If you’re a small business owner, you probably consider yourself a jack-of-all-trades. That’s not necessarily a bad thing — it’s a trait that likely got your company off the ground in its earliest phases. Without a full complement of employees, there was only one person to perform the difficult tasks… [Read more]
Small-Business Hiring: Who Should Be Your First Employee?
You’ve decided it’s time you hire some extra help for your business. Congratulations! That’s a big step and a sign of growth. Being a small-business owner means knowing how to do everything yourself. The hours are grueling, and the stakes are high, and yet there is perhaps no more fulfilling… [Read more]
Are You Maximizing Your Small Business Tax Deductions?
The lifeblood of every business activity is money, and small business owners need to hold on to as much of it as possible to keep their companies afloat. The IRS gives small business owners some wiggle room in the form of tax deductions. Yet with so many available — from… [Read more]
6 Business Expense Deductions That Could Get You Audited.
While U.S. business taxation rates seem to be the largest for developed countries, these rates are often masked by the numerous tax benefits and write-offs allowed to U.S. business entities. Even though savvy business owners can effectively lighten their tax burden by deducting many business expenses, the government knows that… [Read more]
Problems with Preparing Business Financial Documents
One of the most common misconceptions business owners have about their tax returns is that their liability ends once they hand their financial information to their CPA or tax preparer. This could not be further from the truth. Each year business owners everywhere make a mistake in assuming their hastily… [Read more]
10 Myths of Worker Misclassification (Independent Contractor or Employee)
As the deadline to file your W-2s for employees approaches at the end of January 2017, many business owners have probably found themselves wondering whether or not certain workers should be labeled as employees or independent contractors. With these uncertainties come many myths about the rules of classifying workers as… [Read more]
Employees Vs. Independent Contractors: How Should You Classify?
Have you stopped to ask yourself if you are filing the wrong tax form for your employees? Form W-2’s for each employee are due on January 31, 2017. However, a common mistake made by business owners is classifying a worker as an independent contractor when the duties performed by that… [Read more]
Tax Return Reviews for San Diego Business Owners
Most business owners and entrepreneurs don’t like thinking about taxes. Deductibles and audits would be stressful for anyone, especially an individual with a company on the line. Our San Diego tax attorney at Milikowsky Tax Law offers tax return reviews for small business owners to help ensure they are getting… [Read more]
Stay Connected with Milikowsky Tax Law
If you are being audited by the IRS or are facing tax issues, you may need help handling the legalities of your situation. At Milikowsky Tax Law, our San Diego tax attorneys believe in using personalized strategies to find solutions for each of our clients. Our legal team has assisted… [Read more]
Do I Really Need to Hire a San Diego IRS Attorney?
This is perhaps one of the most frequently asked questions we hear. For most people, it is easy to think that they can handle their tax law issues on their own—especially when the person who contacted them from the IRS seems friendly. However, it is important to not be tricked… [Read more]
