Entries from June 2011 ↓

Are Employees Required? Discover the main situation that ruins most of the strategies that our competitors promote.

Employment: Generally, employment occurs when an employer engages the services of an employee for pay. An “employer” can be any employing unit such as a sole proprietor, joint venture, partnership, limited liability company, or corporation. An “employer” can also include associations, trusts, charitable foundations, nonprofit organizations, public entities, and other organizations. An individual is determined to be an “employee” under common law rules or by application of specific statues.

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Corporate Credit

The real truth about corporate credit, some things in life are not as easy as others tell you.

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Corporation: Corporate Officer

Corporate officer was responsible person despite not having check-signing authority. U.S. v. Steven Lindsey, (CA 10, 10/7/2002) 90 AFTR2d 2002-5468. The Tenth Circuit has upheld a determination of the Utah district court that an individual was a responsible person for purposes of liability for unpaid employment taxes despite the fact that he had no authority to sign checks for the employer corporation.

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Update on Internet Tax Freedom Act

Discover what is currently happening with the Internet.  THE INTERNET TAX FREEDOM ACT (THE “ACT”) ENACTED IN OCTOBER, 1998, provided a general three-year moratorium on the taxation of electronic commerce. It established the Advisory Commission on Electronic Commerce (the “Commission”), which, earlier this year, reported its findings to Congress. Unfortunately, the composition of the Commission was split evenly between persons representing states wishing to expand their taxation rights and persons representing the businesses being taxed. Independent persons did not play a part in the composition of the Commission, and hence, with their being a required consensus for making recommendations to Congress by a two-thirds vote, only three non-controversial issues were recommended.

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Is Your Internet Business Subject to Sales Tax?

Discover key differences you need to know about collecting sales tax!

Electronic Software Distribution:

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