Here’s what happened on Tax Relief Center
What tax forms do I need for a new employee? You might find yourself asking this question now that you are about to hire your employees. We are going to answer that question in this blog post. Below are 3 crucial tax forms you should include in your new hire forms checklist… Click to read more
It is this time of the year this question “are bonuses taxed differently than commissions?” is at the back of everyone’s head. Some may also ponder on this question “how are bonuses different from commissions in the first place?” Or, “Why are commission checks taxed at a higher rate?” But to put an end to these nagging questions, let’s explore and answer them in this blog post… Click to read more
Sacrifice the middle class — this is how Republicans solved their tax math problem. In an attempt to correct their tax bill, the G.O.P.’s new plan turns to increase rates for everyone except corporate America. Their attempt to comply with the Byrd rule only leaves their bill with more loopholes. Find out more about this news from The Vanity Fair below… Click to read more
Receiving a bonus eases the burden of how to make ends meet, or for some, a great way to pad their wallet. For whatever reason, there’s still a concern on the question: how are bonuses taxed? Luckily, there is a bonus tax rate calculator for easy computing. But are there categories meant for bonuses in order for them to be taxed the way it is? Well, let’s finds out, shall we? Click to read more
Those planning to leave the world of employment may have one tax-related question in mind: “what tax forms are needed for independent contractors?” Taxation rules for employed individuals are definitely different from the rules for independent contractors. And for proper compliance, both clients and independent workers need to know the difference. If you’re planning to shift to freelance work, here are some tax information you need to know… Click to read more
What have you learned about tax this week? Let us know in the comments below.