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Watch Out for Form W-2 Pitfalls

At the end of every year, most businesses go through the process of filling out a Form W-2 for each employee, which can make for a very stressful time. The pressure of knowing that even the smallest of mistakes can result in costly consequences can make business...

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Taxes & Divorce

Is your relationship ending? If so, you are likely feeling a lot of sadness, confusion, dissatisfaction, and unhappiness. In addition to all the emotions that arise in the face of separation and divorce, you're also expected to think about the way your tax filing...

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What is a Living Will?

Could you imagine being in a situation where you can't communicate the type of medical care you want to receive? There's nothing more frustrating than not being able to make your preferences known. When it comes to emergency treatment, time may be limited, so making...

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Payroll of the Future

The relationship between an employee and an employer is a professional one. Employees do work for employers, who then pay said employees for their time and effort. But beyond the basic dynamic of employee-employer relationships, how do you establish a situation where...

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Setting Up a Business? Don’t Forget the Taxes!

In a recent announcement, the IRS is reminding would-be entrepreneurs of the importance of understanding the tax implications of setting up their own businesses. To start with, you have to choose a form for your business. Your choice has many implications for taxation...

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Guide to Basic Reporting Requirements for 1099s: MISC & NEC

The IRS is trying to make complying with the new lower filing requirement easier. Starting with the 2023 filing year, if a company has 10 information returns to complete, they will be required to electronically submit them to the IRS. This total is an aggregate...

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