2020 Minimum Wage Increases

Minimum wage increases are upon us again. Each year there are areas that have a higher minimum wage than in the past. Are you in one of the states that will have a new rate? Federal wages have remained unchanged since 2009 so states have taken it upon themselves to...

Quarterly Estimated Taxes for Self-Employed Individuals

In a traditional job, an estimation of your federal and state income tax, as well as social security and Medicare taxes are taken from each paycheck. At the end of the year when you file your tax return, you will either receive a refund for the overage of taxes you...

Things to Avoid When Interviewing

Hiring a new employee can be a difficult process. Between attracting the right applicants, sending them through a screening process, and scheduling interviews, it takes a lot of work to find the right person to fit the role you’re trying to fill. By the time you...

The Difference Between Sales Tax and Use Tax

Unless you live in one of the five states that do not impose sales tax, the concept of paying a percentage of the purchase price of an item as tax is not a foreign concept. Sales tax is easily collected by sellers and paid by buyer since its rules are so...

Key Self-Employed Tax Issues

Being an entrepreneur comes with its own unique set of tax challenges. Self-employment taxes can seem complicated and overwhelming, but they actually boil down to four important categories. According to Accounting Web, the following four key issues are vital for...

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