When a "non-employee," such as an independent contractor, is paid $600 or more during a year, you must report the total amount paid on Form 1099-MISC.  You must provide the 1099-MISC to both the independent contractor and the IRS.

Form 944, Employer’s ANNUAL Federal Tax Return, is optional starting in 2010

Effective January 1, 2009, corrections to Employment Tax returns are made via an “X” return, such as the Form 941X...

EITC stands for Earned Income Tax Credit. This is a refundable credit, meaning qualifying taxpayers can receive refunds even if they had no tax withheld

A big advantage to operating your own business is the ability to hire family members. The rules vary, depending on the family relationship and the business entity type such as sole proprietorship, partnership, etc.

The presentation provides a general overview of the reporting and withholding requirements on payments to foreign persons. Definitions include withholding agents, resident aliens and non-resident aliens. Withholding and reporting requirements of payments made to foreign corporations and nonresident aliens sourcing of income, effectively connected income, are all discussed. References to related topics are also provided. A question and answer period and Power Point presentation are included in the program.

Our experts discuss tips on filing Form 8027, how to allocate tips, common errors and much more.

Using a payroll provider allows small business owners and self-employed individuals to devote more time to their business instead of spending it on payroll duties.  A payroll provider can help ensure forms are filed and deposits are made on time. This helps streamline business operations.

Worker classification determinations are made on a case-by-case basis that depend on the specific facts and circumstances.