- Can You Deduct a Home Office, and Is It Worth It?
- Home office is a term used to describe the tax deduction for the business use of your home, which may or may not be an office. It is often misunderstood and claimed by those who don’t qualify for it or not claimed to the taxpayer’s best advantage. Understanding the requirements, options, limitations, advantages and disadvantages will help you determine if you qualify for the deduction and whether it is right for you.
- Does Your Employer Misclassify You as an Independent Contractor Instead of as an Employee?
- It is not uncommon for employers to misclassify employees as independent contractors, either to intentionally avoid their withholding and tax responsibilities or because they are not aware of the laws regarding the issue. If your employer reports your income on a Form 1099 (as opposed to a W-2), you are being treated as an independent contractor, not as an employee. This can have significant ramifications in terms of how much you have to pay in income, Social Security, and Medicare taxes.
- Financial KPIs: What They Are and What You Need to Know
- It's easier than ever for business owners to monitor the health of their organization through financial KPIs.
- Quickbooks Tip: How to Keep Your QuickBooks Data Safe
- You work hard to make sure your QuickBooks data is accurate. Make sure it’s safe, too.
- Big Tax Break for Adoptive Parents
- If you are an adoptive parent or are planning to adopt a child, you may qualify for a substantial income-tax credit. The amount of the credit is based on any expenses incurred that are directly related to the adoption of a child under the age of 18 or a person who is physically or mentally incapable of self-care.
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