Reasonable compensation – what is it?
Reasonable Compensation for Companies With S Corporation Status To dissuade business owners from hiding wages behind distributions to avoid paying payroll taxes, the IRS requires S Corporation owners to pay
Federal Tax filing deadline extended!
The IRS and Treasury Department have announced a federal tax filing and payment deadline extension for individual filers. Individuals can now file and pay any balance due for their 2020 tax
1099s are due by January 31st!
When you are paying an independent contractor (not an employee) and you paid them more than $600 in that calendar year, you are required to issue them a 1099 by
