Selling a house with tenants in place can add an extra layer of complexity to the sale of an investment property. However, it is possible to do it with the right legal and ethical knowledge. Since you own the property, you have the right to sell your property at any time, even with tenants still…
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Agricultural Payroll: Everything Farm Employers Need to Know
Farm employers generally get help from family, part-time workers, youth, and sometimes contractors; however, they’re still responsible for processing payroll and taxes like any other non-farm business. The process for doing agriculture payroll is similar to that which most employers follow, but there are some exceptions. Depending on how much you pay in wages, who…
(2024) Form 941 Instructions by Part [+ State Mailing Addresses]
Form 941 is a quarterly tax form that tracks Federal Insurance Contributions Act (FICA) (Social Security and Medicare) payments made by employers throughout the year. Employer FICA tax payments (6.2% for Social Security and 1.45% for Medicare) are typically due monthly or semiweekly, and Form 941 is due quarterly. Since filling out Form 941 can…
Form 1120X: How To Amend a Corporate Tax Return
A corporate tax return is amended by filing Form 1120X. An amended return may be required to account for information that was either not reported or incorrectly reported on the original filing. The reason for the amendment must be detailed in Form 1120X, Part II—and any forms or schedules that changed should be labeled “As…
How to Pay Independent Contractors in 5 Easy Steps
Paying independent contractors is simpler and often cheaper than paying employees because employers don’t have to withhold or pay taxes. Although year-end reports are required to show amounts paid, employment and labor laws that cover employees—like minimum wage—don’t apply. We walk through the five steps on how to pay independent contractors below. Step 1: Determine…
How to Invest in Commercial Real Estate: A Beginner’s Guide
Knowing how to invest in commercial real estate offers a lucrative opportunity for those looking to expand their investment portfolio beyond traditional stocks and bonds or residential real estate. Successful commercial real estate investing for beginners requires a deep understanding of market dynamics, property valuation, and legal complexities. Whether you’re considering an industrial warehouse, a…
How to Do Payroll in Colorado: An Employer’s Guide
In contrast to states like New York, with challenging payroll rules that can change often, Colorado’s payroll is relatively straightforward, though it does have some laws protecting employees that other states don’t have. Taking time to learn how to do payroll in Colorado will help ensure you feel more comfortable as you begin to manage…
How to Import from China to the US in 6 Steps [2024]
Importing products from China—commonly called “the factory of the world” due to its enormous manufacturing infrastructure, skilled population, and wealth of industry experience—can boost your store’s profitability by increasing your margins and making customized products more accessible. This guide gives all the information you need to get started importing from China—finding products, choosing and negotiating…