EMPLOYEE or Independent CONTRACTOR?
Before hiring individuals to work as independent contractors, businesses should make sure they are on solid ground treating the workers as contractors rather than as… Read More »EMPLOYEE or Independent CONTRACTOR?
Business
Business Tax Tips for Federal and State Tax Tips by Hedley & Co. CPA with offices in Clifton Park, NY serving Saratoga County, Albany County, Schenectady County and beyond. Business tax planning is a critical part of your overall tax preparation strategy.
Taxing Decisions – Car and Home Office Expenses
Do you use your car for business driving or maintain an office in your home? In either situation, you may have a choice of methods… Read More »Taxing Decisions – Car and Home Office Expenses
The 2015 Tax Year is Here!
NEW (TAX) YEAR The 2014 tax year is pretty much a wrap. There’s not too much individual taxpayers can do to change the outcome. But… Read More »The 2015 Tax Year is Here!
Hobby or a Small Business?
Do you have a hobby or a business? A recent Tax Court decision reminds us of the importance of keeping good records. The Tax Court… Read More »Hobby or a Small Business?
Social Security Wage Base for 2015
Social Security Wage Base The Social Security Administration (SSA) announced that the maximum earnings subject to the Social Security component of the FICA tax will… Read More »Social Security Wage Base for 2015
Helpful Hints for Personal and Business Life
You may try to keep your personal life and your business life separate, but they’re bound to overlap, sometimes in surprising ways. Case in point:… Read More »Helpful Hints for Personal and Business Life
Key Business Tax Changes for 2014
On December 19th, 2014, the president signed the Tax Increase Prevention Act of 2014 into law. It is a one year (retroactive for all of… Read More »Key Business Tax Changes for 2014
DISCOUNTING: It’s Complicated
Things were considerably different ten years ago when Marty opened Widget World. She was the only game in town, and online shopping was still somewhat… Read More »DISCOUNTING: It’s Complicated
You May Need to Issue 1099’s
How do you know if you need to issue 1099’s? Many of our clients who own or run a business have asked about the IRS… Read More »You May Need to Issue 1099’s
Why Your Business Needs a Budget
Why Your Business Needs a Budget to make informed decisions. Isaac knows that having a budget is key to running a successful small business. But… Read More »Why Your Business Needs a Budget