Business and Tax Books "Knowledge is Power"

Hi All - Below are some books I encourage you to take a look at - especially the books about taxes. If you see something mentioned that may apply to your business, please bring the topic up with your accountant or attorney. Those with an * indicate books available at the public library.

1. Lower Your Taxes - Big Time*
2. Tax Savvy for Small Business*
3. LLC or Corporation? How to Choose the Right Form for Your Business*
4. The LLC and Corporation Start-Up Guide*
5. There are various reference books for using QuickBooks



Disclaimer: The above mentioned resources do not constitute tax, legal or otherwis advice. Please consult your professional tax advisor, accountant or attorney. IRS Circular 230 requires that we inform you that the advice contained herein is not intended to be used, and it cannot be used, for the purpose of avoiding penatlies that may be imposed by the IRS.

Independent Contractor (self-employed) or Employee?

Hi All - I am receiving numerous inquiries regarding independent subcontractors. I encourage you all the understand the reporting requirements to ensure you are in compliance with tax laws. There are also legal ramifications as well (please consult your attorney). This is a hot topic with the IRS and I can not stress the importance of getting this right. Please give me a call if you still have questions.

Please review this IRS guidance: Independent Contractor (self-employed) or Employee?
and Who is Self-Employed? (see 1099 annualy reporting requirements due January 31st). I also encourage you to view the webcast.

IRS Circular 230 requires that we inform you that the advice contained herein is not intended to be used, and it cannot be used, for the purpose of avoiding penalties that may be imposed by the IRS.