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Archive recordings reflect their original dates; tax rules and deadlines may have changed.
One-minute answer
Dr. Friday explains how employer-provided commuting benefits like transit passes and workplace parking can be tax-free. She notes that inflation adjustments may raise the monthly limits and that…
ListenDr. Friday explains how the Social Security wage base keeps rising and can increase payroll taxes for many workers. She also notes that Medicare tax stays uncapped, so…
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Small business & self-employed
Is an S corporation or a C corporation better for your business? Dr. Friday explains the pros, cons, and tax implications of each.
ListenDr. Friday emphasizes the importance of reviewing and adjusting your W-4 form to ensure correct tax withholding throughout the year.
ListenOne-minute answer
Small business & self-employed
In this episode, Dr. Friday highlights the tax differences between various business entities, such as LLCs, partnerships, and corporations. While popular choices like LLCs and S-Corps can offer…
ListenSub S corporations, you need to listen up. If you're operating under a small business corporation and you are not paying payroll, you are probably going to look…
ListenDid you know the government can garnish a criminal 401K to pay RESPA restitution, which basically means if they consider what you've done criminal, for example, if you…
ListenMisclassified workers remain a priority for the IRS. They now have their own division within the IRS trying to identify misclassified isn't is firms are trying to circumvent…
ListenOne-minute answer
Bookkeeping & payroll
Did you know the government can garnish a criminal 401k to pay recipe restitution, which basically means if they consider what you've done criminal, for example, if you…
ListenMisclassified workers remain a priority for the IRS. They now have their own division within the IRS trying to identify misclassified workers. The reason is firms are trying…
ListenAnd for any of you that have applied for PPP 2 which is the Payroll Protection Plan, if you haven't already, you need to make sure you have…
ListenLet's talk about something that is due on February 1. But our 1099 and this year have we had a change. They have brought back the 1099 NEC.…
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