In today’s business environment, where many businesses find they cannot retain key employees without offering equity interests in the businesses, partnerships often grant employees interests in the company. Even a very small partnership interest, however, can cause the employee to be treated as a partner, not an employee, for federal tax purposes, while the partnership […]
self-employment
Summertime Tax Tips
Summertime is ideal to reassess your tax strategy and overall income situation and look to rectify mistakes made during the tax season and stay in good stead for the rest of the year. Here we are discussing and providing a few summertime tax tips for you. Quarterly payments protect you from paying penalties or […]