Michele Knight, CPA and owner of Knight Accounting & Technology, has published an article in the Summit Daily News. The article highlights tax issues being considered by congress and the implications they may have on tax liability. Specifically, Knight points out issues related to the Bush tax cuts, changes to the S Corporation requirement to pay payroll taxes on owner's distributions, and the impact of the new 1099 tax law that was passed as part of the recent health care reform bill.
Please click here to read the entire article.
Posted by Shahzeb Gaziani, Senior Associate Editor, Wealth Strategies Journal.
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