The Inflation Reduction Act’s Tax Law Changes

The Inflation Reduction Act’s Tax Law Changes

On Friday the House of Representatives passed H.R. 5376 commonly referred to as the Inflation Reduction Act (IRA).  The Act’s key drivers are to control runaway inflation by way of reducing prescription drug prices for the average American, reducing energy costs and...
Employee vs Independent Contractor Misclassification

Employee vs Independent Contractor Misclassification

Employee vs Independent Contractor Misclassification Companies sometimes look to hire independent contractors instead of employees for a number of different reasons.  A company may choose to classify a worker as an independent contractor for legitimate business...
Employee vs Independent Contractor Misclassification

The Emergency Coronavirus Relief Act of 2020

Congress passed the bipartisan COVID-19 Emergency Relief Act on December 21, 2020 and sent it to President Trump’s desk for signature. While the bill provides relief to a variety of areas in the economy, below is a summary of points that we have been asked about...
Employee vs Independent Contractor Misclassification

Personal tax implications of working from home

Many taxpayers who originally thought that working from home would be a temporary circumstance are beginning to find out that their arrangements may become more permanent, and are also learning there are a myriad of tax implications to be aware of.  The tax items may...