Tag Archives: Employee

VCSP – Employer Amnesty for Mis-Classifying Employees

You can no longer get away with treating employees as freelancers. There are too many ways for your employees to turn you in to authorities. Or, to get a tax break and pay only their half of the self-employment taxes – they MUST turn you in. Before they do that, come clean with the IRS. […]

Wage Settlement From State

Today TaxMama® hears from Ken in the TaxQuips Forum with this happy news. “Several years ago I worked for a company that ran out of money and couldn’t make payroll. I continued to work for several months with the promise that the wages would be paid. Eventually, I requested a layoff and left the company. […]

Small Business Health Care Tax Credit

Courtesy of IRS Health coverage legislation enacted this year includes a Small Business Health Care Tax Credit to help small businesses and small tax-exempt organizations afford the cost of covering their workers.

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, […]

Independent Contractor Option

Today TaxMama hears from Dianne in California with this question. “I am a contracted bookkeeper for a non-profit group in CA. One of my contractors has accepted employment with the same organization in a position that is typically paid through payroll, but wants to continue to be paid using the 1099 method. Is this going […]