year-end tax strategies for businesses

6 Year-End Tax Strategies for Businesses

Steven G. Albert, CPA, MST Tax Planning For Businesses, Business Management, Tax Reform Leave a Comment

As you enter the final stretch of the year, it’s time to figure out how to limit your business’s tax liability for 2019. Make sure your year-end tax planning is …

Paid Leave

DC Paid Family Leave Program Requires New Employer Payroll Tax

Christine Williams Business Management, Tax Planning For Businesses Leave a Comment

As of July 1, 2019, employers in the District of Columbia (DC) are required to pay a 0.62% quarterly payroll tax that will go towards the Paid Leave Implementation Fund. …

DC tax-exempt

DC Issues New Rules for Tax-Exempt Status

Marc Friedman, CPA Tax Planning For Businesses, Non-profit Leave a Comment

If you have a tax-exempt organization in the District of Columbia, changes are coming your way in 2019. Effective January 1st, the Office of Tax and Revenue (OTR) now requires …

1099 Forms

It’s Time to Issue 1099s to Independent Contractors

Steven G. Albert, CPA, MST Business Management, Tax Planning For Businesses Leave a Comment

Now that we are in 2019, it’s time to issue 1099s for last year to your eligible subcontractors. A Form 1099 is required for any non-employee compensation that was paid …

401(k) loan

Employee vs. Independent Contractor: How to Know the Difference

Steven G. Albert, CPA, MST Tax Planning For Businesses, Tax Planning For Individuals Leave a Comment

If you own a business, identifying those doing work for you as employees vs. independent contractors is important to government compliance. Despite such an important classification, many employers do not …

Accounting Firm

5 Advantages of Working with an Accounting Firm

Scott S. Keen, CPA Business Management, Tax Planning For Businesses 11 Comments

If you are a sole proprietor or a small business owner, you understand better than anyone just how many different hats you must wear throughout the day. One moment, you …