by Steven J Weil, PhD, EA, LCAM | Sep 23, 2019 | Business Tax, Payroll Preparation
Written by IRS | Posted in Workers Classification Rules Significant tax consequences result from the classification of a worker as an employee or independent contractor. These consequences relate to withholding and employment tax requirements, as well as the ability...
by Steven J Weil, PhD, EA, LCAM | Sep 16, 2019 | Blog
Eliminating unnecessary expenses can be one of the fastest ways to add profits to the bottom line. This is because while only a percentage of any additional sales is available to increase the bottom line, depending on the direct costs of the services or products you...
by Steven J Weil, PhD, EA, LCAM | Sep 13, 2019 | Blog
It has happened again; I got a call from someone that wanted to know if we could get their S-Corporate return done by Monday, as the “person I have been working with just stopped returning my calls and emails.” When I asked if they went by the person’s office to...
by Steven J Weil, PhD, EA, LCAM | Sep 12, 2019 | Blog
The state of Illinois signed SB 1515 into law on August 26, 2019. It repeals the previous law pertaining to state individual income tax withholding requirements for out-of-state residents. Now, nonresidents who spend 30 days or more working in Illinois during the...
by Steven J Weil, PhD, EA, LCAM | Sep 7, 2019 | Business Tax
United States Tax Court ruled in the case of Denise Celeste McMillan v. Commissioner of Internal Revenue on August 26, 2019. That her horse business no longer existed with the death of her last horse. Ms. McMillan challenged the IRS on disallowing her deductions for...
