2020 has been a year of change and the IRS has some changes for 1099-MISC filers who report nonemployee compensation in Box 7 of Form 1099-MISC. The arrival for the New Form 1099-NEC to report nonemployee compensation!
Gift cards are a popular and convenient gift for all occasions. They’re also a tool that scammers use to steal money from people.
Scammers often target taxpayers by asking them to pay a fake tax bill with gift cards. They may also use a compromised email account to send emails requesting gift card purchases for friends, family or co-workers. The IRS reminds taxpayers gift cards are for gifts, not for making tax payments.
Despite their relative complexity, retirement plans are one of the best tax breaks available. By contributing to a plan, an individual can both cut taxes and save for retirement. A business that offers retirement plans can not only cut their taxes, but they also may be better able to attract and retain talented employees.
Every year thousands of new businesses are started by optimistic individuals with the entrepreneurial spirit. if you're planning to be among those starting a new business, take the steps that will increase your chances of being among those who succeed. Here's a checklist to help you get off to a good start.
On May 2, 2018, newly elected Governor Phil Murphy signed into law a statewide mandatory paid sick leave law. The law went into effect for all employers in New Jersey with an effective date of October 29, 2018.
When then President Barack Obama passed his Health Care initiative (officially known as the Affordable Care Act and not so fondly referred to as “Obamacare” by detractors), his mandate was to ensure that everyone – especially families, had health care.
Identity theft has become a major problem. Strictly speaking, identity theft occurs when someone literally steals your identity. They set up bank accounts, take out credit cards, file tax returns, and borrow money in your name.
Running your own small business isn't easy. You might be a one-person show or have a small team of people, but either way, literally everything is your responsibility. And getting it all right is damn near impossible.
Getting your debt under control most Americans have too much debt. Whether it is mortgages or credit card debt, many people simply find their debt to be overwhelming. There are two different kinds of debt, essential and non-essential.