by Ryan Foust | Apr 3, 2012 | Accounting, Economy, Tax
The minutes from the March 13th Federal Open Market Committee (FOMC) meeting were released today, and the idea of a fourth round of asset purchases (a.k.a. quantitative easing) seems to be no more than a remote possibility. The FOMC is the policy making committee of...
by Ryan Foust | Apr 3, 2012 | Accounting, Economy, Tax
New studies highlighted in a New York Times article today show that “…the recent recession may have brought about an enduring shift in the geography of American growth.” It goes on to say that, “Various kinds of economic activity, including...
by Ryan Foust | Feb 16, 2012 | Accounting, Tax
One confusing area of church payroll is how to handle Social Security & Medicare taxes for Ordained/Licensed ministers. Ordained/Licensed ministers are considered to be self-employed when it comes to their income from the church. This means that churches are not...
by Ryan Foust | Feb 8, 2012 | Accounting, Tax
One of the things that have been on the IRS’ radar in recent years is employee mis-classification. Companies are tempted to classify workers as contract labor rather than employees because it saves them money on taxes. Others just simply don’t know the difference...
by Ryan Foust | Feb 2, 2012 | Accounting, Tax
Staying on top of 1099’s Another January has come and gone, and for us accountants, that means the headache of 1099’s is behind us for another year. The best way to avoid those January woes is to stay on top of collecting W-9’s throughout the year. Here’s a brief...
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