As you enter the final stretch of the year, it’s time to figure out how to limit your business’s tax liability for 2019. Make sure your year-end tax planning is …
DC Paid Family Leave Program Requires New Employer Payroll Tax
As of July 1, 2019, employers in the District of Columbia (DC) are required to pay a 0.62% quarterly payroll tax that will go towards the Paid Leave Implementation Fund. …
DC Issues New Rules for Tax-Exempt Status
If you have a tax-exempt organization in the District of Columbia, changes are coming your way in 2019. Effective January 1st, the Office of Tax and Revenue (OTR) now requires …
It’s Time to Issue 1099s to Independent Contractors
Now that we are in 2019, it’s time to issue 1099s for last year to your eligible subcontractors. A Form 1099 is required for any non-employee compensation that was paid …
Employee vs. Independent Contractor: How to Know the Difference
If you own a business, identifying those doing work for you as employees vs. independent contractors is important to government compliance. Despite such an important classification, many employers do not …
5 Advantages of Working with an Accounting Firm
If you are a sole proprietor or a small business owner, you understand better than anyone just how many different hats you must wear throughout the day. One moment, you …
