Sunday, April 12, 2020

Small Businesses Filing taxes: Businesses Owned and Operated by Spouses

If you and your spouse jointly owned and operated an unincorporated business and shared in the profits and the losses, you are partners in a partnership.

Fact or fiction?

Are You a Statutory Employee?

A statutory employee has a check mark in box 13 of his or her form W-2, Wage and Tax Statement.

Fact or fiction?

Sole Propietors and the Covid-19 Global Pandemic

A sole proprietor's annual income must have exceeded 25 million dollars in 2018 to qualify for any of the Corona-virus Small Business Relief Programs.

Fact or fiction?

United We Stand, Divided is a State of Fragmentation

A family is like a hard drive and can become fragmented.

Fact or fiction?

Statutory Employees During the Coronavirus Pandemic

An Independent Contractor, under common law rules, may qualify for one of the Covid-19 Small Business Relief Programs.

Fact or fiction?