Have you heard of student loans, credit card companies or other lenders “forgiving” or “cancelling” debt consumers owe to them? Sounds great,...
READ MOREAre Your Workers Employees or Independent Contractors?
by baklau | Financial Records, Taxes
There are three basic rules that the IRS uses to determine which category the people that are doing work for you fall into. Behavioral Control...
READ MOREWill your debt cancellation be taxable?
Any debt that has been canceled can be considered taxable on your income tax return. You would normally receive a Form 1099-C, Cancellation of...
READ MORESix Changes for Small Business Taxes For 2012
by baklau | Financial Goals, Financial Planning, Taxes
Although some tax changes may not have been decided on yet, there are a few that we already know will impact your 2012 business tax return to...
READ MOREWhat is a 1099-K and will it impact your small business?
by baklau | Financial Records, Taxes
There is a new form that came out this tax season that had a lot of small business owners confused; this is the new 1099-K Form. It is...
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