Check out our latest Newsletter! Our next QUICKBOOKS 3-HOUR COURSE is DECEMBER 16, 2010 from 1:00pm to 4:00pm- http://eepurl.com/bMWL9

ARE YOU AN INDEPENDENT CONTRACTOR OR EMPLOYEE?

It is critical that you, the employer, correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on employee wages.

You do not generally have to withhold or pay any taxes on payments to independent contractors.

Generally, whether a worker is an employee or an independent contractor depends upon how much control you have as a business owner. The IRS uses three broad categories to determine the relationship between businesses and workers: behavioral control, financial control, and the type of relationship.

If you have an independent contractor, you may be required to issue Form 1099-MISC for any payments totaling $600 or more in a calendar year.

For Form W-9, Request for Taxpayer Identification Number and Certification, may be used to obtain the payee’s taxpayer identification number and to certify that no backup withholding is required.

DO YOU OWN YOUR OWN BUSINESS AND NEED HELP WITH QUICKBOOKS ACCOUNTING SOFTWARE?

For the new user or those looking to improve their knowledge of the accounting software, TORO ACCOUNTING & CONSULTING offers live QuickBooks seminars to provide the training that you need in fully equipped computer labs. Our QuickBooks Classes are conducted by providing a live demonstration of the accounting software. We provide our students with a computer station to use during the 3 hour training sessions.

Our next QUICKBOOKS 3-HOUR COURSE is DECEMBER 16, 2010 from 1:00pm to 4:00pm
Click here to Register Today!

TORO ACCOUNTING & CONSULTING IS YOUR REALIABLE SOURCE FOR BOOKEEPING ACCOUNTING AND TAX PREPARATION SERVICES:

Our CPA has a proven track record of assisting local businesses improve their productivity by streamlining all their accounting practices. Our clients have accurate and up-to-date financial information on a daily basis, which in turn helps them make better decisions and increases the overall efficiency of your business operations.

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