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Tax Tips & News: employees

What to Know as a 1099 Contractor

3 minutes read

You are responsible for paying your own state and federal income taxes.

Since you are an independent contractor, you don’t have an employer that will automatically take your state and federal income taxes out of your paycheck. This means that you are responsible for paying these funds directly to the government. However, if you live in any of the following states, you don’t have to worry about state income taxes.

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Tax Implications Of The Affordable Care Act

5 minutes read

Health Care & Taxes

The Supreme Court recently ruled that the Patient Protection & Affordable Care Act (PPACA) is constitutional.  So what does this mean for taxpayers?  A lot.  Almost every taxpayer–whether they currently have or do not have insurance–will be affected; assuming of course that the PPACA remains the law of the land. Below is a list that will impact taxpayers the most:

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