The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
News · 3 min read ·
Contractor VS Employee Part 3 (Behavioral Control)
In the last two posts I discussed the usual costs associated with hiring an employee and a quick overview of the guidelines the IRS uses to determine if a worker is an employee or a contractor. If you’d like to read t…
Read article
News · 2 min read ·
Contractor VS Employee Part 2 (Determining Factors)
In the last post I shared some of the costs you incur when hiring an employee. If you missed the post, you can read it here: /?p=1001 Today I'll discuss some of the factors the IRS uses to determine if the worker shou…
Read article
News · 2 min read ·
Contractor VS Employee Part 1 (Costs)
Many business have looked at the cost of hiring an employee versus a freelance worker and have decided to classify them as a 1099 worker to save money. Unless the worker actually qualifies under IRS and state guidelin…
Read article
News · 5 min read ·
Important 1099 Information - How To Fill Out Forms
In the last post, I discussed the exceptions to the 1099 rules. If you missed the post, you can read it here: /?p=982 . Today I'm going to explain how to properly fill out the forms required by the IRS. There is a lot…
Read article
News · 2 min read ·
Important 1099 Information - Exceptions
In the last post, I shared some basic information on who is subject to report, as well as who is subject to receive form 1099-MISC. If you missed that post, you can find it at /?p=976 . There are exceptions to the rul…
Read article
News · 2 min read ·
Important 1099 Information - Who Should Receive?
As business owners, we are required to file 1099 forms for vendors we've paid if the purchases and those who have been paid fall into certain categories. These forms are due to the recipient by January 31, and to the…
Read article
News · 2 min read ·
What to Expect for IRS Refunds in 2013
Although I do not prepare income tax returns for clients, I like to share important information regarding tax issues. Here is one I think you may find quite interesting considering all of the talk of the fiscal cliff…
Read article
News · 2 min read ·
Happy New Year!
Can you believe it is already December 31st? I don't know how it is possible. Time seems to be going faster and faster for me. I don't know if it's because I have so much I'm involved with that the time just flies, or…
Read article
News · 4 min read ·
Tax Rules for Charitable Giving
Individuals and businesses making contributions to charity should keep in mind some key tax provisions that have taken effect in recent years, especially those affecting donations of clothing and household items and m…
Read article
News · 2 min read ·
Additional Medicare Tax
Due to the passing of Obamacare, a new Additional Medicare Tax goes into effect starting in 2013. The Additional Medicare Tax applies to an individual’s wages, Railroad Retirement Tax Act compensation, and self-employ…
Read article
News · 2 min read ·
Electronic Waste Recycling Fee
Have you ever bought something from a store and been charged an e-waste fee and wondered what it was for? California has a regulation that imposes a fee on the purchase of new or refurbished covered electronic devices…
Read article
News · 2 min read ·
Worker's Compensation Employer Fraud
As employers, it is mandatory that worker's compenstion coverage is in place in the event an employee is injured on the job. Many employers see this as a large expense which has an impact on the profit of the business…
Read article
Ready when you are
Ready for the books to feel lighter?
Start with a simple conversation. We’ll learn what you need and decide together whether we’re the right fit.
Start a conversation