McNamee Hosea News & Press

How to Choose Between Fiscal and Calendar Year End

November 2016

For annual taxation purposes, the IRS allows business owners to choose between a fiscal year end and a calendar year end to report their annual earnings. When choosing to decide which option is best for your business, it is important to understand the differences between the Fiscal and Calendar Year End options. Full Article
Individual Employment Status: Dancing Around Employment Qualifications

March 2016

The problem of whether an individual qualifies as an employee or an independent contractor has plagued employers for quite some time. An employer undoubtedly may believe that an individual they contract with is not an employee of the business; however, the Courts have taken a liberal approach in defining the factors that qualify that person to be "employed." Full Article