How the Tax Cuts and Jobs Act Have Affected Small Business Hiring The Tax Cuts and Jobs Act has been in effect for nearly nine months, and its impact on hiring is still unfolding among the nation’s 30.2 million small businesses. The tax cuts were advertised as an avenue to fuel spending on jobs and [...]
Sales Tax Exemption Certificates: Collect the Tax or Get the Doc For every taxable transaction making its way through the marketplace, somebody should be collecting sales tax. Your clients that have businesses selling into the resale, wholesale or exempt entity markets fall under a vast web of compliance duties, with the onus on the vendor [...]
10 Warning Signs of Tax Data Theft The IRS, state tax agencies and companies in the tax industry are calling on tax professionals to be alert to the subtle signs of data theft, noting continuing cases where practitioners are victims of theft and don’t even know it. Cybercriminals often leave few signs of their [...]
Tax Reform Could Lead to a Shock in April 2019 Every summer, Mike McClure looks at his income tax withholding. The Apple Valley man doesn't want to give the government what he calls a "free loan" by having too much money withheld from his paycheck. He also doesn't want to end up owing a bunch [...]
New Rules for Submission of 1099 Forms Rules and deadlines for filing 1099 forms are constantly revised and it’s important for tax professionals to stay on top of the changes. Here are two changes coming for the upcoming tax filing season involving 1099-MISC and 1099-K. New IRS rules for submitting late 1099-MISC with Box 7 [...]
