THE SHATTERPROOF REPORT
Tax Tips: A Guide to Doing Your Taxes
While Tax Day isn’t until April 15th here in the U.S., if you own a business and you intend to follow the rules, you’ve already started scrambling. 1099s were due to your independent contractors February 1, and if you are filing an S or C-Corp tax return it’s due March 15th, and then of course person returns are due April 15th.This means that you should make sure your bookkeeper and tax advisor always have what they need from you. If you don’t or you are feeling stressed about the whole tax time scenario, here’s where we can help.
3 Steps To Avoid Misclassifying Your Contractors
With the increased rise of the “gig economy,” which relies primarily on independent contractors instead of W2 employees, there has been an equally steady climb in the number of independent Contractor (IC) misclassification cases filed against businesses. Most misclassifications are not the result of intentional violations of federal and state law, but rather, unintentional mistakes made by business owners, maybe including you, who aren’t aware of the legal landscape.