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Know the Rules for Business Owners 1099s in 2018
Know the Rules for Business Owners 1099s in 2018 Over the past few years there have been a number of changes and updates regarding the reporting rules for the mysterious 1099-Misc Forms. Some business owners simply guess as to what the rules are and oftentimes get exasperated and just give up choosing to file...
10 Reasons to Own Your Parents Home
10 Reasons to Own Your Parents Home Did you know it might be a wise thing to own your parent’s home? Listed below are 10 Benefits that could help both you and your parents. Access to Cash. A Sale/Leaseback puts instant cash in your parent’s pockets without considering a reverse mortgage. Oftentimes, a...
SubContractor or Employee What's the Difference?
Subcontractor or Employee What's the Difference? This is a very important area of employment law, and far too many business owners cut corners in this area and don’t think it’s a big deal- IT IS a big deal. How you classify a ‘worker’ in your business, whether as an employee or sub-contractor, can have...
Writing Off Dining Expenses in 2018
Things have changed in 2018 when it comes to writing off meals and food expenses in your business… Mark Kohler provides us with some information below. Before 2018 business owners were able to deduct 100% certain food or dining items, now they are 50%. Also, there were certain items that were deductible up to be...
Tax Season Checklist
Tax Season is Here! Here's a Tax Preparer Checklist to Get Started Dear Tax Preparer, Tax season is here and that means making outreach efforts to potential new clients and pinpointing which major tax law updates existing clients should be aware of prior to making an appointment with you. However, there's...