Employee or self-employed? It matters in the eyes of the tax law

Running your own business can feel like it takes more time than God created, and too often household tasks are sacrificed. Consequently, many people hire someone to help with various tasks, such as housecleaning, child care and yard work. While that may relieve the stress of completing those duties, it’s important to recognize the tax […]

School’s out for the summer, so let’s get to work

School is out for the summer, which is an ideal time for your children to earn a little money and gain some experience at the same time. Bringing them in to work for you is a good idea, but first, keep in mind the following when employing family members: Make sure the job is legitimate. Your […]

New year is a good time review deposit rules

Now that the calendar has turned to 2015, this is a good time to remind employers of the 941 tax deposit rules. These employment taxes include (1) both the employee and employer share of FICA tax; (2) the additional 0.9 percent Medicare tax withheld from employees’ wages; and (3) federal income tax withheld from employees’ […]