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Taxes

Accountable Reimbursement Plans

The Advantage of Accountable Reimbursement Plans   Employees often incur business expenses such as travel, business use of their homes, telephone, meals and auto expenses, in the course of their job. Some or all of these expenses may be reimbursed by their employers. There are strict tax rules concerning what qualifies as a legitimate reimbursement […]

Get Your Ducks In A Row for 2017 Tax Season

As fall approaches, we look forward to the holidays. After the thanksgiving turkey and Christmas ham has been eaten, we savor to the promise of spring, only to be reminded that the 2017 income tax filing season will soon be upon us. For many people, the act of filing their income tax returns creates significant […]

Proper Classification of Workers: Employee vs Contractor

Generally, business growth is accompanied by a higher head count, which in turn is accompanied by growing tax and employee benefit challenges. Many business owners may be tempted to minimize the impact of these challenges by classifying workers as independent contractors rather than employees. However, it is critical that business owners correctly determine the individuals […]

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