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Monthly Archives: January 2012

IRS & Offshore Account Disclosures

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The IRS has reopened the offshore voluntary disclosure program (OVDP) to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs. Continue reading

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California Businesses Beware: Are Your Independent Contractors Really Employees?

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New California Law imposes hefty civil penalties for employers who willfully misclassify workers as independent contractors. Faced with high payroll and workers’ compensation costs, many California businesses are increasingly tempted to hire part time workers as independent contractors, or even to reclassify existing employees as independent contractors. Continue reading

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