Accounting and Recordkeeping - Fringe Benefits - Liability
Organization and Ownership - Taxation of Profits and Losses
Business accounting and tax preparation is a dreadful task for most Carolina business owners...
If you pay tuition, fees, and other costs for attendance at an eligible educational institution for yourself, your spouse, or your dependent, you may be able to take advantage of one or more of the education tax benefits.You can claim more than one education benefit in a tax year as long as you do not use the same expenses for more than one benefit.
Exception: Qualified expenses used to claim education benefits can also be used to eliminate the 10% penalty on premature IRA distributions.
You may claim only ...
Read the full article at http://fpsparkmancpa.blogspot.com/2017/01/education-taxbenefits.html
Employee or Independent Contractor? In order for a business owner to know how to treat payments made to workers for services, he or she must first know the business relationship that exists between the business and the person performing the services. A worker’s status determines what is needed for tax preparation; what taxes are paid and who is responsible for reporting and paying those taxes. A worker performing services for a business is generally an employee or an independent contractor. If a worker is classified incorrectly, the IRS may assess penalties on the employer for nonpayment of certain taxes.
Find the full article at http://fpsparkmancpa.blogspot.com/2016/12/employee-or-independent-contractor.html