Small Business Taxes Made Easy: Employees and Independent Contractors (Completed)

Date: Tuesday, July 14, 2020
Instructor: Eva Rosenberg
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Join the class to learn how to set up or improve your business during this COVID19 time in the world. This course is based on the tips and tools discussed in TaxMama’s latest book, Small Business Taxes Made Easy. The employee vs independent contractor issue is getting ever more challenging; especially with new court decisions, the Gig Economy, and self-employed people who prefer to hire freelancers rather than go through the hassles of payroll.

While not required, having a copy of the textbook Small Business Taxes Made Easy, 4th Edition is beneficial.

Who Should Attend
Tax practitioners at all levels regardless of tax practice and Business Owners.

Topics Covered

  • Who exactly is considered an employee
  • Checklists to use for W-2 hires and 1099 hires
  • Protecting employers from independent contractor problems
  • To whom must Form 1099-MISC be issued
  • Fundamentals of payroll and payroll taxes
  • Owners' payroll and compensation — for each type of entity
  • Hiring family members - legally
  • Employee benefits
  • Employee ownership of the business
  • Voluntary Classification Settlement Program (VCSP) — employer amnesty for getting it wrong
  • Employee and independent contractor resources

Learning Objectives

  • Identify the details about who is and isn't an employee
  • Recognize why to put someone on payroll and how to fix the problem before they are audited


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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