Careers span decades, but most jobs are substantially shorter. The modern career involves far more employment changes than were involved a few decades ago. While wages have stagnated at the bottom of the market, salaries for high earning knowledge workers have increased steadily over the years. During the COVID-19 Pandemic, this was further exacerbated by the ability of office workers to work from home while non-essential workers that couldn’t become remote employees found their employment and income cut short.

Most people earn some or all of their income from some manner of a job, earning wages or a salary. Employment tax issues often revolve employee status, and many decisions around corporate structure are related to the need for the owner to be an employee – on payroll – or not. The most common numbers looked at for economic health are the jobs report, unemployment rate, and wage growth rates. The increasingly flexible economy has huge benefits for those with high earnings able to utilize a variety of new services, but for lower skilled employees, they have often struggled to find permanent employment instead of a series of 1099 Gig Jobs.

We help employers determine how to classify their workforce, determining who needs to be covered by payroll vs the 1099 process. The need of the modern entrepreneur to maintain flexibility may often create counter intuitive scenarios, like an S-Corporation running owner payroll while their team is predominately 1099 Contractors.

As a small business oriented CPA firm, we help owner operators navigate these financial, legal, and moral quandaries as they build their business.

April’s Job Report & Twitter

By |2021-05-10T08:23:13-04:00May 7th, 2021|Categories: Other Perspectives|Tags: , , |

April's job report was released today and shows an increase of 266K jobs filled; unfortunately, this is far below the 1 million jobs that economists predicted. With this new information, America's recovery from the pandemic is more uncertain than ever. People are questioning their allegiance to these economists while debating our leadership's policies. As you can imagine, this news has caused an uproar on Twitter; using the trending tag #JobsReport, #Unemployment, and #+266k will bring you to the front of the action. Today's social media round-up will show both sides of the argument. Let's begin.

Biden’s $1.8 Trillion Plan & The IRS

By |2021-05-03T22:02:54-04:00April 30th, 2021|Categories: Other Perspectives|Tags: , , , |

President Biden has proposed a new  $1.8 trillion American Families Plan due to the devastating effect that the Covid-19 pandemic has had on American families. To most, this seems to be an excellent thing.

Why Are People Moving to Florida?

By |2021-05-03T22:02:35-04:00April 1st, 2021|Categories: Other Perspectives|Tags: , , , , , , , , |

Why are people moving to Florida? Spoiler Alert: It's not just the weather. With nearly 1,000 people moving to Florida every day, it seems like everyone on Twitter has an opinion about it.

Stimulus Check Was Never Received?

By |2021-05-03T22:02:02-04:00February 25th, 2021|Categories: Quickies with Bette|Tags: , , , , , , |

If you're one of the unfortunate souls who were qualified for a stimulus check but did not receive one or received less than you should've; worry no more! When you file your taxes this year, there will be a section just for you called the recovery rebate credit.

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