Let's resume the discussion of tax penalty abatement that we began a few weeks ago.As we pointed out in our April 29 post, the term "abatement" is not without ambiguity. When applied to tax penalties, it could refer to paying less - or it could refer to getting out...
Month: May 2014
Finding the line between tax evasion and tax avoidance
Large businesses play a major in the American economy. Not only do they meet the demands of consumers, but they also provide employment to thousands of people throughout the country. In order to be successful, companies employ a variety of strategies to minimize...
Employment taxes, part 2: the issue of worker classification
Last week we began discussing the rather complicated topic of employment taxes.As we noted, the term “employment taxes” is often used interchangeably with another term, payroll taxes.But the complexity concerning these taxes does not really come from the...
Employment taxes, part 1: What are employers required to withhold?
The decision to add to employee headcount is a significant one for any employer.After all, there are often good business reasons to use contractors rather than employees. In this age of the free-agent workforce, there are often such contractors available.But...