Step by step instructions to setting up an account with the California Franchise Tax Board
It’s really easy to setup an account with the Franchise Tax Board (FTB) in California and electronically file Form 592 online through the FTB SWIFT System. The first step is to send an email to wscs.swift@ftb.ca.gov requesting a login and passcode for the FTB SWIFT System. You want to provide your company name, address, primary contact […]
The Common-Law Rules That Determine Employee Classification
The common-law-rules as defined by the IRS can help business owners determine whether their workers are considered employees or contractors. It is crucial for business owners to make this determination because each classification is subject to different tax withholdings and laws. A business owner may do this by considering the degree of control over the […]
The Difference Between Contractors And Employees
Before they file their taxes, it is critical that employers and workers have determined whether the work they have performed or paid for is considered contract or employee work. This is because contract and freelance work have different tax laws. Also, the IRS may audit or fine companies that misclassify their employees as contractors. Since […]
