Vernoia, Enterline + Brewer, CPA LLC can help you navigate business tax for LLCs, C Corps, S Corps, Non-Profits.
When a business hires an independent contractor, the employer is generally not responsible for withholding income taxes, Social Security, or Medicare taxes from their compensation.
What Businesses Need to Know About Reporting Nonemployee Compensation Read More »
Business travel can be costly. Hotel bills, airfare or train tickets, cab fares, public transportation – it can all add up fast. The good news is business travelers may be able to offset some of those costs by claiming business travel deductions when they file their taxes.
What Taxpayers Need to Know About Business Related Travel Deductions Read More »
As the old saying goes: When something sounds too good to be true, it probably is. Taxpayers with outstanding tax bills might be tempted by businesses that advertise and offer to help them reduce their tax debt.
Companies Who Promise to Eliminate Tax Debt Sometimes Leave Taxpayers High and Dry Read More »
The IRS encourages businesses to begin planning now to take advantage of tax benefits available to them when they file their 2022 federal income tax return. This includes the enhanced business meal deduction.
The Enhanced Business Meal Deduction Read More »
The IRS provided further details on additional transition relief for certain domestic partnerships and S corporations preparing the new schedules K-2 and K-3 to further ease the change to these new schedules.
Relief for Certain Partnerships Preparing Schedules K-2 and K-3 for 2021 Read More »
Businesses that make structural adaptations or other accommodations for employees or customers with disabilities may be eligible for tax credits and deductions.
Tax Benefits of Making a Business Accessible Read More »
The Internal Revenue Service announced that beginning Oct. 18, the IRS’s large business division will accept all taxpayer requests to meet with IRS employees using secure videoconferencing.
Big Business Video Chats with the IRS Read More »
With many businesses facing a tight job market, the Internal Revenue Service reminds employers to check out a valuable tax credit available to them for hiring long-term unemployment recipients and other groups of workers facing significant barriers to employment.
Renewed Tax Credit Can Help Employers Hire Workers Read More »
During National Small Business Week, the Internal Revenue Service reminds business owners that it’s critical to correctly determine whether the individuals providing services are employees or independent contractors.
Correctly Identify Workers as Employees or Independent Contractors Read More »
The Internal Revenue Service announced it is providing transition relief to certain employers claiming the Work Opportunity Tax Credit (WOTC).
Relief for Employers Claiming the Work Opportunity Tax Credit Read More »