updates

Are beauty salons allowed in Tier 3?

Currently, hairdressing salons can now operate in a Covid-secure manner in all levels—Tier 1, Tier 2 and Tier 3—even if their area has been moving from ‘h...

Aug 04, 2026 • 1 READS

updates

Are there any other forms like Schedule K-1?

There are actually two more forms that the IRS calls ‘Schedule K-1’: Although these forms are similar, in this guide we’ll focus exclusively on Schedule K...

Aug 04, 2026 • 1 READS

updates

Is Workers compensation a federal requirement?

Usually state laws determine who is covered by workers’ compensation, how much the covered person receives and the procedures that must be followed. There...

Aug 04, 2026 • 1 READS

updates

What is the best time of year to buy a boat in Florida?

Most boaters agree the best time to buy a boat is during the winter boat show season. They also agree that boat shows are great opportunities to take adva...

Aug 04, 2026 • 0 READS

updates

How is tax planning tool exercised?

How is Tool of Tax Planning Exercised ? Tax Planning should be done by keeping in mine following factors : The Planning should be done before the accrual ...

Aug 04, 2026 • 1 READS

updates

What makes you a Washington resident?

The Department of Revenue presumes that a person is a resident of this state if he or she does any of the following: Maintains a residence in Washington f...

Aug 04, 2026 • 0 READS

updates

Can a partner be paid a salary?

Under the IRS’ view, an individual cannot be both a partner and an employee for purposes of wage withholding, payroll taxes or FUTA (Revenue Ruling 69-184...

Aug 04, 2026 • 1 READS

updates

Do all employees have to participate in an ESOP?

ESOP Rules Regardless of how the plan acquires stock, company contributions to the trust are tax-deductible, within certain limits. Shares in the trust ar...

Aug 04, 2026 • 1 READS

updates

What happens to LLC when sole owner dies?

A single member Limited Liability Company is dissolved when its sole member dies unless either of the following two exceptions apply: The heirs, successor...

Aug 04, 2026 • 1 READS

updates

How do I file a 1099-MISC and W-2 on my taxes?

You must list your total taxable employee compensation on the first page of your Form 1040. Add it to any other taxable income you had for the year to fig...

Aug 04, 2026 • 1 READS