Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply to reduce taxes or avoid their employee benefit obligations.
Month: April 2019
Understanding the Job Schedule: Realistic Estimates are Essential
The job schedule can help you do a better job of analyzing and improving your company’s performance, but it is essential that the cost estimates on the schedule be as realistic and accurate as possible.
How Entrepreneurs Must Treat Expenses on Their Tax Returns
Entrepreneurs are often unaware that many start-up expenses can’t be deducted right away. You should be aware that the way you handle some of your initial expenses can make a large difference in your tax bill.
Board Succession Planning Pays Off
Most nonprofit organizations know they need a succession plan for their executive director, and many have one in place. But managing transition within the board itself is a different challenge, and fewer organizations maintain board succession plans.
Deducting Business Meal Expenses Under Today’s Tax Rules
The treatment of business meal expenses and entertainment expenses became more complicated after the Tax Cuts and Jobs Act. Here’s how to get the biggest tax-saving bang for your business meal bucks.
Should you Switch from an S Corp to a C Corp?
For decades, business owners debated the merits of switching from a C corp to an S corp, mainly for the tax advantages offered by an S corp to its owners. With the new tax act in place, the debate has flipped, and S corp owners are wondering if changing to a C corp might be advantageous.
Landmark Staff Chosen for Arkansas Society of CPAs LEAD Program
Three Landmark staff members have been selected for participation in the Arkansas Society of CPAs’ inaugural LEAD program, a program designed to promote the personal and professional development of young professionals.
Understanding the Basics of the Job Schedule: Work in Progress
If your company needs to submit financial statements for bonding, you typically are required to submit a job schedule, which includes a list of all jobs open at the end of the reporting period, along with a list of jobs closed during the period.
Landmark Recognized by United Way with Excellence in Community Leadership Award
Landmark is pleased to announce it has been recognized by the United Way Fort Smith Area as the recipient of the 2018 Excellence in Community Leadership Award.
How Taxes Factor into a Merger and Acquisition Transaction
If your business is considering a merger or acquisition, it’s important to understand how the transaction will be taxed under current law.