Hiring Independent Contractors? Make Sure They’re Properly Classified

As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be an expensive mistake. The question of whether a worker is an

Succession Planning Series: Tax Implications of Your Exit Plan

The tax implications of your exit plan will vary depending on the strategy you choose. Here are some common exit plans.