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What’s Your IRS Audit Risk?
What’s Your IRS Audit Risk? Do You Feel Lucky? No one wants to be audited. And yet as a Tax Accountant advising clients about tax issues, I’m required by Treasury Department rules to assume every return will be audited. In truth, there might be only a …
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Sink or swim – Starting a New Business
Sink or swim – Starting a New Business If you’re Starting a New Business you should, like any successful entrepreneur, start with a vision. Aspiring to Starting a New Business you must imagine the type and caliber of customers they wish to serve. They must invest in the …
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W2 vs 1099
W2 vs 1099 For most of us the actual difference between 1099 Independent Contractors and W-2 Employees is clear cut for several reasons. But there are many of us out there that have never encountered the W2 vs 1099 questions or never even thought to discover …
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IRS Gets Tougher on Classifying Independent Contractor vs Employee
IRS Narrows Independent Contractor Relief If you treat workers as independent contractor who are really employees and fail to withhold payroll taxes the IRS can reclassify them and assess potentially crippling retroactive penalties. For many, a key way out of this mess is Section 530, a tax relief provision …
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10 Tips About Your IRA Contribution
This year, you have a few extra days to make IRA Contribution to your traditional Individual Retirement Arrangements. That’s because Emancipation Day, a legal holiday in the District of Columbia, will be observed on Friday, April 15, 2011, which moves the due date for filing your …
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Do I Need an Accountant or CPA?
Do I Need an Miami Accountant or CPA? If you’re like most Americans you probably have a good handle on completing your income taxes on your own. Over the years it has become incredibly easy for anyone with a computer thanks to TurboTax to sit …
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Warning Signs it’s Time to Change Your Accountant
Warning Signs it’s Time to Change Your Accountant Are you considering firing your current Accountant in favor of a new one? If so, you’re probably not sure if you’re overreacting or if you have just cause. The following warning signs will help you decide if it …
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Ways to find a Good Tax Accountant
Ways to find a Good Tax Accountant Letting an tax accountant take over your finances makes sense as their experience and knowledge can make your money go further. However, finding a good tax accountant can be tough as you are putting your finances and personal information …
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I Use QuickBooks – Do I also Need an Accountant?
I Use QuickBooks – Do I also Need an Accountant? The traditional role of an accountant is changing. In previous years a small business would class a good accountant as one of the fundamental requirements when starting a business. Their support and guidance towards all …
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Beware Personal Liability For Payroll Taxes
Beware Personal Liability For Payroll Taxes Even if you’re not the owner of the company, if you’re the person “Responsible” for paying Payroll Taxes, the IRS will hold you accountable along with the owners. Employers of all sizes know failing to pay wages to employees …






