by briesterer@thinkvisionary.com | Feb 29, 2020 | Newsletter
Worker Classification: Employee vs. Contractor If you hire someone for a long-term, full-time project or a series of projects that are likely to last for an extended period, you must pay special attention to the difference between independent contractors and...
by briesterer@thinkvisionary.com | Feb 28, 2020 | Newsletter
It’s Not Too Late to Make an IRA Contribution If you haven’t contributed funds to an Individual Retirement Account (IRA) for tax year 2019, or if you’ve put in less than the maximum allowed, you still have time to do so. You can contribute to either...
by briesterer@thinkvisionary.com | Feb 4, 2020 | Newsletter
Tax Filing Season Begins January 27, 2020, marked the start of this year’s tax filing season. Complicating matters is a newly revised Form 1040, U.S. Individual Income Tax Return. With more than 150 million individual tax returns expected to be filed for the...
by briesterer@thinkvisionary.com | Feb 3, 2020 | Newsletter
Tax Extenders, Retirement Plan Changes, and Repeals The Further Consolidated Appropriations Act, 2020, signed into law on December 20, 2019, extended a number of expired tax provisions for business and individuals through 2020. It also included several retirement plan...
by briesterer@thinkvisionary.com | Feb 2, 2020 | Newsletter
2020 Tax Withholding: the new Form W-4 Form W-4, Employee’s Withholding Certificate, has been redesigned for 2020. Previously, income tax withholding was based on an employee’s marital status and withholding allowances or tied to the value of the personal...
