Category Archives: Employment

Highlights of Federal Tax Issues in June 2018

Today TaxMama® wants to update you on key tax issues that affect you this year.  

Interns and Unemployment

Today TaxMama hears from John in the TaxQuips Forum, who wants to employ students.“ The business I work for is very small. It is a nonprofit educational facility, and we are swamped with work, without financial leverage to hire additional staff.  I want to recommend the hiring of interns at a fair hourly wage.  I am […]

Hiring Incentives to Restore Employment (HIRE) Act (H.R. 2847

Today,  President Obama will be signing the HIRE Act – Hiring Incentives to Restore Employment (HIRE) Act (H.R. 2847). We’ve been waiting for this all month, since the Senate passed their version of the Bill in early March. What’s in it for you? Good News! It’s going to be easier to get a job according […]

Ask TaxMama Issue 540 – A Long Weekend

Dear Family, This week went by so quickly, I didn’t even have time to blink. Perhaps not so for some people. Working on an article, I called the IRS DC press office one morning, only to get the answering service message that the office was closed. So contacted a couple of those cool guys by […]

Computers for College

Today TaxMama hears from Linda in Kentucky with a reasonable question. “My son-in-law had on-line college classes that required him to have internet services and a computer. Do these count towards the tax credits? Also, how would he go about getting the books, supplies, gas, etc. credited?” Dear Linda, In a very odd and inconsistent […]

Tips on Tips

Today TaxMama hears from David in Arizona who got an unpleasant surprise. “I work for a restaurant that has not collected tip income info from our wait staff, and has not done any subsequent withholding. I am the lucky one who inherited payroll responsibility mid-year. I just learned of this oversight when prepping W2’s for […]

Domestic Disturbance

   Today TaxMama hears from David in Texas who needs guidance. “In the past, I employed a domestic worker and filed taxes for her. I gave her a W2, and submitted a W3 to the IRS. The IRS automatically sent me employer forms and instruction booklets this year. However, this year I no longer employee […]

Oct. 17 is Last Day for Businesses to Request Tax Credit Certification for Some New Hires

[TaxMama note: For any business needing employees who cannot afford them, this is a good alternative. The government subsidizes your hires for the first year or two. You hire and train someone who would otherwise have a hard time getting a job. You end up with either a devoted and grateful employee – or, realistically, […]

Employee vs. Independent Contractor – Ten Tips for Business Owners

If you are a small business owner, whether you hire people as independent contractors or as employees will impact how much taxes you pay and the amount of taxes you withhold from their paychecks. Additionally, it will affect how much additional cost your business must bear, what documents and information they must provide to you, […]

Job and Business

Today TaxMama hears from Jessica in Texas with a sensible question. “I have a full-time job that collects taxes, etc. I am considering starting a small business on the side. If I do, will I need to file separately from the full-time gig taxes on a quarterly basis? I can’t seem to find a good […]