California law presumes that a person who performs work for a business is that business’s employee, and it places the burden of establishing otherwise on the business. A business that fails to carry that burden owes the wages, expenses, and payroll taxes it would have owed had the worker been classified as an employee from the outset. Some of that liability can reach an owner or officer personally. Consider a commercial cleaning company in Roseville with twenty-two employees

Estate planning is an essential process for individuals and families in Roseville, CA, and Placer County, ensuring that assets are properly distributed and protected. One of the most common questions we receive is: Are attorney fees for estate planning tax deductible? Understanding the tax implications of estate planning can help you make informed financial decisions. Below, we break down whether estate planning attorney fees qualify for tax deductions and explore tax strateg

In an era where financial transparency is more than a buzzword, the Corporate Transparency Act (CTA) and Financial Crimes Enforcement...

With the IRS intensifying efforts against ERC (Employee Retention Credit) fraud and issuing over 20,000 ineligibility notices to...

As an entrepreneur, selecting a name for your business is an important task that should be one of your top priorities. However, it’s crucial to make sure that the name you choose is not already being used by another business to avoid running into potential issues in the future. If you plan on expanding your business or start selling online, it may be wise to consider trademarking your name. The risk of not doing your research Most entrepreneurs assume that picking a business

Running a small business comes with its ups and downs. Sometimes, despite your best efforts, you may face a year of financial losses. The good news is that you can potentially leverage these losses to reduce your overall tax burden. Here is what you need to know about writing off small business losses on your taxes. Utilizing business losses for tax benefits If the structure of your business is that of a sole proprietorship, limited liability company (LLC), partnership or S c

If you operate a restaurant or similar business where it is customary for employees to collect tips, it is important to note whether you have to pay taxes on those tips. Employers that do not accurately report income from tips may open themselves to several tax penalties. If you require assistance managing employee tips for your business, you should contact an experienced Roseville tax return planning lawyer. The NewPoint Law Group, LLP is dedicated to helping your company ma

Remaining compliant with California’s self-employment tax can be a burdensome process. You must understand what qualifies as a self-employed individual, and you also have to know the appropriate amount of taxes that you must pay. While employees at a California-based business will have their taxes automatically deducted from their earnings, a self-employed individual must remain diligent when calculating taxes to avoid drawing the ire of the Internal Revenue Service. If you r

Forty-five states in the U.S. currently charge a sales tax, including California. However, there are still some facets of California’s sales tax program that could be explained for retailers. If you are having trouble filing your sales tax returns in California, you should consult with an experienced tax lawyer for businesses. The Roseville sales tax lawyers at NewPoint Law Group, LLP are here to explain when businesses in California and online businesses should file sales ta

Self-employed workers experience a wide range of freedom. However, with that freedom comes various tax obligations that a self-employed individual must handle. For example, self-employed workers are responsible for calculating the amount of their quarterly Social Security and Medicare taxes. Additionally, there are new tax regulations for 2019 that will alter self-employed workers operate. If you need assistance handling your tax obligations as a self-employed worker, you sho

If you have unfiled tax returns, it is wise to file them as soon as possible. Filing a late tax return can not only result in losing out on a refund, but the Internal Revenue Service (IRS) may choose to pursue you for money owed on unpaid taxes. Under serious circumstances, the IRS may consider referring your case to the Justice Department for prosecution. If you are concerned about the tax implications of your unfiled returns, you should consult with an experienced Roseville

LLCs (Limited Liability Companies) are flexible and relatively easy to form, which makes them a popular option for people that are starting their own businesses. However, LLCs must file tax returns just like any other business. LLCs that fail to file their taxes in California can expect to face penalties that can affect their ability to do business in the future. To learn more about what will happen if your LLC fails to file its taxes in California and how you can use the ser

Owning and operating a business is a task that requires a person’s undivided attention. A business owner has to be concerned about various issues from keeping their inventory well-stocked to ensuring that payments from clients are timely paid. Even with all of these obligations, it is still extremely important that a self-employed person files their self-employment taxes. If you require assistance filing your self-employment taxes, you should consult with an experienced Rosev

If you are an Airbnb host in California, you should be fully aware of any tax requirements that have been placed on the corporation’s operations. For example, if you are hosting a property in a certain part of California, you must know the transient occupancy tax rate that you are required to charge visitors. Failure to follow these regulations could lead to tax issues down the line. If you need assistance handling your tax liability as an Airbnb host, you should consult with

Rental property owners have a lot of flexibility when it comes to leasing their property. However, they must also remember to stay on top of their taxes. For example, failing to report rental income on your tax return can result in a hefty tax bill later on. While managing taxes as a new landlord can be frustrating, you should not become discouraged. If you are having difficulty managing your tax liability as a landlord, you should consult with an experienced Sacramento tax l

You may think everything in your finances is under control. However, this may not always be the case, especially when you are behind on your taxes and have the Internal Revenue Service (IRS) breathing down your neck. The bottom line is nobody wants to deal with the IRS. There are many elements in your finances you can manage and control. However, tax law is a complicated world, often requiring the expertise of a tax attorney who knows the ins and outs of the ever-changing Tax

For employers in California, failing to report income that was earned under the table could result in serious penalties. Some employers may believe that since income was earned in cash or in a form that cannot be readily tracked that would exempt them from paying taxes, it does not. If you are an employer in California and want to learn about the tax implications of under the table income, you should consult with an experienced Roseville tax return planning lawyer. The NewPoi

Owning and operating a business is both rewarding and time-consuming. This especially rings true when hiring and managing employees. In California, every employee comes with tax obligations. Knowing how to appropriately handle these obligations is an essential piece of being a business owner. If you need assistance managing payroll taxes, you should speak with an experienced Roseville small business tax lawyers. The tax lawyers at the NewPoint Law Group, LLP are available to

For those unfamiliar with accountancy, taxation, and the law, there is often a bit of confusion when considering who to go to with financial or tax problems. In many cases, the roles these individuals can play overlap – but in many areas, these professionals have distinct roles. In some cases, there may even be clear factors that, if you were unaware of them, could cause you serious problems. The Roseville, CA tax lawyers at The NewPoint Law Group, LLP explain some of the dif

When you take a job, especially a job as a household employee, it may not be clear whether you are an “employee” or an “independent contractor.” An employee usually has taxes withheld by their employer, receives a regular paycheck, and gets a W-2 at the end of the tax year. An independent contractor is like a one-person business, and is paid based on contracted work, receiving a 1099 at the end of tax season. However, there are situations where being an employee instead of an