Can you write off tax prep fees for business? If you are a sole proprietor, you can deduct accounting and tax preparation fees on Schedule C, to the extent that they are related to your business. Tax preparation costs for the personal portion of your return may be deductible on Schedule A if you itemize […]
Is Brother an Indian company?
Is Brother an Indian company? A Japanese company founded in 1908, Brother has 17 production sites (incl. Brother is now a leading brand that produces quality innovative products for the print and imaging, labelling and sewing markets. Is Brother printer available in India? One of the most popular Brother printers in India is Brother HL-L2321D […]
What is the difference between a part-time employee and an independent contractor?
What is the difference between a part-time employee and an independent contractor? A business may pay an independent contractor and an employee for the same or similar work, but there are important legal differences between the two. For the employee, the company withholds income tax, Social Security, and Medicare from wages paid. For the independent […]
What is a 401K plan and how does it work?
What is a 401K plan and how does it work? A 401(k) is a retirement savings and investing plan that employers offer. A 401(k) plan gives employees a tax break on money they contribute. Contributions are automatically withdrawn from employee paychecks and invested in funds of the employee’s choosing (from a list of available offerings). […]
Can you get disability if you owe taxes?
Can you get disability if you owe taxes? As long as you make and honor an acceptable payment arrangement with the IRS, your Social Security Disability benefits will not be garnished. In some cases, if you can demonstrate an inability to repay a debt to the IRS, you may be exempt from collection even if […]
Should invoice be sent before or after payment?
Should invoice be sent before or after payment? A receipt is different from an invoice in that an invoice is requesting payment for products or services received, whereas a receipt is proof that the services or products have already been paid for. An invoice comes before the payment has been made, while a receipt comes […]