by Leif Jensen | Apr 3, 2024 | Employees |
The Dept. of Labor has finalized its new independent contractor rule. It will take effect March 11 and largely hews to the draft regs the agency proposed in Oct. 2022. The rule includes six nonexhaustive factors officials will use to determine whether a worker should...
by Leif Jensen | Mar 27, 2024 | Rant |
The recent changes over the past few years are making it ever more difficult to cheat on your taxes. This in one way is a good thing and in another a bad thing. Yes, everyone should be paying their fair share of taxes. All income is taxable and needs to be reported...
by Leif Jensen | Mar 25, 2024 | Taxes |
If you use QuickBooks Payroll to do your payroll that’s fine. Made sure you are downloading all of the quarterly reports and keeping them safe. We had one client who used the QB service, did not save the files, then went out of business. Two years later the IRS was...
by Leif Jensen | Mar 20, 2024 | Running a Business |
We currently use QB Accountant payroll for those clients we prepare payroll for. We are limited to 50 payrolls, and we are practically at that limit. So, we have all the fun of doing payroll as well as the quarterly and annual reports associated with payroll. This...
by Leif Jensen | Mar 18, 2024 | Running a Business |
We have picked up a couple of new clients that want to deduct their household expenses as business expenses. They have an office that they rent, but also want to write off their mortgage. They state they work from home. True they may do some work on their business...
