In a recent case that underscores the serious implications of payroll tax fraud, Linda Davis, the owner of Majestic Seals & Stripes, Inc., was sentenced to four years in federal
As we approach the end of the year, many business owners are preparing to distribute bonuses to employees. Bonuses are a great way to reward hard work and keep employees
Business owners often face complicated tax regulations, making it essential to stay on top of tax compliance. Recent legal cases, such as the sentencing of an Albuquerque man for tax
A recent high-profile tax case involving a restaurant owner has sent shockwaves through the small business community. Richard Bhoolai, the 65-year-old owner of Richie’s Fast Food Restaurants Inc. in Cincinnati,
The Social Security Administration (SSA) has announced a significant change for 2025: the maximum earnings subject to Social Security (OASDI) tax will rise from $168,600 to $176,100, an increase of
In a recent case that serves as a reminder to business owners about the severe consequences of tax evasion, a Guilford, Connecticut business owner was sentenced to prison for failing
One of the most important decisions business owners face is determining whether a worker should be classified as an employee or an independent contractor. The classification isn’t just about how
Adopting a child is not only a deeply fulfilling journey but also a significant financial commitment. Recognizing the expenses involved, the IRS provides various tax benefits to help offset adoption
In a recent audit, Maryland found itself owing the IRS a hefty $5.4 million, a significant sum resulting from complex payroll and withholding issues that the state had previously overlooked.
Two Ukrainian nationals recently faced a federal grand jury in Miami, following their extradition from Thailand, for charges related to labor-staffing companies they operated in Florida. The men, Oleg Oliynyk