National Insurance and Tax Service

What is the Difference Between a 1099 Employee and a W2 Employee?

What is the Difference Between a 1099 Employee and a W2 Employee?

  Are you confused about the differences between a 1099 employee and a W2 employee? If so, you’re not alone. Many employers and employees alike are unsure of the key differences between the two types of workers, and don’t understand the implications of these distinctions. In this blog post, we’ll explain the key differences between… Continue reading What is the Difference Between a 1099 Employee and a W2 Employee?

Why Choose National Insurance & Tax Service?

Get Expert Tax & Insurance Services from National Insurance & Tax Service, Inc.

Tax season can be daunting, but with the right help, it can be a breeze. National Insurance & Tax Service, Inc. of Aurora, Illinois provides residents and businesses with expert tax and insurance services. With years of experience and excellent customer service, National Insurance & Tax Service, Inc. is the go-to resource for all things… Continue reading Why Choose National Insurance & Tax Service?

Avoid Late Filing Penalties with These Tips

Avoid Late Filing Penalties with These Tips

As a business owner, it’s important to stay on top of filing taxes on time. Late filing penalties can be costly and cause a number of other problems. Fortunately, there are several ways to help ensure that you stay on top of filing taxes. Here are a few tips to avoid late filing penalties: 4… Continue reading Avoid Late Filing Penalties with These Tips

Benefits of Incorporating an S-Corp for Payroll

Benefits of Incorporating an S-Corp for Payroll

One of the most important decisions a business owner must make is how to structure their payroll system. Incorporating an S–Corp can be a great way to efficiently and effectively manage payroll while maximizing benefits. Benefits of Incorporating an S–Corp for Payroll 1. Tax Savings When an S–Corp is established, the business is taxed as… Continue reading Benefits of Incorporating an S-Corp for Payroll

5 Proven Strategies for Marketing Your Tax Business

5 proven Strategies for Marketing Your Tax Business

As the tax season approaches, many businesses are looking for ways to promote their services and attract new clients. As a tax professional, you understand the importance of reaching out to potential clients and building relationships with them. However, with so many other businesses vying for the same customers, it can be difficult to stand… Continue reading 5 Proven Strategies for Marketing Your Tax Business

Understanding Accounting Methods: How to Choose the Right One for Your Business

Understanding Accounting Methods: How to Choose the Right One for Your Business

Accounting is a critical aspect of any business and choosing the right method can make a big difference in your financials and reporting. In this blog post, we’ll explore different accounting methods and how to choose the right one for your business. Understanding Accounting Methods: How to Choose the Right One for Your Business Overview… Continue reading Understanding Accounting Methods: How to Choose the Right One for Your Business

Need Tax Audit Advice?

Receiving that dreadful letter from the IRS can be quite scary. This article will provide you with some helpful tips. Oh no! You need tax audit advice. You just received in the mail a notification that you are going to be audited by the IRS. What now? How do you respond to this and should… Continue reading Need Tax Audit Advice?

Income Tax Law Changes 2022: What You Need To Know

Welcome to the topic Income Tax Law Changes 2022: What You Need to Know. Changes have been made to the laws regarding Income Taxes, which will be effective from the year 2022. In this post, we’ll give you a run-down of what you need to know about all these changes and how they may affect… Continue reading Income Tax Law Changes 2022: What You Need To Know

Everything to know about 1099-C Cancellation of Debt

Many people don’t even realize that the 1099-C Cancellation of Debt form exits. So, it can be a surprise to receive one. Let’s discuss briefly at Form 1099-C, what you should do when you acquire a 1099-C and how you can find whether your debt is kept out of debt agreement taxes. What is a 1099-C form?… Continue reading Everything to know about 1099-C Cancellation of Debt

Everything To Know About Form 1099-DIV-Dividends Distribution

Form 1099-DIV-Dividends Distribution If an individual pays dividend, then a form 1099-DIV is processed that refers to an important record of it. It is possible to receive one or more 1099 DIV Forms in February online. The data that the form contains is significant as it plays an important role in your life related to the tax. Financial… Continue reading Everything To Know About Form 1099-DIV-Dividends Distribution

Everything To Know About Self-Employment Taxes

Everything To Know About Self Employment Taxes A person is known as Self-employed if he is in a business or a member of a partnership related to business or trade. The major responsibility of a self-employed person includes paying the estimated tax quarterly and filing an annual return. When we see the term self-employment tax, it only… Continue reading Everything To Know About Self-Employment Taxes

Everything to Know About Interest Income-1099-INT

Interest income-1099-INT is a 1099-INT tax form. It is an official record that a person or a company has paid the interest within the tax year. In most cases, you will receive a form in February. The 1099-INT tax form is received via mail. You should not ignore the form as it will greatly impact your… Continue reading Everything to Know About Interest Income-1099-INT