Archive for Business

Understanding Your 1099-K

The 1099-K is a new IRS information return for reporting electronic financial transactions to improve voluntary tax compliance. You should receive a 1099-K by the end of January, 2012, if you received payments from merchant cards or third party payment networks, e.g., Paypal or Google checkout at or above the minimum reporting thresholds: gross [...]

Tax Incentive to Hire Unemployed Bradenton Workers

Benefits to Aid Employers
Employers that hire employees who were previously unemployed or only working part time may qualify for a 6.2% payroll tax incentive.  This incentive will exempt them from their share of Social Security taxes on wages paid to these employees after March 18, 2010.  The employees must be hired after February 3, 2010, [...]

• IRS Enrolled Agent