The IRS and employers are often at loggerheads over whether workers should be treated as employees or independent contractors, private-duty nurses included. When push comes to shove, an employer may have an ace in the hole: Section 530 relief. However, as shown in a new case, Pediatric Impressions Home Health,
There are a variety of things the IRS can do if your clients fail to resolve back tax issues or choose not to respond to the myriad notices the service will send. The various ways the IRS uses to collect owed taxes if indeed there is no response or resolution
“Have you ever noticed accountants are doing a job that’s been done the same way for centuries, but the rest of the world doesn’t do that?” This was just one of the questions Penny Breslin posed to her audience listening to her talk on “Non-Tax Advisory Services to Offer to
With apps being used more than ever in accounting, these professionals have a chance to take some control over where technology and vendor relations go. Accounting technology has been at an inflection point before, but not quite at the level it’s at now. Some in practice can think back to
IRS Collections is an enigma and a different kind of animal from the rest of the IRS. There are hard and fast deadlines that must be met or the taxpayer can lose their rights. What typically happens is that you acquire a collections client when these deadlines have passed. To
There could be a number of reasons why your business clients may want to add new members to their LLC. Perhaps they need funds and have decided to bring on additional owners for their financial investment. Maybe they want to expand their LLC’s services and feel the best way to
If you’re just joining us, go back to the first three columns in this series. There, you’ll find an overview of the basics of Form 1040-X, Amended U.S. Individual Income Tax Return, formerly Form 1040X. I also offered advice on how to submit a 1040-X. The Internal Revenue Service sets deadlines for filing
Women in accounting and bookkeeping often don’t feel seen or heard due to bias in the workplace, but a new generation has emerged, and they’re eliminating antiquated views about the value of the work they do. The first step toward changing the perception of bookkeeping is shifting opinions outside of
The word “inflation” has returned to people’s vocabulary. Your client probably feels the impact when they shop for groceries; everything seems to cost more. Meanwhile, the rate of return on their money market account or bank Certificates of Deposit doesn’t keep pace with the price increases they are seeing. Is
Maximizing investments is a goal for every investor and if you want to help your clients realize a better net after-tax, these tips can help. Realizing better net after-tax returns is possible with the right strategic approach. 1. Review and Update Asset Location and Allocation Clients want to save money
