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Voluntary Disclosure Of Worker Miss Classification

The IRS has recognized that it would be impossible to catch every taxpayer with outstanding obligations to the IRS. Therefore, when a significant area of noncompliance is determined by the IRS, it uses Voluntary Disclosure Programs (VDP) as a way to entice taxpayers to voluntarily come forward and disclose non-compliance without the fear of criminal prosecution and/or draconian penalties.

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FedEx Worker Classification Case Sets Precedence

All fifty states have worker classification laws. Most states (like the IRS) will fall back on the common law standards that revolve around behavioral and financial control, in addition to the type of defined relationship at the onset of employment and throughout the employment term.

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7 Year-End Tax Techniques to Prepare for 2015

There is still time! With less than two weeks left in 2014, many taxpayers aren’t even thinking about ways that they can lower their tax liabilities for 2014 and beyond. Five Stone Tax Advisers has compiled some last minute items for all taxpayers to review in an effort to help minimize tax liability for 2014 and maximize financial growth.

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Why You Need a Solution

Today’s clients expect and deserve proactive, knowledgeable practitioners who understand not only the technicalities of accounting and law, but also the nuances of their individual clients’ businesses and sometimes personal finance situations.

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