What you'll need to bring to your tax and year end appointment: Individual Tax Preparation: W-4_FOR_2012.pdf  W9_Form.pdf  1040_Preparation_Checklist.doc Business End of Year accounting & Tax Preparation:  Items_Needed_for_2011_End_of_Year_Accounting.doc Ten_tips_from_the_pros_for_better_recordkeeping.doc Client_Monthly_Accounting_CHECKLIST.doc Your_2012_tax_numbers.doc     EMPLOYEE OR INDENDENT CONTRACTOR In 2010, the IRS started doing an employment tax audit program which will carry through 2012. One of the goals is to determine proper employee classification. Businesses must determine whether a person is an employee or independent contractor. The keys are to look at the entire relationship, consider the extent of rights to direct or control activities and to make sure to document each factor used when determining classification. The IRS reviews the following three control criteria: Behavioral - Does the company direct or control what the worker does and how they do his or her job? Financial - Are the business aspects of the worker's job controlled by the payer? Type of Relationship - How the parties perceive their relationship. Are there written contracts or employee benefits? Inaccurate classification could result in back tax liabilites, accrued overtime and benefits, along with other penalties. If you have any additonal questions or concerns please feel free to contact us.     IT'S AN INVESTMENT NOT AN EXPENSE

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