The new tax law is in full effect this year, and accountants are struggling to learn it. In fact, an accountant friend of mine said he anticipated spending the next two years learning about the intricacies of the tax changes. That said, the meager or non-existent tax refunds we’re all… Continue Reading..
I try to be as comprehensive as possible with my posts, but the fact of the matter is that I often find out more on a topic after I’ve written about it. Tax fraud, in particular, is a vast and sprawling criminal industry in which innovators are constantly perfecting their… Continue Reading..
New Tax Alert: In an effort to combat the growing problem of tax fraud, the IRS has updated its rules for payroll tax filing. Instead of February 28, W2s and 1099s needed to be filed by January 31, 2017. If you have not already done so, drop everything and see… Continue Reading..
A worker is considered a contractor only if they have their own business. An example of a subcontractor is when someone contracted by the business performs work for it. The Department of Labor and the IRS have begun a renewed effort to put an end to what they call decades of abuse… Continue Reading..
Recently I was talking to an accountant friend of mine and he was telling me about one of his clients who had fallen victim to a serious scam. It all started when this person received a notice from the IRS telling him that he was due a refund from his… Continue Reading..