Legal and regulatory debates continue to rage at both the state and federal levels, the topic … what workers may appropriately be deemed “employees” and which class of workers may be classified as “independent contractors”?Read More
Early last August, President Trump directed Treasury Secretary Steven Mnuchin to permit employers to temporarily suspend the collection of employees’ shares of Social Security payroll taxes … equal to 6.2 percent of the compensation of eligible employees.Read More
THE U.S. GIG ECONOMY The Prophecies … Now Grounded in Facts At just about this time last year, the Pearson Perspective published an article spotlighting the apparent rise of the gig economy … increasing emphasis by both employers and workers to hire and be hired as independent contractors. Another term often used to describe this...Read More
END OF YEAR TAX STRATEGIES For Business Owners and Individual Taxpayers Yes … it’s hard to believe … the 2018 income tax season is nearly upon us. Certainly, seems like we just finished with 2017. As the old adage goes, “No time like the present”, to start thinking about what steps to take to be...Read More
SUPREME COURT RULING STUNS SMALL ONLINE BUSINESSES At Stake … Comply With Tax Laws of 50 States and 3,000+ Counties To Collect and Remit Sales Taxes In a decision earlier this year, the Supreme Court of the U.S. (SCOTUS) ruled that states may collect sales taxes on sales by businesses within the state … whether...Read More
HOW TO HIRE QUALITY WORKERS IN TIGHT JOB MARKET Strategy That Includes Significant Tax Savings It’s no secret … unemployment is at a record low. That’s great for Americans who are now enjoying good jobs … and challenging for employers seeking to attract and recruit quality workers. Full employment means a diminished pool of qualified...Read More
VIRGINIA CONSUMER USE TAX Small Business Owners … Don’t Get Caught in Non-Compliance OK, Virginia small business owners … you know all about paying sales taxes, because anything requiring that tax to be collected is done so by Virginia-based sellers/vendors you deal with. Likewise, you are familiar with the sales tax because you are required...Read More
