When deciding between W-2 Employees or 1099 Contractors, you need to consider both the tax implications and the legal status.
Florida Residency: How to Establish It
Bette Hochberger, CPA, CGMA2022-05-09T23:54:40-04:00Florida Residency means not paying state income taxes, so if you are moving to Florida, make sure you quickly get your residency established.
1099-NEC Forms – How to
Bette Hochberger, CPA, CGMA2021-05-05T21:03:43-04:00This video will walk you through the 2020 filing season, so in 2021 new, the 1099 NEC, 1099 Non-Employee Compensation. This form replaced 1099 Miscellaneous, or Misc. So if you have contractors, subcontractors, independent contractors, whatever you want to call them, people who are not employees, not on regular payroll, you're going to need to fill out this form to report what you paid them if it was over $600. So I figured the best thing would be to go ahead and let's walk through it together.
IRS Form 4868 – 2019 Version
Bette Hochberger, CPA, CGMA2020-12-01T00:23:14-05:00Because of the novel Coronavirus, COVID-19, the IRS moved tax deadlines to July. This may create challenges for quarterly payments, since your business results are likely different than in the past.
PPP Info: WTF to do with PPP??
Bette Hochberger, CPA, CGMA2020-12-01T00:29:48-05:00The PPP Program evolved into the largest part of the COVID-19 Stimulus program. While the SBA has continued to tweak rules, this historic video advises on how to implement your PPP Program.
COVID-19 – STIMULUS AND LOAN APPLICATION SUPPORT
Bette Hochberger, CPA, CGMA2020-12-04T00:02:50-05:00CARES Act, the Stimulus Act for the COVID-19 novel Coronavirus, had a lot of moving parts. This was Bette's summary from May 22, 2020.
COVID-19 Stimulus Webinar
Bette Hochberger, CPA, CGMA2020-12-01T02:54:17-05:00Part of the COVID-19 Webinar series, advising on how to maximize your COVID-19 Stimulus benefits.
2020 COVID Stimulus Options
Bette Hochberger, CPA, CGMA2020-12-01T02:55:39-05:00April 3rd CARES Act / COVID-19 Stimulus options. Reviewing the PPP - Paycheck Protection Program, EIDL - Emergency Injury Disaster Loan, and more.
The Difference between Income and Cash
Bette Hochberger, CPA, CGMA2020-12-01T01:30:15-05:00One of the biggest challenges for small business owners is understanding the difference between Income, an Accounting Concept, and Cash, the money that they actually take out of their business. https://www.youtube.com/watch?v=UD5-cYWwa3o One particular thing that I had a discussion about multiple times in the last two months is income versus cash. Now most of my [...]