August 13, 2014
Colorado Pot Tax Revenue Less than Expected
Colorado's lower taxes on medicinal marijuana are hindering projected tax revenue from recreational pot sales, according to a recent study released by the state's Department of Revenue.
August 12, 2014
Employee vs. Independent Contractor: Do You Know the Rules?
When you’re running a business and someone works for you or provides a service, you pay them. That’s easy. What isn’t always so easy is determining how you should treat those payments. Before you enter into a business relationship, it’s important to establish the type of relationship – is this person providing services as an…
August 12, 2014
IRS Says Fishing Disaster Aid May be Taxable
The Internal Revenue Service says that fishermen in the Northeast U.S. who received fishery disaster funds may have to pay federal tax on that relief assistance if it's used to replace lost income.
August 11, 2014
How to Maximize Home Office Deductions
It is well-established that you can deduct home office expenses only if certain tax law requirements are met. Notably, no deduction is allowed unless the taxpayer uses the home office regularly and exclusively for business purposes.
August 8, 2014
Nearly 80% of Taxpayers Worried About Scams, ID Theft
A new study shows that 78 percent of Americans feel vulnerable to tax scams and 57 percent do not know how to prevent or protect themselves from falling victim to one.
August 5, 2014
Report: Florida Tourism Thriving, Creating More Jobs
Tourism was a big job creator in Florida in 2013, according to a report released Monday from Florida TaxWatch.
August 5, 2014
Deloitte to Open 1,000 Job Tech Center Near Orlando
One of the world's largest accounting and professional-services firms announced on Monday that it plans to open a new tech center in Lake Mary, Florida, and hire up to 1,000 high-salaried workers over the next four years.
August 5, 2014
More States Consider Virtual Currency Regulations
From food trucks to online retailers, a growing number of mainstream businesses are accepting virtual currencies, such as Bitcoin, as a payment method. But as the popularity of digital cash rises, states are beginning to look at ways to regulate its use.
August 5, 2014
Pennsylvania Commuter Tax Shows Need for Pension Bill, Legislator Says
Scranton's adoption of a 0.75 percent commuter tax shows why state lawmakers need to pass legislation to curb municipal pension benefits for future police and firefighters, the sponsor of a key House bill said Monday.
August 4, 2014
Freelance Workers Increasing in California
A short gig doing security for the True Blood television show. A stint driving for a rental car company. A week as a customer service representative at a retail store.
August 4, 2014
Tax Scams Are a Major Concern for Taxpayers
A majority of U.S. taxpayers view tax scams as a major issue for them, with 78 percent of Americans believing they are vulnerable and could become a victim.
August 1, 2014
Latest Income Tax, IRS Scam Targets Retirees
An Austin, Texas, man may have been the target of scammers pretending to be IRS agents that have bilked at least one elderly woman of $2,500.