Businesses have to determine whether their workers are considered independent contractors or employees for tax purposes. This decision is usually made at the outset of the relationship, when the terms are being drafted between the employer, and the individual (Employee or Independent Contractor). Outlined are key differences to classifying individuals as employees or independent contractors:
Employers can experience an even more stressful tax season than most individual tax filers, especially with a single form mistake. This is due to tax forms that they must submit for their employees. Employers, beginning in the 2016 tax year, are required to submit Form W-2s to the IRS by January 31st instead of the
As 2017 is nearing an end, it’s time to consider how to prepare for the 2018 tax season. We’ve compiled a list of changes that taxpayers should be aware of for the upcoming tax season. Thankfully, there is still time to take advantage of any tax tips before the end of the 2017 tax year:
Franchise tax is a “privilege tax” on business entities that are incorporated or do business in a particular state. It is considered a privilege tax since it is essentially charging the business for the privilege of operating in the state. This tax, unlike income tax, is based on the net worth or the capital
SimpleForms was created to help understand the confusing language in required paperwork. To stop individuals from guessing and blindly completing important documents and creating a easy to use portal between employees and companies.
We store the information the businesses need and provide support to the employee. By creating the pre-step to tax platforms, SimpleForms is the ideal middle between Payroll and Accounting systems.