Below you'll find a list of all posts that have been categorized as “Taxes”
As an entrepreneur, you and everyone else have to pay your fair share of taxes. Whether you’re self-employed or running a business, filing your tax returns on time and accurately can be a dreadful task. On top of that, having a tight schedule for keeping your business afloat can often lead to missing out on some critical tax deductions apart …
Determining which form to use between 1099-NEC and 1099-MISC can prove challenging for most. Here is what each form is used for. 1099-NEC The IRS reintroduced the 1099-NEC form to declare payments of over $600 to a non-employee such as freelancers and independent contractors. The last time this form was in use was in 1982. The IRS says that …
The 2020 CARES Act allowed CVD some payroll and self-employment (SE) fees following the COVID-19 crisis. On Aug. 8, 2020, President Trump signed an executive order to authorize deferred by employers affected by COVID-19. The employees could defer the deposit and payment of their share of the social security tax on employee wages. Self-employed were allowed to defer SE taxes. …
Tax Reform Tax reform: the process of changing the way taxes are collected or managed by the government. First, tax reform can include reducing the level of taxation of all people by the government, making the tax system more progressive or less progressive. Secondly, tax reform simplifies the tax system by making the system more understandable or more accountable. On …
It’s Time to File Your Annual Reports! It’s time to file your 2018 Annual Report! An annual report is a required report that is used to update or confirm the Florida Department of State, Division of Corporations’ records. They are due each year between January 1st and May 1st for all: Corporations Limited liability companies Limited partnerships Limited liability limited …
