RaviB CPA, Ashburn, VA Videos
Videos by RaviB CPA in Ashburn. We help you get the right set up in accounting set-ups, taxes, IRS representations, consulting servi
There are a lot of nuances to be aware of when deciding to run a business, such as which form of operation to pick. Weigh the pros and cons of each structure before deciding. A sole proprietorship requires the least amount of recordkeeping, but it is not perfect for every business. Another common mistake is whether owners should pay workers as independent contractors rather than employees since payroll can be tedious and expensive. For example, if the IRS finds out that you chose independent contractor as the option when they were more involved like an employee, you could be liable for penalties and back taxes. Choosing the correct type of employment can do a lot for you in the long run. For all your tax-related questions, contact us at (703) 543-9258. We’d love to help you!
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There are a lot of nuances to be aware of when deciding to run a business, such as which form of operation to pick. Weigh the pros and cons of each structure before deciding. A sole proprietorship requires the least amount of recordkeeping, but it is not perfect for every business. Another common mistake is whether owners should pay workers as independent contractors rather than employees since payroll can be tedious and expensive. For example, if the IRS finds out that you chose independent contractor as the option when they were more involved like an employee, you could be liable for penalties and back taxes. Choosing the correct type of employment can do a lot for you in the long run. For all your tax-related questions, contact us at (703) 543-9258. We’d love to help you!