WHO OWNS THE COPYRIGHT IN WORK CREATED BY A CONTRACTOR? A trap for the unwary It’s really basic: ownership of the copyright in work a business pays for can often be critical for successful commercialization of that work. Unfortunately, the U.S. Copyright Act contains arcane provisions that will often produce a counterintuitive result – leaving
As the 2017 tax year is coming to a close, taxpayers will begin to gather their documents and records together so they can submit their tax returns. Most taxpayers will have to report income from either a W2 or 1099 on their tax return. It is important to be aware of the differences of these
A self-employed individual is required to file an income tax return if: Their net earnings from the business were $400 or more during the tax year. If the earnings were less than $400, they will not be required to file a return. However, if the taxpayer meets any other Form 1040 filing requirement, then they
Moving into a new apartment and don’t know where to start to hang a picture frame? Don’t know anyone who can help? Don’t even have the tools to get the job done? The gig economy can address all of it. The gig economy – also known as the sharing economy, the platform economy,
Self-employed tax filers face many different tax issues as opposed to employed tax filers. We’ve compiled some helpful tips for individuals that are dealing with self-employment tax issues. Individuals are considered self-employed if they: Carry on a trade or business as a sole proprietor or an independent contractor. Are a member of a partnership that
Graduating college is exciting for any undergrad. Getting a first job is the step that follows (unless graduate school is an option). Where does one start to look for employment? Why is one company better than another? How do I match with a culture that promotes learning and growth? All valid questions. But step back
…Continued from previous post This means that the taxpayer should be prepared to hand over their relevant documentation for the tax year under audit. This is a list of records the IRS may request. The taxpayer should get the assistance of the tax professional (accountant, tax attorney, etc.) so they can properly navigate through this
Individuals and businesses are randomly selected for federal audits all the time. When this occurs, the taxpayer will receive an audit notification letter in the mail, which will generally give an overview of what documents and records are needed for certain tax years. How does this happen? After a taxpayer files a tax return with
The Internet Age has produced some unexpected trends in human behavior. Beyond universal attachment to our devices and tweeting politicians, more and more individuals are choosing some form of freelance work. By May of 2015, the number of self-employed individuals increased by over 1 million in just a year. Flexibility in schedule, autonomy and location
Small business owners, especially new ones, can be surprised by the common tax penalties of owning their own company. The many complexities of reporting taxes for small businesses can be a minefield for those who don’t know what to look for. Below are the top five issues– and penalties – that business owners incur. 1)
Streamlining completion, compliance and storage W-4 forms, i-9s and W-9s. We build in a custom forms portal and keep you fully compliant against audits.
“Working with SimpleForms was a seamless process. Their team brought energy into each step of the integration process. We look forward to working with them going forward!” -AVMA
WHO OWNS THE COPYRIGHT IN WORK CREATED BY A CONTRACTOR? A trap for the unwary
Tax Season is Approaching: W-2s and 1099s
Self Employed Vs. Employee Part II
The Gig Economy — Is it Growing?
Self-Employed vs. Employee Part. 1
Recent Grad? Rapid industry experience at Startups!
What Happens During an Audit “Part 2”
What Happens During an Audit
Successful Freelancers ALWAYS Do This
5 Highest Penalties for Small Businesses
Thinking Smarter Not Harder
Why Debt, Students and Taxes Matter