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Year: 2011

Miami Home Healthcare Accountants Bad Debt Recovery

Miami Home Healthcare Accountants Bad Debt Recovery Miami Home Healthcare Accountants Gustavo A Viera CPA we’re concerned as the economic recession continues and with the rise in unemployment, Home Healthcare Accountants must deal with accelerated growth in bad debts in addition to the myriad of other financial and operating challenges presented during the downturn. Home Health Agency …

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IRS Gets Tougher on Classifying Independent Contractor vs Employee

If you treat workers as independent contractors who are really employees and fail to withhold payroll taxes the IRS can reclassify them and assess potentially crippling retroactive penalties.  For many, a key way out of this mess is Section 530, a tax relief provision that can let you keep even an erroneous classification.  Under this provision, a business can treat an individual as an independent contractor if:It never treats the person as an employee;It does not treat any other person with a substantially similar position as an employee;All required federal tax returns and Forms 1099 show the worker as an independent contractor; and The business had a “reasonable basis” not to treat the person as an employee.
It never treats the person as an employee;
It does not treat any other person with a substantially similar position as an employee;
All required federal tax returns and Forms 1099 show the worker as an independent contractor; and The business had a “reasonable basis” not to treat the person as an employee.

Ten Tax Tips for Individuals Selling Their Home

Our Miami CPA Firm has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain from your income. Here are ten tips from the IRS to keep in mind when selling your home.

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