Tax Laws

Category Archives
tax extension deadline

How Will the Government Shutdown Affect the Tax Extension Deadline?

The simple answer is that the tax extension deadline won’t be affected, and you’re still expected to file your tax return. The not-so-simple answers are to the questions about how and why this is happening, how else we’re being affected, and what we can do to help ourselves.


How DOMA Overturn Affects Tax Laws

The implications of the Supreme Court’s decision on the federal defense of marriage act, also known as DOMA, are difference in a number of laws for taxpayers – specifically those who are same sex couples.  It is at this point in time that we wish to invite all same sex couples, both married and unmarried to reach out to us for any questions they may have.  While a number of changes are yet to be determined the time to act is now.

estimated tax law

Estimated Tax Law

Estimated taxes are the taxes paid periodically on your income. It is based on the predicted tax liability of the taxpayer. If you had any significant transactions since you last figured your estimates then you will want to consider how this will affect your tax bill in the future.

employee or independent contractor

Employee or Independent Contractor? Myths About Worker Classifications Busted!

Business owners across America are working to get all their ducks in a row leading up to the implementation of the Patient Protection and Affordable Care Act (PPACA) in 2015. Among many other factors that are relevant in the discussion surrounding the impending PPACA, an important decision that employers need to make is how they classify their employees for tax purposes. Generally speaking, those who are classified as employees submit the W-2 Federal Tax Form called “Wage and Tax Statement,” which is what determines how their income is to be taxed. Not only does this classification dictate the taxes that the employee is required to pay, but it also affects the employer’s responsibilities in terms of tax obligations.

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