Tired of Tax Trouble?

Improper classification of workers, Employees vs. Independent Contractors, have plagued many businesses over several industries. Essentially, the company hiring these workers will attempt to classify them as Independent Contractors, though some situations warrant these workers to be classified as Employees. The ‘Great Debate’ on whether a worker is an Independent Contractor or an Employee is ongoing, despite the stated IRS guidelines, litigation battles, and other deterrents used to encourage proper classification of workers.  The big question ‘Why Pay Taxes?’ that is on the lips of many often comes with different responses. There are many reasons why we should pay taxes. Other than it’s the law to pay taxes on income earned and lack thereof could result in fines, penalties, and/or imprisonment, our tax payments help fund public libraries, parks, and schools.

​Why Pay Taxes?
Per the IRS publication 2105 (Rev. 3-2011), taxes are used to pay for:

• Social Security, Medicare, and Other Retirement
• Social Programs
• Physical, Human, and Community Development
• National Defense, Veterans, and Foreign Affairs
• Law Enforcement and General Government

I have come across several individuals that did not understand that not paying their taxes adversely impacts their Social Security retirement. In other words, if you don’t pay much, you may not have much to get upon your retirement. Don’t make the mistake and ‘short change’ your retirement income.
Also, many arguments have come forth to assert that we do not have to pay taxes, which have been struck down as frivolous. Moreso, many have experienced that not paying their share of taxes could result in civil and criminal sanctions, prosecutions, prison sentences, disbarments, and professional license revocations. Why take that risk? There’s no need to take that risk. Tax Largie, Inc. can assist and help to keep you out of tax trouble.

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The Sixteenth Amendment to the Constitution - Taxes
It’s the law. “The Sixteenth Amendment to the Constitution, ratified on February 3, 1913, states, “The Congress shall have the power to lay and collect taxes on income, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.” The Code is found in Title 26 of the United States Code. It is enacted by Congress and enforced by the IRS. Stay out of tax trouble.

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Self-Employed Occupations
Below is a list of some common self-employed occupations that generally needs an Accounting professional to assist with their bookkeeping, accounting, payroll, and filing of applicable income tax returns – and help them to stay out of tax trouble, such as:

• Adult Entertainers (Club Owners, Exotic Dancers & Actors)
• Truck Drivers
• Uber & Lyft Drivers; Airbnb Owners (Shared Economy)
• Barber Shops/Barbers/Hairstylists/Cosmetologists
• Landscaping Professionals
• Janitorial - Commercial & Residential Cleaning
• Handyman
• Personal Trainers
• Home Health Aide Workers
• Maids & Housekeepers
• Child Care Workers
• Real Estate Sales Agents
• Painters
• Lawyers
• Accountants & Lawyers

 
A Simple Solution: Hire Us; We’re Affordable!
If your employer does not pay taxes for you or you receive a Form 1099, then you will need to pay your taxes. Tax Largie, Inc. will be happy to assist you with all your business needs and help keep you out of tax trouble. The above business owners and self-employed professionals may hire us for several services that will help keep you out of tax trouble, which includes:

1. Bookkeeping or Accounting Service: We will be your Bookkeepers and/or Accountants and keep track of all your transactions for you and produce needed reports when applicable.
2. Payroll Services: We will process payroll, pay applicable taxes, and file the respective tax returns for you.
3. Income Tax Services: We will process your year-end tax returns for you.

 
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