your business for the upcoming tax season. According to the IRS, in order to qualify as an IC-DISC, a corporation must meet the following: Have at...
If you hired employees in 2014, you may be leaving money on the table in the form of tax credits. If you’re not familiar with the United States Department of Labor’s Work Opportunity Tax Credit (WOTC), or if you think you missed your opportunity to file for the...
The IRS form 1099 is an informational return used to report payments made to individuals or Partnerships for interest, services, bonuses, and other types of income paid to them during the year. Business owners must file 1099 forms with the IRS and send a copy to the...
This is a guest post by John D. Milikowsky, an experienced tax attorney in San Diego. 1. When are officers, directors, and employees liable for taxes owed by a business? Short Answer: Individuals may be liable for certain taxes owed by a business, such as federal and...
