Posts Tagged ‘common law’

QuickBooks – Know Your Roles

Understanding QuickBooks roles when using QuickBooks is critical, and the failure of an employee to know and understand their role can be highly destructive of the software’s usefulness. An example is the failure to use items or using them incorrectly.

Recording Sales

Items are essential to the correct functioning of QuickBooks. Without the use of items there is very little you can do in QuickBooks. Items are used in recording Read the rest of this entry »


Inconsistent Income Tax Decisions

As you are certainly aware, the U.S. Federal Income Tax code is sometimes quite vague. A number of years ago I read about a little test where the same tax information was taken to a certified public accountant (CPA), and several other tax preparers. When each had completed a sample return for the same information, each return was different. Something is wrong here. Seriously wrong!

Another Case in Point

In a previous posting (Independent Contractors – Know the Rules) the rules used by the Internal Revenue Service (IRS) to determine whether someone was an independent contractor or an employee were discussed. There it was pointed out that the IRS uses several criteria to determine whether someone is a contractor or an employee. Among the things considered are Read the rest of this entry »


Independent Contractors – Know the Rules

Businesses are always looking for ways to save money and should be. Unfortunately they often choose a method that may come back to haunt them.

So You Want to Give Employees a Break?

Years ago I was joined a company that paid some of its employees a draw and commissions on top of that. For this they were treated as employees and the applicable taxes deducted and remitted along with the company’s portion of taxes. However, this company also Read the rest of this entry »


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