Business POST Covid 19
2020 Corporate Tax Report, how Covid 19 has changed the technology landscape.
Miss an EIP payment from the IRS in 2020? There may still be an opportunity to claim.
Intuit Inc. – Intuit and Credit Karma Receive Clearance from Department of Justice for Acquisition of Credit Karma
End-of-year checklist for small businesses | QuickBooks
Free Consultation Available!
Should You Use QuickBooks Desktop or QuickBooks Online? | business.com
Self Employed? Independent Contractor??
It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors.
Please see IRS – SELF EMPLOYED CENTER for additional clarifying information.
Determining Whether the Individuals Providing Services are Employees or Independent Contractors
Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments to independent contractors.
Before you can determine how to treat payments you make for services, you must first know the business relationship that exists between you and the person performing the services. The person performing the services may be –
- An independent contractor
- An employee (common-law employee)
- A statutory employee
- A statutory nonemployee
- A government worker
In determining whether the person providing service is an employee or an independent contractor, all information that provides evidence of the degree of control and independence must be considered.
More information available here
GBC Kentucky – Washington County Tax, Accounting, & Life Insurance Store #29
GBC Kentucky – Washington County Tax, Accounting, & Life Insurance Store #29 919 KY-433, Mackville, KY 40040 (502) 627-0557
Dear On The Fly Designs community,
We Miss Y’all! FR
Please know, that you can count on us to maintain your privacy, practice & operate with integrity, commitment, & passion, and ALWAYS – do the NEXT RIGHT THING, for all of our clients.
WHATEVER you need help with, reach out. If we are unable to assist, help or do it, I have many Partners that can.
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As always, we will continue to provide unique products and services for both your professional and personal lives!
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